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WACUL.INC, First Half Ordinary Profit Decreases by 85%, June-Augus Ordinary Profit Decreases by 69%

Tue Oct 8, 2024 3:30 pm JST Earnings

4173 WACUL.INC 【J-GAAP】

Earnings Report

WACUL.INC <4173> [TSE-G] announced its financial results after the market closed on October 8th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) significantly dropped by 85.0% from the same period last year to 15 million yen. The progress rate against the 215 million yen full-year plan was 7.0%, also falling below the five-year average of 39.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to February period (second half) is expected to expand by 85.2% from the same period last year, reaching 200 million yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit significantly dropped to 10 million yen, a 68.8% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.4% in the same period last year to 1.9%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Aug, 2022 590 53 53 46 6.5 28.3 Oct 11, 2022 J-GAAP
Mar - Aug, 2023 849 96 100 87 12.3 48.1 Oct 10, 2023 J-GAAP
Mar - Aug, 2024 915 14 15 16 2.3 7.0 Oct 8, 2024 J-GAAP
YoY +7.8% -85.4% -85.0% -81.6% -81.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 0 Apr 11, 2024 J-GAAP
Mar - Aug, 2024 Results 915 14 15 16 2.3 0 Oct 8, 2024 J-GAAP
Revision Rate － － － － －

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 968 101 108 113 15.9 0 Apr 11, 2024 J-GAAP
Sep - Feb, 2024 Guidance 1,318 186 200 199 27.9 0 Oct 8, 2024 J-GAAP
YoY +36.2% +84.2% +85.2% +76.1% +75.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 1,349 184 187 192 27.2 0 Apr 12, 2023 J-GAAP
Feb, 2024 1,817 197 208 200 28.1 0 Apr 11, 2024 J-GAAP
Feb, 2025 Guidance 2,233 200 215 215 30.1 0 Apr 11, 2024 J-GAAP
YoY +22.9% +1.5% +3.4% +7.5% +7.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 424 27 32 30 4.2 6.4 Oct 10, 2023 J-GAAP
Sep - Nov, 2023 452 26 26 21 3.0 5.8 Jan 9, 2024 J-GAAP
Dec - Feb, 2023 516 75 82 92 12.9 14.5 Apr 11, 2024 J-GAAP
Mar - May, 2024 453 5 5 0 -0.1 1.1 Jul 9, 2024 J-GAAP
Jun - Aug, 2024 462 9 10 16 2.3 1.9 Oct 8, 2024 J-GAAP
YoY +9.0% -66.7% -68.8% -46.7% -46.3%

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