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THE JAPAN WOOL TEXTILE CO., LTD., December-August (Third Quarter Cumulative) Ordinary Profit Increases by 14%, June-Augus Ordinary Profit Increases by 30%

Fri Oct 11, 2024 3:00 pm JST Earnings

3201 THE JAPAN WOOL TEXTILE CO., LTD. 【J-GAAP】

Earnings Report

THE JAPAN WOOL TEXTILE CO., LTD. <3201> [TSE-P] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) increased by 13.8% from the same period last year, reaching 8.29 billion yen. The progress rate against the 11.6 billion yen full-year plan was 71.5%, exceeding the five-year average of 67.9%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to November period (4Q) is expected to decrease by 23.9% from the same period last year to 3.3 billion yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit increased by 30.3% from the same period last year, reaching 3.23 billion yen. The operating profit margin significantly improved from 8.2% in the same period last year to 11.6%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Dec - Aug, 2021 79,950 7,762 8,672 5,721 78.4 74.0 Oct 12, 2022 J-GAAP
Dec - Aug, 2022 80,849 6,734 7,295 4,888 69.2 62.7 Oct 13, 2023 J-GAAP
Dec - Aug, 2023 80,658 7,794 8,299 6,702 97.2 71.5 Oct 11, 2024 J-GAAP
YoY -0.2% +15.7% +13.8% +37.1% +40.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2023 58,949 6,446 6,824 4,330 61.5 19 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 Guidance 57,392 6,332 6,538 4,026 58.4 20 Jul 12, 2024 J-GAAP
YoY -2.6% -1.8% -4.2% -7.0% -5.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2022 109,048 10,707 11,715 7,283 100.5 30 Jan 13, 2023 J-GAAP
Nov, 2023 113,497 11,016 11,634 7,643 108.6 33 Jan 12, 2024 J-GAAP
Nov, 2024 Guidance 111,000 11,000 11,600 7,700 111.7 36 Jan 12, 2024 J-GAAP
YoY -2.2% -0.1% -0.3% +0.7% +2.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 26,301 2,164 2,485 1,575 22.3 8.2 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 32,648 4,282 4,339 2,755 39.1 13.1 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 24,801 1,888 2,111 1,809 26.3 7.6 Apr 12, 2024 J-GAAP
Mar - May, 2024 28,807 2,780 2,951 1,865 27.1 9.7 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 27,050 3,126 3,237 3,028 43.9 11.6 Oct 11, 2024 J-GAAP
YoY +2.8% +44.5% +30.3% +92.3% +97.1%

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