Writeup Co.,Ltd., First Half Ordinary Profit Increases by 17 times, Current Fiscal Year Dividend Revised to 16.89 yen

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Thu Nov 14, 2024 3:50 pm JST Earnings

6580 Writeup Co.,Ltd. 【J-GAAP】

Earnings Report

Writeup Co.,Ltd. <6580> [TSE-G] announced its financial results after the market closed on November 14th (15:50). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 17 times that of the previous period non-consolidated to 116 million yen. However, The progress rate against the 627 million yen full-year plan was 18.5%, almost the same as the five-year average of 21.4%.

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 expand by 66.4% from the same period last year, reaching 511 million yen.

At the same time, the company, which had previously planned no dividend for the current fiscal year, has decided to implement a year-end lump-sum dividend of 16.89 yen (compared to no dividend in the prior term).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 28 times that of the same period last year, reaching 199 million yen. The operating profit margin drastically improved from 1.3% in the same period last year to 19.3%.

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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	1,054	51	50	33	6.3	35.5	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	1,169	8	7	-4	-0.8	2.2	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	1,684	111	116	67	13.2	18.5	Nov 14, 2024	J-GAAP
YoY	+44.1%	+1,287.5%	+1,557.1%	－	－

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	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	1,684	111	116	67	13.2	0	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	4,343	631	627	437	85.3	0	May 15, 2024	J-GAAP
Mar, 2025 New	4,343	631	627	437	85.3	16.89	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	1,607	311	307	234	45.3	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,659	520	511	370	72.2	16.89	Nov 14, 2024	J-GAAP
YoY	+65.5%	+67.2%	+66.4%	+58.1%	+59.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,224	143	141	109	20.9	0	May 15, 2023	J-GAAP
Mar, 2024	2,776	319	314	230	44.5	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	4,343	631	627	437	85.3	16.89	Nov 14, 2024	J-GAAP
YoY	+56.4%	+97.8%	+99.7%	+90.0%	+91.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	604	8	7	-1	-0.2	1.3	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	666	71	71	43	8.5	10.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	941	240	236	191	37.0	25.5	May 15, 2024	J-GAAP
Apr - Jun, 2024	678	-83	-83	-75	-14.5	-12.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,006	194	199	142	27.9	19.3	Nov 14, 2024	J-GAAP
YoY	+66.6%	+2,325.0%	+2,742.9%	－	－