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WARABEYA NICHIYO, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 2%, Exceeds Full-Year Plan

Thu Jan 9, 2025 3:30 pm JST Earnings

2918 WARABEYA NICHIYO HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

WARABEYA NICHIYO HOLDINGS CO.,LTD. <2918> [TSE Prime] announced its financial results after the market closed on January 9th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) was 5.73 billion yen, a 2.0% decrease compared to the same period last year. The progress rate toward the full-year plan of 3.8 billion yen is 151.0%, already exceeding the target and also exceeding the five-year average of 96.0%.

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/loss for the December to February period (4Q) is expected to turn into a loss of 1.93 billion yen (compared to a profit of 0.96 billion yen in the same period last year).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit grew 13.0% from the same period last year, reaching 1.12 billion yen. The operating profit margin remained almost flat, changing from 1.9% in the same period last year to 2.0%.

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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
Mar - Nov, 2022 147,171 4,659 4,317 2,365 135.4 93.3 Jan 10, 2023 J-GAAP
Mar - Nov, 2023 153,184 5,464 5,858 3,467 198.6 85.8 Jan 11, 2024 J-GAAP
Mar - Nov, 2024 169,283 5,351 5,738 3,639 208.4 151.0 Jan 9, 2025 J-GAAP
YoY +10.5% -2.1% -2.0% +5.0% +4.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 103,998 1,889 1,962 1,515 86.8 45 Apr 11, 2024 J-GAAP
Sep - Feb, 2024 Guidance 108,864 -656 -813 -807 -46.2 45 Oct 8, 2024 J-GAAP
YoY +4.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 194,416 4,985 4,628 2,810 160.9 65 Apr 11, 2023 J-GAAP
Feb, 2024 207,009 6,380 6,824 4,273 244.7 90 Apr 11, 2024 J-GAAP
Feb, 2025 Guidance 222,500 3,600 3,800 2,000 114.5 90 Oct 8, 2024 J-GAAP
YoY +7.5% -43.6% -44.3% -53.2% -53.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 50,173 973 996 709 40.6 1.9 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 53,825 916 966 806 46.2 1.7 Apr 11, 2024 J-GAAP
Mar - May, 2024 54,720 2,219 2,378 1,494 85.6 4.1 Jul 9, 2024 J-GAAP
Jun - Aug, 2024 58,916 2,037 2,235 1,313 75.2 3.5 Oct 8, 2024 J-GAAP
Sep - Nov, 2024 55,647 1,095 1,125 832 47.6 2.0 Jan 9, 2025 J-GAAP
YoY +10.9% +12.5% +13.0% +17.3% +17.3%

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