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WOOD FRIENDS, The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

Fri Jan 10, 2025 3:30 pm JST Earnings

8886 WOOD FRIENDS CO.,Ltd. 【J-GAAP】

Earnings Report

WOOD FRIENDS CO.,Ltd. <8886> [TSE Std] announced its financial results after the market closed on January 10th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending May 2025 (June to November) was a reduced loss of 1.06 billion yen (compared to a loss of 1.48 billion yen in the same period last year).

However, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 0.23 billion yen to a loss of 1.02 billion yen (compared to a loss of 2.07 billion yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the December to May period (2H) is expected to turn into a profit of 0.03 billion yen (compared to a loss of 0.58 billion yen in the same period last year).

In the most recent three-month period, from September to November (2Q), the consolidated ordinary loss improved to a deficit of 0.44 billion yen (compared to a loss of 0.99 billion yen in the same period last year). The operating profit/loss margin significantly improved from -10.1% in the same period last year to -6.2%.

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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
Jun - Nov, 2022 22,588 256 -63 -99 -68.5 ー Jan 13, 2023 J-GAAP
Jun - Nov, 2023 18,143 -1,308 -1,487 -1,650 -1,132.3 ー Jan 11, 2024 J-GAAP
Jun - Nov, 2024 11,293 -960 -1,063 -1,134 -777.8 ー Jan 10, 2025 J-GAAP
YoY -37.8% +26.6% +28.5% +31.3% +31.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance 13,836 -60 -226 -241 -165.3 0 Jul 11, 2024 J-GAAP
Jun - Nov, 2024 Results 11,293 -960 -1,063 -1,134 -777.8 0 Jan 10, 2025 J-GAAP
Revision Rate -18.4% -1,500.0% -370.4% -370.5% -370.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2025 Prev 30,244 440 233 28 19.2 0 Jul 11, 2024 J-GAAP
May, 2025 New 24,660 -915 -1,025 -1,130 -775.0 0 Jan 10, 2025 J-GAAP
Revision Rate -18.5% － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 15,078 -438 -583 -717 -491.9 0 Jul 11, 2024 J-GAAP
Dec - May, 2024 Guidance 13,367 45 38 4 2.7 0 Jan 10, 2025 J-GAAP
YoY -11.3% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 43,750 547 -2 -230 -158.2 0 Jul 14, 2023 J-GAAP
May, 2024 33,221 -1,746 -2,070 -2,367 -1,623.8 0 Jul 11, 2024 J-GAAP
May, 2025 Guidance 24,660 -915 -1,025 -1,130 -775.0 0 Jan 10, 2025 J-GAAP
YoY -25.8% +47.6% +50.5% +52.3% +52.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 9,139 -920 -999 -1,118 -767.2 -10.1 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 6,606 -224 -304 -340 -233.3 -3.4 Apr 10, 2024 J-GAAP
Mar - May, 2024 8,472 -214 -279 -377 -258.6 -2.5 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 4,813 -561 -623 -665 -456.7 -11.7 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 6,480 -399 -440 -469 -321.7 -6.2 Jan 10, 2025 J-GAAP
YoY -29.1% +56.6% +56.0% +58.1% +58.1%

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