Watahan & Co.,Ltd., First Half Ordinary Profit Revised Upward by 39%, Full Year also Increased

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Fri Oct 25, 2024 4:00 pm JST Revision

3199 Watahan & Co.,Ltd. 【J-GAAP】

Guidance Update Report

Watahan & Co.,Ltd. <3199> [TSE-P] announced a performance revision after the market closed on October 25th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 39.3%, from the previous forecast of 1.28 billion yen to 1.78 billion yen (compared to 1.26 billion yen in the same period of the previous year), increasing the growth rate from 1.5% to 41.4%.

Following the strong performance in the first half, the full-year consolidated ordinary profit has been revised upward by 9.8%, from the previous forecast of 3.37 billion yen to 3.7 billion yen (compared to 3.23 billion yen in the previous period), increasing the growth rate from 4.1% to 14.3%, reaches new record high for the first time in four terms.

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Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	63,500	1,120	1,280	770	38.6	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 New	65,270	1,755	1,783	1,240	62.1	0	Oct 25, 2024	J-GAAP
Revision Rate	+2.8%	+56.7%	+39.3%	+61.0%	+61.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	132,000	3,170	3,370	1,900	95.2	24	May 10, 2024	J-GAAP
Mar, 2025 New	135,000	3,500	3,700	2,050	102.7	24	Oct 25, 2024	J-GAAP
Revision Rate	+2.3%	+10.4%	+9.8%	+7.9%	+7.9%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	61,978	1,032	1,261	766	38.5	0	Oct 31, 2023	J-GAAP
Apr - Sep, 2024 Guidance	65,270	1,755	1,783	1,240	62.1	0	Oct 25, 2024	J-GAAP
YoY	+5.3%	+70.1%	+41.4%	+61.9%	+61.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	134,299	2,402	3,057	1,653	83.2	22	May 12, 2023	J-GAAP
Mar, 2024	128,072	2,822	3,237	1,854	93.1	23	May 10, 2024	J-GAAP
Mar, 2025 Guidance	135,000	3,500	3,700	2,050	102.7	24	Oct 25, 2024	J-GAAP
YoY	+5.4%	+24.0%	+14.3%	+10.6%	+10.3%