WDB HOLDINGS CO.,LTD., First Half Ordinary Profit Decreases by 3%

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Fri Nov 8, 2024 4:00 pm JST Earnings

2475 WDB HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

WDB HOLDINGS CO.,LTD. <2475> [TSE-P] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 2.61 billion yen, a 2.5% decrease compared to the same period last year. The progress rate against the 4.77 billion yen full-year plan was 54.8%, also surpassing the five-year average of 49.7%.

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 2.15 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.28 billion yen, a 6.6% decrease compared to the same period last year. The operating profit margin decreased from 11.2% in the same period last year to 10.1%.

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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	23,712	2,848	2,891	1,697	86.0	51.5	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	24,654	2,658	2,680	1,484	75.6	48.7	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	25,633	2,603	2,613	1,324	67.5	54.8	Nov 8, 2024	J-GAAP
YoY	+4.0%	-2.1%	-2.5%	-10.8%	-10.7%

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	ー	ー	ー	ー	－	24	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	25,633	2,603	2,613	1,324	67.5	24	Nov 8, 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	24,643	2,810	2,825	2,064	105.1	43.50	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	26,167	2,147	2,157	1,646	83.8	36.50	Nov 8, 2024	J-GAAP
YoY	+6.2%	-23.6%	-23.6%	-20.3%	-20.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	47,602	5,508	5,614	3,540	179.8	51.50	May 12, 2023	J-GAAP
Mar, 2024	49,297	5,468	5,505	3,548	180.7	72.50	May 14, 2024	J-GAAP
Mar, 2025 Guidance	51,800	4,750	4,770	2,970	151.2	60.50	May 14, 2024	J-GAAP
YoY	+5.1%	-13.1%	-13.4%	-16.3%	-16.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	12,185	1,370	1,374	858	43.7	11.2	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	12,632	1,588	1,591	1,119	57.0	12.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	12,011	1,222	1,234	945	48.1	10.2	May 14, 2024	J-GAAP
Apr - Jun, 2024	12,895	1,320	1,329	551	28.1	10.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	12,738	1,283	1,284	773	39.4	10.1	Nov 8, 2024	J-GAAP
YoY	+4.5%	-6.4%	-6.6%	-9.9%	-9.9%