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Wacom Co.,Ltd., First Half Ordinary Profit Decreases by 4%, July-September Ordinary Profit Decreases by 51%

Wed Oct 30, 2024 3:00 pm JST Earnings

6727 Wacom Co.,Ltd. 【J-GAAP】

Earnings Report

Wacom Co.,Ltd. <6727> [TSE-P] announced its financial results after the market closed on October 30th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 4.1% from the same period last year to 4.78 billion yen. The progress rate against the 8.5 billion yen full-year plan was 56.3%, below the five-year average of 71.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 23.6% from the same period last year to 3.71 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 1.14 billion yen, a 51.1% decrease compared to the same period last year. However, the operating profit margin drastically improved from 5.1% in the same period last year to 10.5%.

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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
Apr - Sep, 2022 54,138 2,284 4,203 3,231 20.4 146.5 Nov 1, 2022 J-GAAP
Apr - Sep, 2023 55,591 2,457 4,990 3,804 24.4 50.6 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 57,315 5,475 4,785 3,470 24.2 56.3 Oct 30, 2024 J-GAAP
YoY +3.1% +122.8% -4.1% -8.8% -0.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 0 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 57,315 5,475 4,785 3,470 24.2 0 Oct 30, 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
Oct - Mar, 2023 63,204 4,601 4,863 758 4.9 20 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 62,685 3,025 3,715 2,730 20.3 20 Oct 30, 2024 J-GAAP
YoY -0.8% -34.3% -23.6% +260.2% +312.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 112,730 2,013 2,868 1,792 11.3 20 May 11, 2023 J-GAAP
Mar, 2024 118,795 7,058 9,853 4,562 29.6 20 May 9, 2024 J-GAAP
Mar, 2025 Guidance 120,000 8,500 8,500 6,200 46.1 20 May 9, 2024 J-GAAP
YoY +1.0% +20.4% -13.7% +35.9% +55.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 31,451 1,610 2,333 1,745 11.2 5.1 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 33,560 2,812 1,666 1,089 7.0 8.4 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 29,644 1,789 3,197 -331 -2.2 6.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 29,174 2,525 3,643 2,683 18.5 8.7 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 28,141 2,950 1,142 787 5.5 10.5 Oct 30, 2024 J-GAAP
YoY -10.5% +83.2% -51.1% -54.9% -50.9%

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