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Hamee Profit Plunges as Portfolio Shift and Weaker Sales Hit FY04/26 Q3

Story Highlights
  • Hamee’s Q3 FY04/26 results showed lower sales and a sharp profit decline, partly due to removing NE Inc. from consolidation.
  • The company’s assets and equity ratio fell, yet it kept full-year forecasts and a ¥22.50 year-end dividend unchanged.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hamee Profit Plunges as Portfolio Shift and Weaker Sales Hit FY04/26 Q3

Meet Samuel – Your Personal Investing Prophet

The latest update is out from Hamee Corp. ( (JP:3134) ).

Hamee Corp. reported consolidated net sales of ¥16.93 billion for the first nine months of FY04/26, down 2.4% year on year, with operating income plunging 58.7% to ¥799 million and net profit attributable to owners of the parent falling 72.2% to ¥296 million. Management attributed part of the decline to the structural impact of removing NE Inc. from consolidation, while shareholders’ equity and the equity ratio also weakened, reflecting a contraction of the balance sheet.

Total assets dropped to ¥14.14 billion and the equity ratio decreased to 50.5% from 61.8% at the previous fiscal year-end, underscoring a more leveraged financial position. Despite the earnings deterioration, the company kept its full-year forecast unchanged, projecting a 5.3% drop in net sales and an 88.1% plunge in net profit, and maintained its plan to pay a year-end dividend of ¥22.50 per share, signaling a commitment to shareholder returns amid profit pressures.

The most recent analyst rating on (JP:3134) stock is a Buy with a Yen570.00 price target. To see the full list of analyst forecasts on Hamee Corp. stock, see the JP:3134 Stock Forecast page.

More about Hamee Corp.

Hamee Corp. is a Japan-based company listed on the Tokyo Stock Exchange that develops and sells smartphone accessories and related e-commerce services. The group has been restructuring its portfolio, including the exclusion of NE Inc. from the scope of consolidation, which has structurally reduced sales and profits compared with the previous year.

Average Trading Volume: 131,751

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen8.2B

For a thorough assessment of 3134 stock, go to TipRanks’ Stock Analysis page.

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