WITZ Corporation, 1% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Increased Previous Year's Dividend by 1 yen, This Fiscal Year to Increase Dividend by 1 yen

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Fri Oct 11, 2024 12:00 pm JST Earnings

4440 WITZ Corporation 【J-GAAP】

Earnings Report

WITZ Corporation <4440> [TSE-S] announced its financial results at noon (12:00) on October 11th. The consolidated ordinary profit for the fiscal year ending August 2024 expanded to 54.9% from the previous period to 347 million yen, exceeding the previous forecast of 270 million yen. For the fiscal year ending August 2025, the profit is nearly flat with a slight increase of 0.9% to 350 million yen, marking the second consecutive term of record-high profits. This will be the fourth consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 13 yen to 14 yen (compared to 8 yen in the prior term), and has decided to increase the dividend this fiscal year to 15 yen, an increase of 1 yen from the previous fiscal year.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit/loss turned to a profit of profit of 83 million yen (compared to a loss of 8 million yen in the same period last year). The operating profit/loss margin drastically improved from -3.4% in the same period last year to 6.9%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2022	2,345	236	265	175	42.2	8	Oct 13, 2022	J-GAAP
Aug, 2023	2,501	187	224	133	32.5	8	Oct 12, 2023	J-GAAP
Aug, 2024	3,477	281	347	275	67.7	14	Oct 11, 2024	J-GAAP
YoY	+39.0%	+50.3%	+54.9%	+106.8%	+108.6%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2024 Guidance	3,400	210	270	170	42.3	13	Jul 12, 2024	J-GAAP
Aug, 2024 Results	3,477	281	347	275	67.7	14	Oct 11, 2024	J-GAAP
Revision Rate	+2.3%	+33.8%	+28.5%	+61.8%	+60.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	1,487	124	138	85	21.1	0	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	ー	ー	ー	ー	－	0	Oct 11, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	2,501	187	224	133	32.5	8	Oct 12, 2023	J-GAAP
Aug, 2024	3,477	281	347	275	67.7	14	Oct 11, 2024	J-GAAP
Aug, 2025 Guidance	4,100	337	350	234	58.9	15	Oct 11, 2024	J-GAAP
YoY	+17.9%	+19.9%	+0.9%	-14.9%	-13.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	593	-20	-8	-3	-0.7	-3.4	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	700	44	52	32	7.9	6.3	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	787	80	86	53	13.1	10.2	Apr 12, 2024	J-GAAP
Mar - May, 2024	951	85	126	80	19.7	8.9	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	1,039	72	83	110	27.1	6.9	Oct 11, 2024	J-GAAP
YoY	+75.2%	－	－	－	－