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Wakita & Co.,LTD., June-August (2Q) Ordinary Profit Decreases by 6%

Fri Oct 11, 2024 3:30 pm JST Earnings

8125 Wakita & Co.,LTD. 【J-GAAP】

Earnings Report

Wakita & Co.,LTD. <8125> [TSE-P] announced its financial results after the market closed on October 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was 2.84 billion yen, a 0.1% decrease compared to the same period last year. The progress rate against the 5.95 billion yen full-year plan was 47.9%, almost the same as the five-year average of 48.3%.

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 September to February period (second half) is expected to grow by 8.4% from the same period last year, reaching 3.1 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 1.27 billion yen, a 5.8% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 5.8% in the same period last year to 5.8%.

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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
Mar - Aug, 2022 37,764 2,703 2,798 1,732 33.6 47.6 Oct 7, 2022 J-GAAP
Mar - Aug, 2023 42,179 2,749 2,851 1,638 32.7 49.9 Oct 6, 2023 J-GAAP
Mar - Aug, 2024 43,179 2,792 2,849 1,690 34.2 47.9 Oct 11, 2024 J-GAAP
YoY +2.4% +1.6% -0.1% +3.2% +4.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 0 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 43,179 2,792 2,849 1,690 34.2 0 Oct 11, 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
Sep - Feb, 2023 46,475 2,792 2,861 1,520 30.5 62 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 50,821 3,008 3,101 1,760 35.7 70 Oct 11, 2024 J-GAAP
YoY +9.4% +7.7% +8.4% +15.8% +16.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 78,870 5,765 5,880 3,901 76.4 38 Apr 7, 2023 J-GAAP
Feb, 2024 88,654 5,541 5,712 3,158 63.5 62 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 94,000 5,800 5,950 3,450 69.9 70 Apr 12, 2024 J-GAAP
YoY +6.0% +4.7% +4.2% +9.2% +10.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 22,176 1,284 1,350 788 15.8 5.8 Oct 6, 2023 J-GAAP
Sep - Nov, 2023 23,167 1,496 1,516 855 17.1 6.5 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 23,308 1,296 1,345 665 13.4 5.6 Apr 12, 2024 J-GAAP
Mar - May, 2024 21,978 1,560 1,577 921 18.7 7.1 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 21,201 1,232 1,272 769 15.6 5.8 Oct 11, 2024 J-GAAP
YoY -4.4% -4.0% -5.8% -2.4% -1.1%

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