WARABEYA NICHIYO, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 2%, Exceeds Full-Year Plan

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Thu Jan 9, 2025 3:30 pm JST Earnings

2918 WARABEYA NICHIYO HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

WARABEYA NICHIYO HOLDINGS CO.,LTD. <2918> [TSE Prime] announced its financial results after the market closed on January 9th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) was 5.73 billion yen, a 2.0% decrease compared to the same period last year. The progress rate toward the full-year plan of 3.8 billion yen is 151.0%, already exceeding the target and also exceeding the five-year average of 96.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the December to February period (4Q) is expected to turn into a loss of 1.93 billion yen (compared to a profit of 0.96 billion yen in the same period last year).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit grew 13.0% from the same period last year, reaching 1.12 billion yen. The operating profit margin remained almost flat, changing from 1.9% in the same period last year to 2.0%.

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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
Mar - Nov, 2022	147,171	4,659	4,317	2,365	135.4	93.3	Jan 10, 2023	J-GAAP
Mar - Nov, 2023	153,184	5,464	5,858	3,467	198.6	85.8	Jan 11, 2024	J-GAAP
Mar - Nov, 2024	169,283	5,351	5,738	3,639	208.4	151.0	Jan 9, 2025	J-GAAP
YoY	+10.5%	-2.1%	-2.0%	+5.0%	+4.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	103,998	1,889	1,962	1,515	86.8	45	Apr 11, 2024	J-GAAP
Sep - Feb, 2024 Guidance	108,864	-656	-813	-807	-46.2	45	Oct 8, 2024	J-GAAP
YoY	+4.7%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	194,416	4,985	4,628	2,810	160.9	65	Apr 11, 2023	J-GAAP
Feb, 2024	207,009	6,380	6,824	4,273	244.7	90	Apr 11, 2024	J-GAAP
Feb, 2025 Guidance	222,500	3,600	3,800	2,000	114.5	90	Oct 8, 2024	J-GAAP
YoY	+7.5%	-43.6%	-44.3%	-53.2%	-53.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	50,173	973	996	709	40.6	1.9	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	53,825	916	966	806	46.2	1.7	Apr 11, 2024	J-GAAP
Mar - May, 2024	54,720	2,219	2,378	1,494	85.6	4.1	Jul 9, 2024	J-GAAP
Jun - Aug, 2024	58,916	2,037	2,235	1,313	75.2	3.5	Oct 8, 2024	J-GAAP
Sep - Nov, 2024	55,647	1,095	1,125	832	47.6	2.0	Jan 9, 2025	J-GAAP
YoY	+10.9%	+12.5%	+13.0%	+17.3%	+17.3%