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WILL GROUP, Oct-Dec (3Q) Net Income Increases by 3.8 times

Mon Feb 10, 2025 3:30 pm JST Earnings

6089 WILL GROUP,INC. 【IFRS】

Earnings Report

WILL GROUP,INC. <6089> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 10th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 28.6% from the same period last year to 1.11 billion yen. The progress rate toward the full-year plan of 1.64 billion yen was 68.0%, also falling below the five-year average of 72.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to significant drop 56.8% from the same period last year to 0.52 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 3.8 times that of the same period last year, reaching 0.61 billion yen. However, the operating profit margin remained almost flat, changing from 2.2% in the same period last year to 2.2%.

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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 108,613 3,867 3,749 2,281 101.0 72.9 Feb 8, 2023 IFRS
Apr - Dec, 2023 103,917 2,795 2,719 1,564 68.9 61.6 Feb 7, 2024 IFRS
Apr - Dec, 2024 105,353 1,792 1,692 1,116 49.0 77.3 Feb 10, 2025 IFRS
YoY +1.4% -35.9% -37.8% -28.6% -28.9%

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 68,951 2,506 2,331 1,376 60.6 44 May 13, 2024 IFRS
Oct - Mar, 2024 Guidance 70,077 1,281 1,323 1,134 49.6 44 Nov 8, 2024 IFRS
YoY +1.6% -48.9% -43.2% -17.6% -18.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 143,932 5,318 5,146 3,236 143.2 44 May 11, 2023 IFRS
Mar, 2024 138,227 4,525 4,417 2,778 122.4 44 May 13, 2024 IFRS
Mar, 2025 Guidance 140,400 2,290 2,190 1,640 71.8 44 May 13, 2024 IFRS
YoY +1.6% -49.4% -50.4% -41.0% -41.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 34,641 776 633 162 7.1 2.2 Feb 7, 2024 IFRS
Jan - Mar, 2024 34,310 1,730 1,698 1,214 53.5 5.0 May 13, 2024 IFRS
Apr - Jun, 2024 35,052 177 125 69 3.1 0.5 Aug 8, 2024 IFRS
Jul - Sep, 2024 35,271 832 742 437 19.2 2.4 Nov 8, 2024 IFRS
Oct - Dec, 2024 35,030 783 825 610 26.8 2.2 Feb 10, 2025 IFRS
YoY +1.1% +0.9% +30.3% +276.5% +274.9%

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