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West Holdings corporation, Last Fiscal Year Ordinary Profit Revised Downward by 9%

Wed Oct 9, 2024 10:30 am JST Revision

1407 West Holdings corporation 【J-GAAP】

Guidance Update Report

West Holdings corporation <1407> [TSE-S] announced a performance revision in the morning on October 9th (10:30). The consolidated ordinary profit for the fiscal year ending August 2024 has downwardly by 9.4%, from the previous forecast of 10.9 billion yen to 9.95 billion yen (compared to 7.97 billion yen in the previous period), leading to a reduction in the profit growth rate from 37.8% to 24.9%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the March to August period (second half) consolidated ordinary profit has downwardly by 12.2%, from the previous forecast of 8.41 billion yen to 7.38 billion yen (compared to 6.75 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 24.6% to 9.4%.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Prev 44,740 8,770 8,415 5,574 140.5 65 Aug 22, 2024 J-GAAP
Mar - Aug, 2024 New 30,475 7,684 7,388 4,863 120.5 65 Oct 9, 2024 J-GAAP
Revision Rate -31.9% -12.4% -12.2% -12.8% -14.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 Prev 64,655 11,683 10,983 7,438 187.5 65 Aug 22, 2024 J-GAAP
Aug, 2024 New 50,390 10,597 9,956 6,727 166.7 65 Oct 9, 2024 J-GAAP
Revision Rate -22.1% -9.3% -9.4% -9.6% -11.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2023 28,933 6,989 6,753 4,964 122.1 55 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 Guidance 30,475 7,684 7,388 4,863 120.5 65 Oct 9, 2024 J-GAAP
YoY +5.3% +9.9% +9.4% -2.0% -1.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2022 67,169 7,770 7,293 4,257 104.7 55 Oct 14, 2022 J-GAAP
Aug, 2023 43,734 8,499 7,972 6,016 148.0 55 Oct 13, 2023 J-GAAP
Aug, 2024 Guidance 50,390 10,597 9,956 6,727 166.7 65 Oct 9, 2024 J-GAAP
YoY +15.2% +24.7% +24.9% +11.8% +12.7%

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