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WATANABE SATO, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 42% Decrease

Thu Feb 20, 2025 1:00 pm JST Revision

1807 WATANABE SATO CO., LTD. 【J-GAAP】

Guidance Update Report

WATANABE SATO CO., LTD. <1807> [TSE Std] announced a performance revision in the afternoon session on February 20th (13:00). The consolidated ordinary profit for the fiscal year ending March 2025 has decreased 44.3%, from the previous forecast of 1.85 billion yen to 1.03 billion yen (compared to 1.76 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 41.6% decrease in profit.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (2H) consolidated ordinary profit has decreased 38.8%, from the previous forecast of 2.11 billion yen to 1.29 billion yen (compared to 1.52 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 15.2% decrease in profit.

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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 23,865 2,142 2,112 1,450 232.7 40 Nov 7, 2024 J-GAAP
Oct - Mar, 2024 New 23,865 1,242 1,292 920 147.7 40 Feb 20, 2025 J-GAAP
Revision Rate 0.0% -42.0% -38.8% -36.6% -36.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 40,000 1,800 1,850 1,200 192.6 80 May 10, 2024 J-GAAP
Mar, 2025 New 40,000 900 1,030 670 107.5 80 Feb 20, 2025 J-GAAP
Revision Rate 0.0% -50.0% -44.3% -44.2% -44.2%

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 22,291 1,448 1,524 1,047 170.3 75 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 23,865 1,242 1,292 920 147.7 40 Feb 20, 2025 J-GAAP
YoY +7.1% -14.2% -15.2% -12.1% -13.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 34,656 616 709 446 73.4 50 May 11, 2023 J-GAAP
Mar, 2024 38,400 1,650 1,764 1,202 195.5 75 May 10, 2024 J-GAAP
Mar, 2025 Guidance 40,000 900 1,030 670 107.5 80 Feb 20, 2025 J-GAAP
YoY +4.2% -45.5% -41.6% -44.3% -45.0%

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