Wacom Co.,Ltd., First Half Ordinary Profit Decreases by 4%, July-September Ordinary Profit Decreases by 51%

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Wed Oct 30, 2024 3:00 pm JST Earnings

6727 Wacom Co.,Ltd. 【J-GAAP】

Earnings Report

Wacom Co.,Ltd. <6727> [TSE-P] announced its financial results after the market closed on October 30th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 4.1% from the same period last year to 4.78 billion yen. The progress rate against the 8.5 billion yen full-year plan was 56.3%, below the five-year average of 71.9%.

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 23.6% from the same period last year to 3.71 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 1.14 billion yen, a 51.1% decrease compared to the same period last year. However, the operating profit margin drastically improved from 5.1% in the same period last year to 10.5%.

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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	54,138	2,284	4,203	3,231	20.4	146.5	Nov 1, 2022	J-GAAP
Apr - Sep, 2023	55,591	2,457	4,990	3,804	24.4	50.6	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	57,315	5,475	4,785	3,470	24.2	56.3	Oct 30, 2024	J-GAAP
YoY	+3.1%	+122.8%	-4.1%	-8.8%	-0.6%

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	ー	ー	ー	ー	－	0	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	57,315	5,475	4,785	3,470	24.2	0	Oct 30, 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
Oct - Mar, 2023	63,204	4,601	4,863	758	4.9	20	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	62,685	3,025	3,715	2,730	19.5	20	Oct 30, 2024	J-GAAP
YoY	-0.8%	-34.3%	-23.6%	+260.2%	+297.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	112,730	2,013	2,868	1,792	11.3	20	May 11, 2023	J-GAAP
Mar, 2024	118,795	7,058	9,853	4,562	29.6	20	May 9, 2024	J-GAAP
Mar, 2025 Guidance	120,000	8,500	8,500	6,200	44.4	20	May 9, 2024	J-GAAP
YoY	+1.0%	+20.4%	-13.7%	+35.9%	+49.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	31,451	1,610	2,333	1,745	11.2	5.1	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	33,560	2,812	1,666	1,089	7.0	8.4	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	29,644	1,789	3,197	-331	-2.2	6.0	May 9, 2024	J-GAAP
Apr - Jun, 2024	29,175	2,525	3,643	2,684	18.5	8.7	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	28,140	2,950	1,142	786	5.5	10.5	Oct 30, 2024	J-GAAP
YoY	-10.5%	+83.2%	-51.1%	-55.0%	-50.9%