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

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%.

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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% － － － －

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