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West Holdings corporation, 20% Increase in Ordinary Profit, Update Record High for Second Consecutive Term

Tue Oct 15, 2024 10:00 am JST Earnings

1407 West Holdings corporation 【J-GAAP】

Earnings Report

West Holdings corporation <1407> [TSE-S] announced its financial results in the morning on October 15th (10:00). The consolidated ordinary profit for the fiscal year ending August 2024 increased by 24.9% from the previous period to 9.95 billion yen. For the fiscal year ending August 2025, the profit is expected to grow by 19.7% to 11.9 billion yen, marking the second consecutive term of record-high profits. This will be the third consecutive term of profit growth.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit increased by 58.0% from the same period last year, reaching 6.39 billion yen. The operating profit margin rose from 23.9% in the same period last year to 30.9%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2022 67,169 7,770 7,293 4,257 104.7 55 Oct 14, 2022 J-GAAP
Aug, 2023 43,734 8,499 7,972 6,016 148.0 55 Oct 13, 2023 J-GAAP
Aug, 2024 50,390 10,597 9,956 6,757 167.5 65 Oct 15, 2024 J-GAAP
YoY +15.2% +24.7% +24.9% +12.3% +13.2%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 Guidance 50,390 10,597 9,956 6,727 166.7 65 Oct 9, 2024 J-GAAP
Aug, 2024 Results 50,390 10,597 9,956 6,757 167.5 65 Oct 15, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +0.4% +0.5%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 19,915 2,913 2,568 1,864 45.8 0 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 16,710 2,659 2,097 1,242 31.3 0 Oct 15, 2024 J-GAAP
YoY -16.1% -8.7% -18.3% -33.4% -31.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2023 43,734 8,499 7,972 6,016 148.0 55 Oct 13, 2023 J-GAAP
Aug, 2024 50,390 10,597 9,956 6,757 167.5 65 Oct 15, 2024 J-GAAP
Aug, 2025 Guidance 56,418 13,221 11,921 8,010 202.0 65 Oct 15, 2024 J-GAAP
YoY +12.0% +24.8% +19.7% +18.5% +20.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 17,473 4,172 4,048 3,039 74.8 23.9 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 8,867 1,310 1,121 820 20.2 14.8 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 11,048 1,603 1,447 1,044 25.7 14.5 Apr 12, 2024 J-GAAP
Mar - May, 2024 9,793 1,284 994 731 18.0 13.1 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 20,682 6,400 6,394 4,162 103.2 30.9 Oct 15, 2024 J-GAAP
YoY +18.4% +53.4% +58.0% +37.0% +38.0%

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