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WOOD FRIENDS, The Current Fiscal Year Net Income Loss Widened in Downward Revision, 41% Deficit Against Net Assets

Thu Apr 10, 2025 3:30 pm JST Earnings

8886 WOOD FRIENDS CO.,Ltd. 【J-GAAP】

Earnings Report

WOOD FRIENDS CO.,Ltd. <8886> [TSE Std] announced its financial results after the market closed on April 10th (15:30). The consolidated net loss for the cumulative third quarter of the fiscal year ending May 2025 (June 2024 to February 2025) was a reduced loss of 1.78 billion yen (compared to a loss of 1.99 billion yen in the same period last year).

However, the full-year consolidated net income/loss has been revised downward from an expected loss of 1.13 billion yen to a loss of 2.05 billion yen (compared to a loss of 2.36 billion yen in the previous period), indicating an expansion in the loss margin The deficit amounted to a 40.9% impairment of net assets at the end of the previous fiscal year..

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the December to May period (2H) has been revised downward from an expected profit of 0 billion yen to a loss of 0.92 billion yen (compared to a loss of 0.71 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from December to February (3Q), the consolidated net loss expanded to a loss of 0.65 billion yen (compared to a loss of 0.34 billion yen in the same period last year). The operating profit/loss margin drastically worsened from -3.4% in the same period last year to -12.4%.

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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
Jun - Feb, 2022 32,076 370 -66 -94 -64.9 ー Apr 13, 2023 J-GAAP
Jun - Feb, 2023 24,749 -1,532 -1,791 -1,990 -1,365.3 ー Apr 10, 2024 J-GAAP
Jun - Feb, 2024 15,901 -1,533 -1,684 -1,788 -1,226.7 ー Apr 10, 2025 J-GAAP
YoY -35.8% -0.1% +6.0% +10.2% +10.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 Prev 13,367 45 38 4 2.7 0 Jan 10, 2025 J-GAAP
Dec - May, 2024 New 11,308 -640 -822 -925 -634.4 0 Apr 10, 2025 J-GAAP
Revision Rate -15.4% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2025 Prev 24,660 -915 -1,025 -1,130 -775.0 0 Jan 10, 2025 J-GAAP
May, 2025 New 22,601 -1,600 -1,885 -2,059 -1,412.1 0 Apr 10, 2025 J-GAAP
Revision Rate -8.3% -74.9% -83.9% -82.2% -82.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 15,078 -438 -583 -717 -491.9 0 Jul 11, 2024 J-GAAP
Dec - May, 2024 Guidance 11,308 -640 -822 -925 -634.4 0 Apr 10, 2025 J-GAAP
YoY -25.0% -46.1% -41.0% -29.0% -29.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 43,750 547 -2 -230 -158.2 0 Jul 14, 2023 J-GAAP
May, 2024 33,221 -1,746 -2,070 -2,367 -1,623.8 0 Jul 11, 2024 J-GAAP
May, 2025 Guidance 22,601 -1,600 -1,885 -2,059 -1,412.1 0 Apr 10, 2025 J-GAAP
YoY -32.0% +8.4% +8.9% +13.0% +13.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2023 6,606 -224 -304 -340 -233.3 -3.4 Apr 10, 2024 J-GAAP
Mar - May, 2024 8,472 -214 -279 -377 -258.6 -2.5 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 4,813 -561 -623 -665 -456.7 -11.7 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 6,480 -399 -440 -469 -321.7 -6.2 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 4,608 -573 -621 -654 -448.7 -12.4 Apr 10, 2025 J-GAAP
YoY -30.2% -155.8% -104.3% -92.4% -92.3%

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