Wakita & Co.,LTD., June-August (2Q) Ordinary Profit Decreases by 6%

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Fri Oct 11, 2024 3:30 pm JST Earnings

8125 Wakita & Co.,LTD. 【J-GAAP】

Earnings Report

Wakita & Co.,LTD. <8125> [TSE-P] announced its financial results after the market closed on October 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was 2.84 billion yen, a 0.1% decrease compared to the same period last year. The progress rate against the 5.95 billion yen full-year plan was 47.9%, almost the same as the five-year average of 48.3%.

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 September to February period (second half) is expected to grow by 8.4% from the same period last year, reaching 3.1 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 1.27 billion yen, a 5.8% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 5.8% in the same period last year to 5.8%.

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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	37,764	2,703	2,798	1,732	33.6	47.6	Oct 7, 2022	J-GAAP
Mar - Aug, 2023	42,179	2,749	2,851	1,638	32.7	49.9	Oct 6, 2023	J-GAAP
Mar - Aug, 2024	43,179	2,792	2,849	1,690	34.2	47.9	Oct 11, 2024	J-GAAP
YoY	+2.4%	+1.6%	-0.1%	+3.2%	+4.6%

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	－	0	Apr 12, 2024	J-GAAP
Mar - Aug, 2024 Results	43,179	2,792	2,849	1,690	34.2	0	Oct 11, 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
Sep - Feb, 2023	46,475	2,792	2,861	1,520	30.5	62	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	50,821	3,008	3,101	1,760	35.6	70	Oct 11, 2024	J-GAAP
YoY	+9.4%	+7.7%	+8.4%	+15.8%	+16.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	78,870	5,765	5,880	3,901	76.4	38	Apr 7, 2023	J-GAAP
Feb, 2024	88,654	5,541	5,712	3,158	63.5	62	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	94,000	5,800	5,950	3,450	69.9	70	Apr 12, 2024	J-GAAP
YoY	+6.0%	+4.7%	+4.2%	+9.2%	+10.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	22,176	1,284	1,350	788	15.8	5.8	Oct 6, 2023	J-GAAP
Sep - Nov, 2023	23,167	1,511	1,531	834	16.7	6.5	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	23,308	1,281	1,330	686	13.8	5.5	Apr 12, 2024	J-GAAP
Mar - May, 2024	21,978	1,560	1,577	921	18.7	7.1	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	21,201	1,232	1,272	769	15.6	5.8	Oct 11, 2024	J-GAAP
YoY	-4.4%	-4.0%	-5.8%	-2.4%	-1.1%