WASEDA ACADEMY CO.,LTD., First Half Ordinary Profit Increases by 6%, Current Fiscal Year Dividend Revised Upward by 10 yen

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Thu Oct 31, 2024 3:00 pm JST Earnings

4718 WASEDA ACADEMY CO.,LTD. 【J-GAAP】

Earnings Report

WASEDA ACADEMY CO.,LTD. <4718> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 6.4% from the same period last year, reaching 1.49 billion yen. However, The progress rate against the 3 billion yen full-year plan was 49.8%, almost the same as the five-year average of 48.2%.

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 2.5% from the same period last year to 1.5 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 45 yen to 55 yen (compared to 40 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 16.0% from the same period last year, reaching 1.87 billion yen. The operating profit margin rose from 16.6% in the same period last year to 18.1%.

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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	14,828	1,096	1,109	690	36.6	45.6	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	15,981	1,373	1,406	1,003	53.1	47.6	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	16,972	1,499	1,496	914	49.2	49.8	Oct 31, 2024	J-GAAP
YoY	+6.2%	+9.2%	+6.4%	-8.9%	-7.3%

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	16,972	1,499	1,496	914	50.1	15	Oct 25, 2024	J-GAAP
Apr - Sep, 2024 Results	16,972	1,499	1,496	914	49.2	15	Oct 31, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	-1.8%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	34,741	2,966	3,003	1,927	105.7	45	May 10, 2024	J-GAAP
Mar, 2025 New	34,741	2,966	3,003	1,927	105.7	55	Oct 31, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	16,886	1,516	1,545	1,129	59.7	30	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	17,769	1,467	1,507	1,013	55.5	40	Oct 31, 2024	J-GAAP
YoY	+5.2%	-3.2%	-2.5%	-10.3%	-7.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	30,728	2,400	2,431	1,553	82.4	24	May 11, 2023	J-GAAP
Mar, 2024	32,867	2,889	2,951	2,132	112.8	40	May 10, 2024	J-GAAP
Mar, 2025 Guidance	34,741	2,966	3,003	1,927	105.7	55	Oct 31, 2024	J-GAAP
YoY	+5.7%	+2.7%	+1.8%	-9.6%	-6.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	9,732	1,613	1,620	1,107	58.6	16.6	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	8,038	632	641	405	21.4	7.9	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	8,848	884	904	724	38.3	10.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	6,544	-384	-383	-353	-18.8	-5.9	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	10,428	1,883	1,879	1,267	68.3	18.1	Oct 31, 2024	J-GAAP
YoY	+7.2%	+16.7%	+16.0%	+14.5%	+16.5%