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GOLDWIN INC., First Half Ordinary Profit Unexpectedly Revised Upward by 8%

Thu Nov 7, 2024 10:00 am JST Earnings

8111 GOLDWIN INC. 【J-GAAP】

Earnings Report

GOLDWIN INC. <8111> [TSE-P] announced its financial results in the morning on November 7th (10:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 8.0% from the same period last year, reaching 9.91 billion yen, resulting in an increase in profits compared to the previous forecast of a 12.9% decrease.

The progress rate against the 25.9 billion yen full-year plan was 38.3%, exceeding the five-year average of 22.9%.

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 drop by 31.8% from the same period last year to 15.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 13.0% from the same period last year, reaching 5.65 billion yen. However, the operating profit margin decreased from 13.6% in the same period last year to 11.7%.

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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 45,309 5,277 7,452 5,844 43.2 26.5 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 51,096 6,070 9,180 7,323 54.2 28.2 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 53,367 5,214 9,917 7,865 58.3 38.3 Nov 7, 2024 J-GAAP
YoY +4.4% -14.1% +8.0% +7.4% +7.7%

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 52,800 4,100 8,000 6,600 48.9 13.33 Aug 6, 2024 J-GAAP
Apr - Sep, 2024 Results 53,367 5,214 9,917 7,865 58.3 13.33 Nov 7, 2024 J-GAAP
Revision Rate +1.1% +27.2% +24.0% +19.2% +19.3%

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 75,811 17,777 23,421 16,958 125.5 44 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 79,833 12,886 15,983 13,135 98.8 41 Nov 7, 2024 J-GAAP
YoY +5.3% -27.5% -31.8% -22.5% -21.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 115,052 21,904 28,083 20,977 155.2 36.67 May 12, 2023 J-GAAP
Mar, 2024 126,907 23,847 32,601 24,281 179.7 54 May 14, 2024 J-GAAP
Mar, 2025 Guidance 133,200 18,100 25,900 21,000 157.9 54.33 May 14, 2024 J-GAAP
YoY +5.0% -24.1% -20.6% -13.5% -12.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 27,946 3,807 5,008 3,976 29.4 13.6 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 43,736 13,119 14,396 10,251 75.8 30.0 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 32,075 4,658 9,025 6,707 49.6 14.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 24,601 1,839 4,258 3,660 27.2 7.5 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 28,766 3,375 5,659 4,205 31.2 11.7 Nov 7, 2024 J-GAAP
YoY +2.9% -11.3% +13.0% +5.8% +6.0%

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