WingArc1st Inc., First Half Net Income Increases by 6%, June-Augus Net Income Increases by 19%

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Thu Oct 10, 2024 3:00 pm JST Earnings

4432 WingArc1st Inc. 【IFRS】

Earnings Report

WingArc1st Inc. <4432> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 10th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 5.9% from the same period last year, reaching 3.59 billion yen. The progress rate against the 5.8 billion yen full-year plan was 62.0%, also surpassing the four-year average of 56.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the September to February period (second half) is expected to grow by 9.3% from the same period last year, reaching 2.2 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated net income grew by 18.7% from the same period last year, reaching 1.84 billion yen. The operating profit margin rose from 32.6% in the same period last year to 32.9%.

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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
Mar - Aug, 2022	11,377	3,728	3,698	2,800	82.6	63.1	Oct 12, 2022	IFRS
Mar - Aug, 2023	13,498	4,720	4,713	3,395	99.4	64.5	Oct 12, 2023	IFRS
Mar - Aug, 2024	14,875	4,964	4,994	3,597	104.4	ー	Oct 10, 2024	IFRS
YoY	+10.2%	+5.2%	+6.0%	+5.9%	+5.1%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	ー	ー	ー	ー	－	42	Apr 11, 2024	IFRS
Mar - Aug, 2024 Results	14,875	4,964	4,994	3,597	104.4	42	Oct 10, 2024	IFRS
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	12,254	2,589	2,591	2,016	58.9	45.20	Apr 11, 2024	IFRS
Sep - Feb, 2024 Guidance	12,725	3,036	ー	2,203	63.9	42	Oct 10, 2024	IFRS
YoY	+3.8%	+17.3%	－	+9.3%	+8.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	22,349	5,945	5,860	4,401	129.5	43.10	Apr 13, 2023	IFRS
Feb, 2024	25,752	7,309	7,304	5,411	158.1	78.70	Apr 11, 2024	IFRS
Feb, 2025 Guidance	27,600	8,000	ー	5,800	168.1	84	Apr 11, 2024	IFRS
YoY	+7.2%	+9.5%	－	+7.2%	+6.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	6,577	2,142	2,162	1,558	45.6	32.6	Oct 12, 2023	IFRS
Sep - Nov, 2023	6,186	1,535	1,537	1,104	32.3	24.8	Jan 12, 2024	IFRS
Dec - Feb, 2023	6,068	1,054	1,054	912	26.6	17.4	Apr 11, 2024	IFRS
Mar - May, 2024	7,120	2,413	2,405	1,748	50.8	33.9	Jul 11, 2024	IFRS
Jun - Aug, 2024	7,755	2,551	2,589	1,849	53.7	32.9	Oct 10, 2024	IFRS
YoY	+17.9%	+19.1%	+19.8%	+18.7%	+17.7%