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

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% － － － －

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