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With us Corp, The Current Fiscal Year Ordinary Profit Revised Downward by 9%

Thu Feb 13, 2025 3:40 pm JST Earnings

9696 With us Corporation 【J-GAAP】

Earnings Report

With us Corporation <9696> [TSE Std] announced its financial results after the market closed on February 13th (15:40). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 17.3% from the same period last year to 1.06 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 9.1%, from the previous forecast of 2.2 billion yen to 2 billion yen (compared to 1.95 billion yen in the previous period), leading to a reduction in the profit growth rate from 12.7% to 2.5%.

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 12.4%, from the previous forecast of 1.61 billion yen to 1.41 billion yen (compared to 1.28 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 25.8% to 10.1%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.47 billion yen, a 22.9% decrease compared to the same period last year. The operating profit margin decreased from 11.5% in the same period last year to 8.4%.

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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
Apr - Dec, 2022 14,431 1,502 1,571 968 104.8 72.9 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 15,040 1,285 1,282 761 84.6 65.7 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 15,864 1,070 1,060 516 57.1 53.0 Feb 13, 2025 J-GAAP
YoY +5.5% -16.7% -17.3% -32.2% -32.5%

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 11,077 1,503 1,611 886 98.0 40 Nov 13, 2024 J-GAAP
Oct - Mar, 2024 New 11,077 1,303 1,411 636 70.3 40 Feb 13, 2025 J-GAAP
Revision Rate 0.0% -13.3% -12.4% -28.2% -28.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 21,300 2,100 2,200 1,200 132.7 60 May 13, 2024 J-GAAP
Mar, 2025 New 21,300 1,900 2,000 950 105.0 60 Feb 13, 2025 J-GAAP
Revision Rate 0.0% -9.5% -9.1% -20.8% -20.8%

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 10,975 1,298 1,281 542 81.4 50 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,077 1,303 1,411 636 70.3 40 Feb 13, 2025 J-GAAP
YoY +0.9% +0.4% +10.1% +17.3% -13.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 19,856 2,122 2,155 589 64.2 30 May 12, 2023 J-GAAP
Mar, 2024 20,690 1,969 1,952 904 135.7 60 May 13, 2024 J-GAAP
Mar, 2025 Guidance 21,300 1,900 2,000 950 105.0 60 Feb 13, 2025 J-GAAP
YoY +2.9% -3.5% +2.5% +5.1% -22.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 5,325 614 611 399 44.3 11.5 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 5,650 684 670 143 21.5 12.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 4,702 -6 4 -60 -6.7 -0.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 5,521 603 585 374 41.4 10.9 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 5,641 473 471 202 22.4 8.4 Feb 13, 2025 J-GAAP
YoY +5.9% -23.0% -22.9% -49.4% -49.6%

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