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WAVELOCK HOLDINGS CO.,LTD., July-September (2Q) Ordinary Profit Increases by 51%

Thu Oct 31, 2024 3:30 pm JST Earnings

7940 WAVELOCK HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

WAVELOCK HOLDINGS CO.,LTD. <7940> [TSE-S] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 5.3% from the same period last year to 604 million yen. However, The progress rate against the 660 million yen full-year plan was 91.5%, also surpassing the five-year average of 77.9%.

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 expand by 47.4% from the same period last year, reaching 56 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 51.3% from the same period last year, reaching 177 million yen. The operating profit/loss margin improved from -0.5% in the same period last year to 1.2%.

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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 11,427 448 655 2,289 271.4 91.2 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 11,774 476 638 427 50.6 94.4 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 12,871 289 604 403 47.8 91.5 Oct 31, 2024 J-GAAP
YoY +9.3% -39.3% -5.3% -5.6% -5.6%

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 12,000 200 450 340 40.3 15 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 12,871 289 604 403 47.8 15 Oct 31, 2024 J-GAAP
Revision Rate +7.3% +44.5% +34.2% +18.5% +18.6%

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 11,785 -89 38 29 3.4 15 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 12,629 131 56 37 4.4 15 Oct 31, 2024 J-GAAP
YoY +7.2% － +47.4% +27.6% +27.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 22,584 346 718 2,321 275.2 30 May 12, 2023 J-GAAP
Mar, 2024 23,559 387 676 456 54.1 30 May 10, 2024 J-GAAP
Mar, 2025 Guidance 25,500 420 660 440 52.1 30 May 10, 2024 J-GAAP
YoY +8.2% +8.5% -2.4% -3.5% -3.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,646 -27 117 121 14.4 -0.5 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 5,532 -4 154 114 13.5 -0.1 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 6,253 -85 -116 -85 -10.1 -1.4 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,499 214 427 291 34.5 3.3 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 6,372 75 177 112 13.3 1.2 Oct 31, 2024 J-GAAP
YoY +12.9% － +51.3% -7.4% -7.4%

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