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

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

Kabutan News

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	60.1	100	May 15, 2024	IFRS
Mar, 2025 New	181,000	4,800	6,900	4,500	84.5	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	-80.3	50	Nov 11, 2024	IFRS
YoY	-1.4%	-10.3%	-6.6%	-1.1%	-8.1%

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	84.5	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%	－	－	－	－