kabutan

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

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%.

Kabutan News

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%

Related Articles