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WORKMAN CO.,LTD., First Half Ordinary Profit Decreases by 1%, July-September Ordinary Profit Decreases by 0.1％

Tue Nov 5, 2024 3:00 pm JST Earnings

7564 WORKMAN CO.,LTD. 【J-GAAP】

Earnings Report

WORKMAN CO.,LTD. <7564> [TSE-S] announced its financial results in the afternoon session on November 5th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 12.1 billion yen, a 0.7% decrease compared to the same period last year. The progress rate against the 24.1 billion yen full-year plan was 50.4%, almost the same as the five-year average of 48.2%.

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 October to March period (second half) is expected to grow by 5.1% from the same period last year, reaching 11.9 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit amounted to 4.99 billion yen, a 0.1% decrease compared to the same period last year. However, the operating profit margin rose from 16.1% in the same period last year to 17.0%.

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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 60,208 12,159 12,435 7,748 95.0 50.4 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 65,580 11,991 12,260 7,605 93.2 51.8 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 65,795 11,927 12,179 7,530 92.3 50.4 Nov 5, 2024 J-GAAP
YoY +0.3% -0.5% -0.7% -1.0% -1.0%

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 66,455 11,113 11,388 7,064 86.6 0 May 7, 2024 J-GAAP
Apr - Sep, 2024 Results 65,795 11,927 12,179 7,530 92.3 0 Nov 5, 2024 J-GAAP
Revision Rate -1.0% +7.3% +6.9% +6.6% +6.6%

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 67,071 11,151 11,406 8,381 102.7 68 May 7, 2024 J-GAAP
Oct - Mar, 2024 Guidance 72,769 11,705 11,988 8,795 107.8 68 Nov 5, 2024 J-GAAP
YoY +8.5% +5.0% +5.1% +4.9% +4.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 128,289 24,106 24,664 16,656 204.1 68 May 8, 2023 J-GAAP
Mar, 2024 132,651 23,142 23,666 15,986 195.9 68 May 7, 2024 J-GAAP
Mar, 2025 Guidance 138,564 23,632 24,167 16,325 200.0 68 May 7, 2024 J-GAAP
YoY +4.5% +2.1% +2.1% +2.1% +2.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 30,275 4,880 4,996 3,040 37.3 16.1 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 40,582 8,687 8,826 5,481 67.2 21.4 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 26,489 2,464 2,580 2,900 35.5 9.3 May 7, 2024 J-GAAP
Apr - Jun, 2024 37,049 7,034 7,189 4,510 55.3 19.0 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 28,746 4,893 4,990 3,020 37.0 17.0 Nov 5, 2024 J-GAAP
YoY -5.1% +0.3% -0.1% -0.7% -0.6%

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