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

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%.

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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
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%

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