Wealth Management, Inc., First Half Net Income Loss Narrows, July-September Net Income Turns to Profit

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Mon Nov 11, 2024 4:00 pm JST Earnings

3772 Wealth Management, Inc. 【J-GAAP】

Earnings Report

Wealth Management, Inc. <3772> [TSE-S] announced its financial results after the market closed on November 11th (16:00). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 487 million yen (compared to a loss of 916 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease by 9.2% from the same period last year to 2.48 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a profit of profit of 545 million yen (compared to a loss of 472 million yen in the same period last year). The operating profit/loss margin drastically improved from -22.8% in the same period last year to 20.3%.

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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	1,173	-1,193	-1,532	-287	-16.8	ー	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	3,120	-704	-1,263	-916	-49.2	ー	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	5,765	-364	-1,054	-487	-25.5	ー	Nov 11, 2024	J-GAAP
YoY	+84.8%	+48.3%	+16.5%	+46.8%	+48.3%

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	－	－	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	5,765	-364	-1,054	-487	-25.5	0	Nov 11, 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	25,505	3,732	3,901	2,740	145.5	19	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	17,435	3,364	4,154	2,487	129.7	－	Nov 11, 2024	J-GAAP
YoY	-31.6%	-9.9%	+6.5%	-9.2%	-10.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,800	3,814	3,925	3,733	213.7	17	May 11, 2023	J-GAAP
Mar, 2024	28,625	3,028	2,638	1,824	96.9	19	May 10, 2024	J-GAAP
Mar, 2025 Guidance	23,200	3,000	3,100	2,000	104.3	－	Aug 14, 2024	J-GAAP
YoY	-19.0%	-0.9%	+17.5%	+9.6%	+7.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,532	-350	-650	-472	-25.4	-22.8	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,003	-212	-444	-310	-16.5	-10.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	23,502	3,944	4,345	3,050	162.0	16.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	1,899	-1,149	-1,476	-1,032	-54.1	-60.5	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	3,866	785	422	545	28.5	20.3	Nov 11, 2024	J-GAAP
YoY	+152.3%	－	－	－	－