WATT MANN, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 4%

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Fri Feb 14, 2025 5:00 pm JST Earnings

9927 WATT MANN CO., LTD. 【J-GAAP】

Earnings Report

WATT MANN CO., LTD. <9927> [TSE Std] announced its financial results after the market closed on February 14th (17:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 4.0% from the same period last year, reaching 468 million yen. However, the progress rate toward the full-year plan of 732 million yen was 63.9%, almost the same as the five-year average of 62.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 28.2% from the same period last year, reaching 264 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 168 million yen, an increase of 1.2% compared to the same period last year. However, the operating profit margin worsened from 8.4% in the same period last year to 7.6%.

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	5,364	350	347	232	26.6	68.3	Feb 14, 2023	J-GAAP
Apr - Dec, 2023	5,800	447	450	289	33.1	68.6	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	6,200	460	468	275	31.5	63.9	Feb 14, 2025	J-GAAP
YoY	+6.9%	+2.9%	+4.0%	-4.8%	-4.9%

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	4,022	368	372	276	31.6	20	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,397	434	432	317	36.2	20	Nov 14, 2024	J-GAAP
YoY	+9.3%	+17.9%	+16.1%	+14.9%	+14.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,420	508	508	355	40.7	15	May 15, 2023	J-GAAP
Mar, 2024	7,851	649	656	459	52.6	20	May 15, 2024	J-GAAP
Mar, 2025 Guidance	8,430	730	732	510	58.3	20	May 15, 2024	J-GAAP
YoY	+7.4%	+12.5%	+11.6%	+11.1%	+10.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,971	166	166	106	12.2	8.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,051	202	206	170	19.5	9.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,015	169	172	111	12.7	8.4	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	2,018	127	128	82	9.4	6.3	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	2,167	164	168	82	9.4	7.6	Feb 14, 2025	J-GAAP
YoY	+9.9%	-1.2%	+1.2%	-22.6%	-22.6%