WATAMI , The Current Fiscal Year Ordinary Profit Revised Upward by 16%

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Fri Feb 14, 2025 3:00 pm JST Earnings

7522 WATAMI CO.,LTD. 【J-GAAP】

Earnings Report

WATAMI CO.,LTD. <7522> [TSE Prime] announced its financial results in the afternoon session on February 14th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 7.9% from the same period last year, reaching 5.04 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 15.7%, from the previous forecast of 4.6 billion yen to 5.32 billion yen (compared to 5.97 billion yen in the previous period), and the declining rate is expected to decrease from 23.0% to 10.9%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 26.5%, from the previous forecast of 2.71 billion yen to 3.43 billion yen (compared to 2.58 billion yen in the same period of the previous year), increasing the growth rate from 4.8% to 32.6%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.4 times that of the same period last year, reaching 3.15 billion yen. The operating profit margin improved from 7.2% in the same period last year to 7.7%.

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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	59,166	1,320	3,865	1,893	46.6	99.5	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	62,555	3,402	4,674	3,652	82.2	78.2	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	66,126	3,977	5,041	3,986	90.4	94.8	Feb 14, 2025	J-GAAP
YoY	+5.7%	+16.9%	+7.9%	+9.1%	+10.0%

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	44,714	1,885	2,714	2,263	56.5	10	Nov 14, 2024	J-GAAP
Oct - Mar, 2024 New	44,714	2,185	3,434	2,603	65.0	10	Feb 14, 2025	J-GAAP
Revision Rate	0.0%	+15.9%	+26.5%	+15.0%	+15.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	88,100	4,100	4,600	3,700	92.4	10	Aug 9, 2024	J-GAAP
Mar, 2025 New	88,100	4,400	5,320	4,040	100.8	10	Feb 14, 2025	J-GAAP
Revision Rate	0.0%	+7.3%	+15.7%	+9.2%	+9.2%

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	41,988	1,945	2,589	1,391	30.8	10	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	44,714	2,185	3,434	2,603	65.0	10	Feb 14, 2025	J-GAAP
YoY	+6.5%	+12.3%	+32.6%	+87.1%	+111.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	77,922	1,474	3,883	1,674	41.3	7.50	May 12, 2023	J-GAAP
Mar, 2024	82,302	3,753	5,974	4,190	92.7	10	May 13, 2024	J-GAAP
Mar, 2025 Guidance	88,100	4,400	5,320	4,040	100.8	10	Feb 14, 2025	J-GAAP
YoY	+7.0%	+17.2%	-10.9%	-3.6%	+8.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	22,241	1,594	1,289	853	19.2	7.2	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	19,747	351	1,300	538	11.9	1.8	May 13, 2024	J-GAAP
Apr - Jun, 2024	21,414	1,046	2,172	1,701	39.5	4.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	21,972	1,169	-286	-264	-5.5	5.3	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	22,740	1,762	3,155	2,549	57.8	7.7	Feb 14, 2025	J-GAAP
YoY	+2.2%	+10.5%	+144.8%	+198.8%	+201.3%