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Wesco Holdings Inc., 8% Decrease in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 2 yen, Plan to continue the 22 yen policy this fiscal year as well

Thu Sep 12, 2024 4:00 pm JST Earnings

6091 Wesco Holdings Inc. 【J-GAAP】

Earnings Report

Wesco Holdings Inc. <6091> [TSE-S] announced its financial results after the market closed on September 12th (16:00). The consolidated ordinary profit for the fiscal year ending July 2024 increased by 8.0% from the previous period to 1.22 billion yen. However, for the fiscal year ending July 2025, the profit is expected to decrease by 8.3% from the previous period to 1.12 billion yen.

At the same time, the company increased the annual dividend for the previous term from 20 yen to 22 yen (compared to 16 yen in the prior term), and has decided to continue with a dividend of 22 yen for the current term as well.

In the most recent three-month period, from May to July (4Q), the consolidated ordinary profit grew by 27.5% from the same period last year, reaching 264 million yen. However, the operating profit margin remained almost flat, changing from 4.4% in the same period last year to 4.4%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2022 15,672 888 1,245 774 52.6 16 Sep 13, 2022 J-GAAP
Jul, 2023 15,593 892 1,137 672 45.7 16 Sep 12, 2023 J-GAAP
Jul, 2024 15,725 942 1,228 768 52.3 22 Sep 12, 2024 J-GAAP
YoY +0.8% +5.6% +8.0% +14.3% +14.3%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2024 Guidance 15,940 930 1,137 705 48.3 20 Sep 12, 2023 J-GAAP
Jul, 2024 Results 15,725 942 1,228 768 52.3 22 Sep 12, 2024 J-GAAP
Revision Rate -1.3% +1.3% +8.0% +8.9% +8.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 7,756 347 478 308 21.0 0 Mar 13, 2024 J-GAAP
Aug - Jan, 2024 Guidance ー ー ー ー － 0 Sep 12, 2024 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 15,593 892 1,137 672 45.7 16 Sep 12, 2023 J-GAAP
Jul, 2024 15,725 942 1,228 768 52.3 22 Sep 12, 2024 J-GAAP
Jul, 2025 Guidance 16,024 943 1,126 675 49.7 22 Sep 12, 2024 J-GAAP
YoY +1.9% +0.1% -8.3% -12.1% -4.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 3,769 167 207 124 8.4 4.4 Sep 12, 2023 J-GAAP
Aug - Oct, 2023 3,751 118 176 112 7.6 3.1 Dec 13, 2023 J-GAAP
Nov - Jan, 2023 4,005 229 302 196 13.3 5.7 Mar 13, 2024 J-GAAP
Feb - Apr, 2024 4,194 428 486 310 21.1 10.2 Jun 12, 2024 J-GAAP
May - Jul, 2024 3,775 167 264 150 10.2 4.4 Sep 12, 2024 J-GAAP
YoY +0.2% 0.0% +27.5% +21.0% +21.0%

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