WirelessGate, 27% Decrease in Ordinary Profit for The Current Fiscal Year

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Thu Feb 13, 2025 3:30 pm JST Earnings

9419 WirelessGate, Inc. 【J-GAAP】

Earnings Report

WirelessGate, Inc. <9419> [TSE Std] announced its financial results after the market closed on February 13th (15:30). The ordinary profit (non-consolidated) for the fiscal year ending December 2024 expanded 33.8% from the previous period to 301 million yen. However, for the fiscal year ending December 2025, the profit is expected to decrease by 26.9% from the previous period to 220 million yen.

In the most recent three-month period, from October to December (4Q), the ordinary profit/loss turned to a loss of 2 million yen (compared to a profit of 75 million yen in the same period last year). The operating profit/loss margin drastically worsened from 3.5% in the same period last year to -0.1%.

Kabutan News

Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	8,531	191	1	26	2.4	0	Feb 14, 2023	J-GAAP
Dec, 2023	8,483	224	225	241	22.5	0	Feb 14, 2024	J-GAAP
Dec, 2024	8,462	305	301	283	26.2	0	Feb 13, 2025	J-GAAP
YoY	-0.2%	+36.2%	+33.8%	+17.4%	+16.7%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	8,500	300	300	300	27.6	0	Nov 13, 2024	J-GAAP
Dec, 2024 Results	8,462	305	301	283	26.2	0	Feb 13, 2025	J-GAAP
Revision Rate	-0.4%	+1.7%	+0.3%	-5.7%	-4.8%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	4,278	214	210	210	19.6	0	Aug 14, 2024	J-GAAP
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	0	Feb 13, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	8,483	224	225	241	22.5	0	Feb 14, 2024	J-GAAP
Dec, 2024	8,462	305	301	283	26.2	0	Feb 13, 2025	J-GAAP
Dec, 2025 Guidance	9,000	220	220	200	18.4	0	Feb 13, 2025	J-GAAP
YoY	+6.4%	-27.9%	-26.9%	-29.3%	-30.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,115	74	75	83	7.7	3.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,116	86	82	72	6.7	4.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	2,162	128	128	138	12.9	5.9	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	2,109	94	93	104	9.6	4.5	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	2,075	-3	-2	-31	-2.9	-0.1	Feb 13, 2025	J-GAAP
YoY	-1.9%	－	－	－	－