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WACOAL HOLDINGS CORP., The Current Fiscal Year Net Income Revised Upward by 41%

Mon Nov 11, 2024 4:00 pm JST Earnings

3591 WACOAL HOLDINGS CORP. 【IFRS】

Earnings Report

WACOAL HOLDINGS CORP. <3591> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 11th (16:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 8.77 billion yen (compared to a loss of 4.4 billion yen in the same period last year), exceeded the previous forecast of 2.2 billion yen.

In addition, the full-year consolidated net income has been revised upward by 40.6%, from the previous forecast of 3.2 billion yen to 4.5 billion yen (compared to a loss of 8.63 billion yen in the previous period).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net loss for the October to March period (second half) is expected to nearly flat at loss of 4.27 billion yen (compared to a loss of 4.22 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a profit of profit of 5.73 billion yen (compared to a loss of 7.24 billion yen in the same period last year). The operating profit/loss margin drastically improved from -13.2% in the same period last year to 19.1%.

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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 97,506 4,001 5,881 4,218 69.2 ー Nov 11, 2022 IFRS
Apr - Sep, 2023 95,130 -3,384 -2,739 -4,404 -76.1 ー Nov 9, 2023 IFRS
Apr - Sep, 2024 90,167 11,551 12,815 8,773 159.7 185.7 Nov 11, 2024 IFRS
YoY -5.2% － － － －

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 92,400 2,200 3,300 2,200 40.2 50 May 15, 2024 IFRS
Apr - Sep, 2024 Results 90,167 11,551 12,815 8,773 159.7 50 Nov 11, 2024 IFRS
Revision Rate -2.4% +425.0% +288.3% +298.8% +297.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 183,000 2,000 3,800 3,200 61.5 100 May 15, 2024 IFRS
Mar, 2025 New 181,000 4,800 6,900 4,500 86.5 100 Nov 11, 2024 IFRS
Revision Rate -1.1% +140.0% +81.6% +40.6% +40.6%

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 92,078 -6,119 -5,551 -4,228 -74.3 50 May 15, 2024 IFRS
Oct - Mar, 2024 Guidance 90,833 -6,751 -5,915 -4,273 -82.2 50 Nov 11, 2024 IFRS
YoY -1.4% -10.3% -6.6% -1.1% -10.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 188,592 -3,490 -699 -1,643 -27.4 80 May 12, 2023 IFRS
Mar, 2024 187,208 -9,503 -8,290 -8,632 -151.6 100 May 15, 2024 IFRS
Mar, 2025 Guidance 181,000 4,800 6,900 4,500 86.5 100 Nov 11, 2024 IFRS
YoY -3.3% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 46,341 -6,111 -6,743 -7,248 -125.2 -13.2 Nov 9, 2023 IFRS
Oct - Dec, 2023 46,277 1,403 1,196 501 8.7 3.0 Feb 9, 2024 IFRS
Jan - Mar, 2024 45,801 -7,522 -6,747 -4,729 -83.1 -16.4 May 15, 2024 IFRS
Apr - Jun, 2024 46,462 3,206 4,268 3,038 55.2 6.9 Aug 7, 2024 IFRS
Jul - Sep, 2024 43,705 8,345 8,547 5,735 104.4 19.1 Nov 11, 2024 IFRS
YoY -5.7% － － － －

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