WAKACHIKU CONSTRUCTION, The Current Fiscal Year Ordinary Profit Revised Downward by 23%

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Wed Feb 12, 2025 4:00 pm JST Earnings

1888 WAKACHIKU CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

WAKACHIKU CONSTRUCTION CO.,LTD. <1888> [TSE Prime] announced its financial results after the market closed on February 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 47.2% from the same period last year to 2.92 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 23.0%, from the previous forecast of 6.1 billion yen to 4.7 billion yen (compared to 7.69 billion yen in the previous period), leading to an increase in the profit decline rate from 20.8% to 39.0%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 25.0%, from the previous forecast of 5.6 billion yen to 4.2 billion yen (compared to 4.22 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 0.6% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 17.3% from the same period last year, reaching 2.42 billion yen. The operating profit margin improved from 8.7% in the same period last year to 9.6%.

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	61,578	5,057	5,237	3,348	262.6	80.0	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	71,703	4,972	5,542	3,628	284.4	72.0	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	60,444	2,875	2,926	2,137	167.9	62.3	Feb 12, 2025	J-GAAP
YoY	-15.7%	-42.2%	-47.2%	-41.1%	-41.0%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	63,617	5,639	5,602	3,867	304.3	126	Nov 11, 2024	J-GAAP
Oct - Mar, 2024 New	52,517	4,239	4,202	3,067	241.4	126	Feb 12, 2025	J-GAAP
Revision Rate	-17.4%	-24.8%	-25.0%	-20.7%	-20.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	98,800	6,100	6,100	4,100	322.7	126	May 14, 2024	J-GAAP
Mar, 2025 New	87,700	4,700	4,700	3,300	259.7	126	Feb 12, 2025	J-GAAP
Revision Rate	-11.2%	-23.0%	-23.0%	-19.5%	-19.5%

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	48,561	4,221	4,227	2,831	222.0	120	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	52,517	4,239	4,202	3,067	241.4	126	Feb 12, 2025	J-GAAP
YoY	+8.1%	+0.4%	-0.6%	+8.3%	+8.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	84,004	6,236	6,546	5,442	426.8	100	May 12, 2023	J-GAAP
Mar, 2024	94,917	6,976	7,699	5,092	399.3	120	May 14, 2024	J-GAAP
Mar, 2025 Guidance	87,700	4,700	4,700	3,300	259.7	126	Feb 12, 2025	J-GAAP
YoY	-7.6%	-32.6%	-39.0%	-35.2%	-35.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	25,347	2,217	2,070	1,367	107.2	8.7	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	23,214	2,004	2,157	1,464	114.8	8.6	May 14, 2024	J-GAAP
Apr - Jun, 2024	16,698	20	137	32	2.6	0.1	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	18,485	441	361	201	15.8	2.4	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	25,261	2,414	2,428	1,904	149.6	9.6	Feb 12, 2025	J-GAAP
YoY	-0.3%	+8.9%	+17.3%	+39.3%	+39.6%