WAVELOCK HOLDINGS CO.,LTD., July-September (2Q) Ordinary Profit Increases by 51%

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Thu Oct 31, 2024 3:30 pm JST Earnings

7940 WAVELOCK HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

WAVELOCK HOLDINGS CO.,LTD. <7940> [TSE-S] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 5.3% from the same period last year to 604 million yen. However, The progress rate against the 660 million yen full-year plan was 91.5%, also surpassing the five-year average of 77.9%.

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 expand by 47.4% from the same period last year, reaching 56 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 51.3% from the same period last year, reaching 177 million yen. The operating profit/loss margin improved from -0.5% in the same period last year to 1.2%.

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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	11,427	448	655	2,289	271.4	91.2	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	11,774	476	638	427	50.6	94.4	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	12,871	289	604	403	47.8	91.5	Oct 31, 2024	J-GAAP
YoY	+9.3%	-39.3%	-5.3%	-5.6%	-5.6%

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	12,000	200	450	340	40.3	15	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	12,871	289	604	403	47.8	15	Oct 31, 2024	J-GAAP
Revision Rate	+7.3%	+44.5%	+34.2%	+18.5%	+18.6%

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	11,785	-89	38	29	3.4	15	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	12,629	131	56	37	4.4	15	Oct 31, 2024	J-GAAP
YoY	+7.2%	－	+47.4%	+27.6%	+27.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	22,584	346	718	2,321	275.2	30	May 12, 2023	J-GAAP
Mar, 2024	23,559	387	676	456	54.1	30	May 10, 2024	J-GAAP
Mar, 2025 Guidance	25,500	420	660	440	52.1	30	May 10, 2024	J-GAAP
YoY	+8.2%	+8.5%	-2.4%	-3.5%	-3.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,646	-27	117	121	14.4	-0.5	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	5,532	-4	154	114	13.5	-0.1	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	6,253	-85	-116	-85	-10.1	-1.4	May 10, 2024	J-GAAP
Apr - Jun, 2024	6,499	214	427	291	34.5	3.3	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	6,372	75	177	112	13.3	1.2	Oct 31, 2024	J-GAAP
YoY	+12.9%	－	+51.3%	-7.4%	-7.4%