WA,Inc., First Half Ordinary Profit Decreases by 4%

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Fri Sep 13, 2024 3:00 pm JST Earnings

7683 WA,Inc. 【J-GAAP】

Earnings Report

WA,Inc. <7683> [TSE-G] announced its financial results after the market closed on September 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) decreased by 4.0% from the same period last year to 790 million yen. This progress accounts for 33.3% of the full-year plan of 2.36 billion yen, also falling below the five-year average of 38.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to January period (second half) is expected to expand by 81.7% from the same period last year, reaching 1.57 billion yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit grew by 9.4% from the same period last year, reaching 700 million yen. However, the operating profit margin decreased from 11.2% in the same period last year to 10.5%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Feb - Jul, 2022	8,235	294	174	95	5.0	16.1	Sep 14, 2022	J-GAAP
Feb - Jul, 2023	10,338	867	823	492	25.8	48.6	Sep 14, 2023	J-GAAP
Feb - Jul, 2024	11,261	853	790	465	24.4	33.3	Sep 13, 2024	J-GAAP
YoY	+8.9%	-1.6%	-4.0%	-5.5%	-5.4%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb - Jul, 2024 Guidance	ー	ー	ー	ー	－	6	Jun 14, 2024	J-GAAP
Feb - Jul, 2024 Results	11,261	853	790	465	24.4	6	Sep 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2023	10,922	895	869	671	35.2	8.75	Mar 15, 2024	J-GAAP
Aug - Jan, 2024 Guidance	12,224	1,527	1,579	1,047	54.9	6	Sep 13, 2024	J-GAAP
YoY	+11.9%	+70.6%	+81.7%	+56.0%	+55.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2023	17,598	1,186	1,084	689	36.2	6.25	Mar 17, 2023	J-GAAP
Jan, 2024	21,260	1,762	1,692	1,163	61.1	8.75	Mar 15, 2024	J-GAAP
Jan, 2025 Guidance	23,485	2,380	2,369	1,512	79.3	12	Aug 16, 2024	J-GAAP
YoY	+10.5%	+35.1%	+40.0%	+30.0%	+29.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	6,050	678	640	389	20.4	11.2	Sep 14, 2023	J-GAAP
Aug - Oct, 2023	4,741	236	192	97	5.1	5.0	Dec 15, 2023	J-GAAP
Nov - Jan, 2023	6,181	659	677	574	30.1	10.7	Mar 15, 2024	J-GAAP
Feb - Apr, 2024	4,689	164	90	36	1.9	3.5	Jun 14, 2024	J-GAAP
May - Jul, 2024	6,572	689	700	429	22.5	10.5	Sep 13, 2024	J-GAAP
YoY	+8.6%	+1.6%	+9.4%	+10.3%	+10.4%