WORLD HOLDINGS CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 44%, July-September Ordinary Profit Decreases by 53%

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Fri Nov 8, 2024 3:30 pm JST Earnings

2429 WORLD HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

WORLD HOLDINGS CO.,LTD. <2429> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 44.2% from the same period last year to 4.29 billion yen. The progress rate against the 8.62 billion yen full-year plan was 49.8%, also falling below the five-year average of 69.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 69.0% from the same period last year, reaching 4.32 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 1.91 billion yen, a 52.7% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.7% in the same period last year to 3.3%.

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
Jan - Sep, 2022	132,346	6,621	6,736	3,883	222.3	75.4	Nov 10, 2022	J-GAAP
Jan - Sep, 2023	150,976	7,769	7,690	4,707	268.4	75.0	Nov 9, 2023	J-GAAP
Jan - Sep, 2024	171,533	4,390	4,293	1,958	110.5	49.8	Nov 8, 2024	J-GAAP
YoY	+13.6%	-43.5%	-44.2%	-58.4%	-58.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	123,281	6,680	6,606	4,191	238.9	106	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	141,280	6,645	6,241	4,001	223.6	80.90	Aug 6, 2024	J-GAAP
YoY	+14.6%	-0.5%	-5.5%	-4.5%	-6.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	183,640	8,929	8,933	5,341	305.5	91.50	Feb 14, 2023	J-GAAP
Dec, 2023	213,742	10,365	10,251	6,204	353.6	106	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	252,085	9,003	8,622	4,738	264.8	80.90	Feb 9, 2024	J-GAAP
YoY	+17.9%	-13.1%	-15.9%	-23.6%	-25.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	60,515	4,084	4,045	2,694	153.6	6.7	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	62,766	2,596	2,561	1,497	85.3	4.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	54,821	636	605	-121	-6.9	1.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	55,984	1,722	1,776	858	48.7	3.1	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	60,728	2,032	1,912	1,221	68.9	3.3	Nov 8, 2024	J-GAAP
YoY	+0.4%	-50.2%	-52.7%	-54.7%	-55.1%