WEDS CO., LTD., July-September (2Q) Ordinary Profit Increases by 12%

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Tue Oct 29, 2024 4:30 pm JST Earnings

7551 WEDS CO., LTD. 【J-GAAP】

Earnings Report

WEDS CO., LTD. <7551> [TSE-S] announced its financial results after the market closed on October 29th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 6.5% from the same period last year to 549 million yen. The progress rate against the 2.2 billion yen full-year plan was 25.0%, almost the same as the five-year average of 25.9%.

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 October to March period (second half) is expected to decrease by 8.0% from the same period last year to 1.65 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 11.7% from the same period last year, reaching 468 million yen. The operating profit margin improved from 3.2% in the same period last year to 5.2%.

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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
Apr - Sep, 2022	15,646	670	811	456	28.5	28.9	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	14,612	396	587	326	20.4	24.7	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	14,958	510	549	310	19.3	25.0	Oct 29, 2024	J-GAAP
YoY	+2.4%	+28.8%	-6.5%	-4.9%	-5.1%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	14,200	370	400	220	13.7	10	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	14,958	510	549	310	19.3	10	Oct 29, 2024	J-GAAP
Revision Rate	+5.3%	+37.8%	+37.3%	+40.9%	+41.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	20,169	1,586	1,794	1,180	73.6	19	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	20,542	1,640	1,651	1,090	68.0	17	Oct 29, 2024	J-GAAP
YoY	+1.8%	+3.4%	-8.0%	-7.6%	-7.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	36,497	2,529	2,809	1,763	110.0	33	May 12, 2023	J-GAAP
Mar, 2024	34,781	1,982	2,381	1,506	93.9	29	May 10, 2024	J-GAAP
Mar, 2025 Guidance	35,500	2,150	2,200	1,400	87.3	27	May 10, 2024	J-GAAP
YoY	+2.1%	+8.5%	-7.6%	-7.0%	-7.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,883	249	419	236	14.8	3.2	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	13,093	1,357	1,546	1,013	63.2	10.4	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	7,076	229	248	167	10.4	3.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	6,678	77	81	35	2.2	1.2	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	8,280	433	468	275	17.2	5.2	Oct 29, 2024	J-GAAP
YoY	+5.0%	+73.9%	+11.7%	+16.5%	+16.3%