WingArc1st, The Current Fiscal Year Net Income Revised Upward by 1%, Raises Record High Profit Forecast, Dividend Revised Upward by 20 yen

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Tue Jan 14, 2025 12:00 pm JST Earnings

4432 WingArc1st Inc. 【IFRS】

Earnings Report

WingArc1st Inc. <4432> [TSE Prime] announced its financial results (based on IFRS) at noon (12:00) on January 14th. The consolidated net income for the cumulative third quarter of the fiscal year ending February 2025 (March to November) increased 4.5% from the same period last year, reaching 4.7 billion yen.

In addition, the full-year consolidated net income has been revised upward 0.9%, from the previous forecast of 5.8 billion yen to 5.85 billion yen (compared to 5.41 billion yen in the previous period), increasing the growth rate from 7.2% to 8.1%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the September to February period (2H) is expected to increase 2.3%, from the previous forecast of 2.2 billion yen to 2.25 billion yen (compared to 2.01 billion yen in the same period of the previous year), increasing the growth rate from 9.3% to 11.8%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 84 yen to 104 yen (compared to 78.7 yen in the previous period).

In the most recent three-month period, from September to November (3Q), the consolidated net income amounted to 1.1 billion yen, an increase of 0.1% compared to the same period last year. However, the operating profit margin decreased from 24.8% in the same period last year to 23.3%.

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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	17,019	5,233	5,160	3,907	115.1	88.1	Jan 12, 2023	IFRS
Mar - Nov, 2023	19,684	6,255	6,250	4,499	131.6	85.6	Jan 12, 2024	IFRS
Mar - Nov, 2024	21,610	6,536	6,551	4,702	136.5	ー	Jan 14, 2025	IFRS
YoY	+9.8%	+4.5%	+4.8%	+4.5%	+3.7%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2024 Prev	12,725	3,036	ー	2,203	63.8	42	Oct 10, 2024	IFRS
Sep - Feb, 2024 New	13,625	3,136	ー	2,253	65.2	62	Jan 14, 2025	IFRS
Revision Rate	+7.1%	+3.3%	－	+2.3%	+2.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	27,600	8,000	ー	5,800	168.0	84	Apr 11, 2024	IFRS
Feb, 2025 New	28,500	8,100	ー	5,850	169.4	104	Jan 14, 2025	IFRS
Revision Rate	+3.3%	+1.3%	－	+0.9%	+0.9%

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	12,254	2,589	2,591	2,016	58.9	45.20	Apr 11, 2024	IFRS
Sep - Feb, 2024 Guidance	13,625	3,136	ー	2,253	65.2	62	Jan 14, 2025	IFRS
YoY	+11.2%	+21.1%	－	+11.8%	+10.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	22,349	5,945	5,860	4,401	129.5	43.10	Apr 13, 2023	IFRS
Feb, 2024	25,752	7,309	7,304	5,411	158.1	78.70	Apr 11, 2024	IFRS
Feb, 2025 Guidance	28,500	8,100	ー	5,850	169.4	104	Jan 14, 2025	IFRS
YoY	+10.7%	+10.8%	－	+8.1%	+7.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	6,186	1,535	1,537	1,104	32.3	24.8	Jan 12, 2024	IFRS
Dec - Feb, 2023	6,068	1,054	1,054	912	26.6	17.4	Apr 11, 2024	IFRS
Mar - May, 2024	7,120	2,413	2,405	1,748	50.8	33.9	Jul 11, 2024	IFRS
Jun - Aug, 2024	7,755	2,551	2,589	1,849	53.7	32.9	Oct 10, 2024	IFRS
Sep - Nov, 2024	6,735	1,572	1,557	1,105	32.1	23.3	Jan 14, 2025	IFRS
YoY	+8.9%	+2.4%	+1.3%	+0.1%	-0.7%