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With us Corporation, First Half Ordinary Profit Decreases by 12%

Wed Nov 13, 2024 3:40 pm JST Earnings

9696 With us Corporation 【J-GAAP】

Earnings Report

With us Corporation <9696> [TSE-S] announced its financial results after the market closed on November 13th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 12.2% from the same period last year to 589 million yen. The progress rate against the 2.2 billion yen full-year plan was 26.8%, also falling below the five-year average of 31.2%.

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 grow by 25.8% from the same period last year, reaching 1.61 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 585 million yen, a 2.0% decrease compared to the same period last year. The operating profit margin decreased from 11.8% in the same period last year to 10.9%.

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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 9,296 807 848 435 46.9 39.4 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 9,715 671 671 362 40.4 34.4 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 10,223 597 589 314 34.8 26.8 Nov 13, 2024 J-GAAP
YoY +5.2% -11.0% -12.2% -13.3% -13.8%

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 － 20 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 10,223 597 589 314 34.8 20 Nov 13, 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 10,975 1,298 1,281 542 81.4 50 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,077 1,503 1,611 886 98.0 40 Nov 13, 2024 J-GAAP
YoY +0.9% +15.8% +25.8% +63.5% +20.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 19,856 2,122 2,155 589 64.2 30 May 12, 2023 J-GAAP
Mar, 2024 20,690 1,969 1,952 904 135.7 60 May 13, 2024 J-GAAP
Mar, 2025 Guidance 21,300 2,100 2,200 1,200 132.7 60 May 13, 2024 J-GAAP
YoY +2.9% +6.7% +12.7% +32.7% -2.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,177 613 597 367 40.9 11.8 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 5,325 614 611 399 44.3 11.5 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 5,650 684 670 143 21.5 12.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 4,702 -6 4 -60 -6.7 -0.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 5,521 603 585 374 41.4 10.9 Nov 13, 2024 J-GAAP
YoY +6.6% -1.6% -2.0% +1.9% +1.3%

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