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WAVELOCK HOLDINGS, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 21% Decrease, Postponed Dividend for This Fiscal Year

Fri Oct 31, 2025 4:30 pm JST Earnings

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

Earnings Report

WAVELOCK HOLDINGS CO.,LTD. <7940> [TSE Std] announced its financial results after the market closed on October 31st (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 11.4% from the same period last year to 535 million yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 35.3%, from the previous forecast of 850 million yen to 550 million yen (compared to 697 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 21.1% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop 83.9% from the same period last year to 15 million yen.

At the same time, In conjunction with a Tender Offer Bid (TOB), the company has decided to forgo the annual dividend of 30 yen for the current fiscal year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 49 million yen, a 72.3% decrease compared to the same period last year. The operating profit margin worsened from 1.2% in the same period last year to 0.2%.

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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, 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 86.7 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 13,111 545 535 336 39.9 97.3 Oct 31, 2025 J-GAAP
YoY +1.9% +88.6% -11.4% -16.6% -16.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 13,500 630 570 400 47.4 15 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 13,111 545 535 336 39.9 0 Oct 31, 2025 J-GAAP
Revision Rate -2.9% -13.5% -6.1% -16.0% -15.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 26,500 850 850 580 68.7 30 May 9, 2025 J-GAAP
Mar, 2026 New 26,000 550 550 200 23.7 0 Oct 31, 2025 J-GAAP
Revision Rate -1.9% -35.3% -35.3% -65.5% -65.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 12,695 116 93 117 13.9 15 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 12,889 5 15 -136 -16.1 0 Oct 31, 2025 J-GAAP
YoY +1.5% -95.7% -83.9% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 23,559 387 676 456 54.1 30 May 10, 2024 J-GAAP
Mar, 2025 25,566 405 697 520 61.7 30 May 9, 2025 J-GAAP
Mar, 2026 Guidance 26,000 550 550 200 23.7 0 Oct 31, 2025 J-GAAP
YoY +1.7% +35.8% -21.1% -61.5% -61.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 6,372 75 177 112 13.3 1.2 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 6,228 65 -170 -131 -15.5 1.0 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 6,467 51 263 248 29.4 0.8 May 9, 2025 J-GAAP
Apr - Jun, 2025 7,090 532 486 346 41.1 7.5 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 6,021 13 49 -10 -1.2 0.2 Oct 31, 2025 J-GAAP
YoY -5.5% -82.7% -72.3% － －

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