WATANABE SATO, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 65%, Oct-Dec Ordinary Profit Decreases by 17%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Feb 7, 2025 1:00 pm JST Earnings

1807 WATANABE SATO CO., LTD. 【J-GAAP】

Earnings Report

WATANABE SATO CO., LTD. <1807> [TSE Std] announced its financial results in the afternoon session on February 7th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 65.2% from the same period last year to 0.33 billion yen. The progress rate toward the full-year plan of 1.85 billion yen was 18.1%, also falling below the five-year average of 51.3%.

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 for the January to March period (4Q) is expected to expand 88.6% from the same period last year, reaching 1.51 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.59 billion yen, a 17.2% decrease compared to the same period last year. The operating profit margin worsened from 6.7% in the same period last year to 5.3%.

Kabutan News

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
Apr - Dec, 2022	22,974	-74	-52	-59	-9.8	ー	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	26,482	897	960	623	101.7	54.4	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	26,962	235	334	157	25.4	18.1	Feb 7, 2025	J-GAAP
YoY	+1.8%	-73.8%	-65.2%	-74.8%	-75.1%

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	22,291	1,448	1,524	1,047	170.3	75	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	23,865	2,142	2,112	1,450	232.7	40	Nov 7, 2024	J-GAAP
YoY	+7.1%	+47.9%	+38.6%	+38.5%	+36.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	34,656	616	709	446	73.4	50	May 11, 2023	J-GAAP
Mar, 2024	38,400	1,650	1,764	1,202	195.5	75	May 10, 2024	J-GAAP
Mar, 2025 Guidance	40,000	1,800	1,850	1,200	192.6	80	May 10, 2024	J-GAAP
YoY	+4.2%	+9.1%	+4.9%	-0.2%	-1.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	10,373	695	720	468	76.4	6.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	11,918	753	804	579	94.2	6.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	7,228	-373	-309	-269	-43.3	-5.2	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	8,907	31	47	19	3.1	0.3	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	10,827	577	596	407	65.8	5.3	Feb 7, 2025	J-GAAP
YoY	+4.4%	-17.0%	-17.2%	-13.0%	-13.9%