T Hasegawa (4958) Q3 2024 earnings summary

Executive summary

• 9M net sales rose 9.4% YoY to ¥52,705 million; operating profit increased 26.0% to ¥7,493 million.

• Profit attributable to owners of parent rose 4.9% to ¥5,617 million; comprehensive income increased to ¥9,854 million from ¥4,950 million.

Financial highlights

• Gross profit increased to ¥22,073 million from ¥19,320 million; SG&A rose to ¥14,579 million from ¥13,374 million.

• Ordinary profit rose 25.1% YoY to ¥8,003 million; EPS was ¥136.53 vs. ¥130.16, and diluted EPS was ¥135.95 vs. ¥129.68.

• Adjusted for the decrease in gains on investment-security sales, attributable profit rose 4.9%, below ordinary-profit growth of 25.1%.

Outlook and guidance

• FY2024 forecast was revised: net sales ¥71,300 million (+9.9% YoY), operating profit ¥9,560 million (+27.3%), and ordinary profit ¥10,000 million (+22.2%).

• FY attributable profit forecast is ¥7,350 million (+10.2%); EPS forecast is ¥178.64.