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WATANABE SATO, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 65%, Oct-Dec Ordinary Profit Decreases by 17%

Fri Feb 7, 2025 1:00 pm JST Earnings

1807 WATANABE SATO CO., LTD. 【J-GAAP】

Earnings Report

WATANABE SATO CO., LTD. <1807> [TSE Std] announced its financial results in the afternoon session on February 7th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 65.2% from the same period last year to 0.33 billion yen. The progress rate toward the full-year plan of 1.85 billion yen was 18.1%, also falling below the five-year average of 51.3%.

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 expand 88.6% from the same period last year, reaching 1.51 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.59 billion yen, a 17.2% decrease compared to the same period last year. The operating profit margin worsened from 6.7% in the same period last year to 5.3%.

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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 22,974 -74 -52 -59 -9.8 ー Feb 10, 2023 J-GAAP
Apr - Dec, 2023 26,482 897 960 623 101.7 54.4 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 26,962 235 334 157 25.4 18.1 Feb 7, 2025 J-GAAP
YoY +1.8% -73.8% -65.2% -74.8% -75.1%

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 2,142 2,112 1,450 232.7 40 Nov 7, 2024 J-GAAP
YoY +7.1% +47.9% +38.6% +38.5% +36.7%

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 1,800 1,850 1,200 192.6 80 May 10, 2024 J-GAAP
YoY +4.2% +9.1% +4.9% -0.2% -1.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 10,373 695 720 468 76.4 6.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 11,918 753 804 579 94.2 6.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 7,228 -373 -309 -269 -43.3 -5.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 8,907 31 47 19 3.1 0.3 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 10,827 577 596 407 65.8 5.3 Feb 7, 2025 J-GAAP
YoY +4.4% -17.0% -17.2% -13.0% -13.9%

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