WealthNavi Inc., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 46%, July-September Ordinary Profit Decreases by 53%

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Thu Nov 14, 2024 3:30 pm JST Earnings

7342 WealthNavi Inc. 【J-GAAP】

Earnings Report

WealthNavi Inc. <7342> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 46.5% from the same period last year to 282 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit significantly dropped to 161 million yen, a 52.5% decrease compared to the same period last year. The operating profit margin sharply declined from 15.6% in the same period last year to 5.8%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	4,807	135	141	138	2.9	65.9	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	5,893	529	527	361	7.4	101.5	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	8,117	523	282	233	4.1	ー	Nov 14, 2024	J-GAAP
YoY	+37.7%	-1.1%	-46.5%	-35.5%	-44.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	4,457	335	331	218	4.5	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	5,964	177	ー	ー	－	0	Aug 9, 2024	J-GAAP
YoY	+33.8%	-47.2%	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	6,573	209	214	289	6.1	0	Feb 10, 2023	J-GAAP
Dec, 2023	8,167	523	519	375	7.7	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	11,187	531	ー	ー	－	0	Aug 9, 2024	J-GAAP
YoY	+37.0%	+1.5%	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,183	341	339	204	4.2	15.6	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,274	-6	-8	14	0.3	-0.3	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,478	88	-142	-120	-2.3	3.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,745	266	263	219	4.0	9.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,894	169	161	134	2.4	5.8	Nov 14, 2024	J-GAAP
YoY	+32.6%	-50.4%	-52.5%	-34.3%	-43.5%