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METAWATER Co.,Ltd., First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Loss Widens

Wed Oct 30, 2024 3:00 pm JST Earnings

9551 METAWATER Co.,Ltd. 【J-GAAP】

Earnings Report

METAWATER Co.,Ltd. <9551> [TSE-P] announced its financial results after the market closed on October 30th (15:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 2.53 billion yen (compared to a loss of 2.28 billion yen in the same period last year).

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 12.1% from the same period last year to 11.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 865 million yen (compared to a loss of 139 million yen in the same period last year). However, the operating profit/loss margin improved from -0.8% in the same period last year to -0.0%.

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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 46,730 -2,984 -1,919 -1,587 -36.4 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 53,011 -2,782 -2,280 -2,199 -50.5 Oct 26, 2023 J-GAAP
Apr - Sep, 2024 59,195 -2,069 -2,531 -2,492 -57.2 Oct 30, 2024 J-GAAP
YoY +11.7% +25.6% -11.0% -13.3% -13.3%

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 24 Apr 24, 2024 J-GAAP
Apr - Sep, 2024 Results 59,195 -2,069 -2,531 -2,492 -57.2 24 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 112,550 12,685 12,770 9,074 208.1 24 Apr 24, 2024 J-GAAP
Oct - Mar, 2024 Guidance 110,805 11,069 11,231 8,592 196.9 24 Oct 30, 2024 J-GAAP
YoY -1.6% -12.7% -12.1% -5.3% -5.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 150,716 8,688 9,068 6,252 143.5 42 Apr 26, 2023 J-GAAP
Mar, 2024 165,561 9,903 10,490 6,875 157.7 46 Apr 24, 2024 J-GAAP
Mar, 2025 Guidance 170,000 9,000 8,700 6,100 139.8 48 Apr 24, 2024 J-GAAP
YoY +2.7% -9.1% -17.1% -11.3% -11.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 31,850 -260 -139 -304 -7.0 -0.8 Oct 26, 2023 J-GAAP
Oct - Dec, 2023 37,719 2,873 2,602 1,760 40.4 7.6 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 74,831 9,812 10,168 7,314 167.7 13.1 Apr 24, 2024 J-GAAP
Apr - Jun, 2024 25,015 -2,068 -1,666 -1,578 -36.2 -8.3 Jul 25, 2024 J-GAAP
Jul - Sep, 2024 34,180 -1 -865 -914 -21.0 0.0 Oct 30, 2024 J-GAAP
YoY +7.3% +99.6% -522.3% -200.7% -200.7%

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