West Holdings corporation, 20% Increase in Ordinary Profit, Update Record High for Second Consecutive Term

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Tue Oct 15, 2024 10:00 am JST Earnings

1407 West Holdings corporation 【J-GAAP】

Earnings Report

West Holdings corporation <1407> [TSE-S] announced its financial results in the morning on October 15th (10:00). The consolidated ordinary profit for the fiscal year ending August 2024 increased by 24.9% from the previous period to 9.95 billion yen. For the fiscal year ending August 2025, the profit is expected to grow by 19.7% to 11.9 billion yen, marking the second consecutive term of record-high profits. This will be the third consecutive term of profit growth.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit increased by 58.0% from the same period last year, reaching 6.39 billion yen. The operating profit margin rose from 23.9% in the same period last year to 30.9%.

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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	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	50,390	10,597	9,956	6,757	167.5	65	Oct 15, 2024	J-GAAP
YoY	+15.2%	+24.7%	+24.9%	+12.3%	+13.2%

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	50,390	10,597	9,956	6,727	166.7	65	Oct 9, 2024	J-GAAP
Aug, 2024 Results	50,390	10,597	9,956	6,757	167.5	65	Oct 15, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+0.4%	+0.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	19,915	2,913	2,568	1,864	45.8	0	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	16,710	2,659	2,097	1,242	31.3	0	Oct 15, 2024	J-GAAP
YoY	-16.1%	-8.7%	-18.3%	-33.4%	-31.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	43,734	8,499	7,972	6,016	148.0	55	Oct 13, 2023	J-GAAP
Aug, 2024	50,390	10,597	9,956	6,757	167.5	65	Oct 15, 2024	J-GAAP
Aug, 2025 Guidance	56,418	13,221	11,921	8,010	202.0	65	Oct 15, 2024	J-GAAP
YoY	+12.0%	+24.8%	+19.7%	+18.5%	+20.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	17,473	4,172	4,048	3,039	74.8	23.9	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	8,867	1,310	1,121	820	20.2	14.8	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	11,048	1,603	1,447	1,044	25.7	14.5	Apr 12, 2024	J-GAAP
Mar - May, 2024	9,793	1,284	994	731	18.0	13.1	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	20,682	6,400	6,394	4,162	103.2	30.9	Oct 15, 2024	J-GAAP
YoY	+18.4%	+53.4%	+58.0%	+37.0%	+38.0%