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WAIDA MFG.CO.,LTD., First Half Ordinary Profit Decreases by 35%

Mon Nov 11, 2024 4:10 pm JST Earnings

6158 WAIDA MFG.CO.,LTD. 【J-GAAP】

Earnings Report

WAIDA MFG.CO.,LTD. <6158> [TSE-S] announced its financial results after the market closed on November 11th (16:10). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 35.1% from the same period last year to 394 million yen. The progress rate against the 627 million yen full-year plan was 62.8%, also surpassing the five-year average of 48.4%.

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 significant drop by 51.8% from the same period last year to 233 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 339 million yen, a 22.1% decrease compared to the same period last year. The operating profit margin decreased from 19.1% in the same period last year to 17.4%.

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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 3,519 494 568 405 62.8 46.9 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 3,742 529 607 382 59.0 55.7 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 3,883 403 394 226 34.9 62.8 Nov 11, 2024 J-GAAP
YoY +3.8% -23.8% -35.1% -40.8% -40.9%

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 3,883 394 394 226 34.7 16 Nov 5, 2024 J-GAAP
Apr - Sep, 2024 Results 3,883 403 394 226 34.9 16 Nov 11, 2024 J-GAAP
Revision Rate 0.0% +2.3% 0.0% 0.0% +0.4%

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 3,796 440 483 345 53.3 20 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,647 177 233 156 24.0 16 Nov 11, 2024 J-GAAP
YoY -3.9% -59.8% -51.8% -54.8% -55.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,581 1,155 1,210 868 134.3 37 May 11, 2023 J-GAAP
Mar, 2024 7,538 969 1,090 727 112.2 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 7,530 580 627 382 58.7 32 Nov 5, 2024 J-GAAP
YoY -0.1% -40.1% -42.5% -47.5% -47.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,256 430 435 258 39.9 19.1 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 1,844 222 229 193 29.8 12.0 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 1,952 218 254 152 23.5 11.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,503 -11 55 17 2.7 -0.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 2,380 414 339 209 32.3 17.4 Nov 11, 2024 J-GAAP
YoY +5.5% -3.7% -22.1% -19.0% -19.0%

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