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WADAKOHSAN CORPORATION, June-August (2Q) Ordinary Profit Increases by 46%

Fri Oct 4, 2024 3:30 pm JST Earnings

8931 WADAKOHSAN CORPORATION 【J-GAAP】

Earnings Report

WADAKOHSAN CORPORATION <8931> [TSE-S] announced its financial results after the market closed on October 4th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 14.8% from the same period last year to 1.82 billion yen. The progress rate against the 4.15 billion yen full-year plan was 44.0%, also falling below the five-year average of 51.9%.

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 September to February period (second half) is expected to expand by 38.5% from the same period last year, reaching 2.32 billion yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit increased by 45.6% from the same period last year, reaching 818 million yen. However, the operating profit margin decreased from 12.0% in the same period last year to 10.1%.

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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 19,367 2,111 1,829 1,270 114.5 50.7 Oct 7, 2022 J-GAAP
Mar - Aug, 2023 20,789 2,502 2,141 1,481 133.5 56.0 Oct 6, 2023 J-GAAP
Mar - Aug, 2024 20,149 2,176 1,824 1,242 113.0 44.0 Oct 4, 2024 J-GAAP
YoY -3.1% -13.0% -14.8% -16.1% -15.3%

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 20,100 2,170 1,820 1,240 113.2 26 Sep 13, 2024 J-GAAP
Mar - Aug, 2024 Results 20,149 2,176 1,824 1,242 113.0 26 Oct 4, 2024 J-GAAP
Revision Rate +0.2% +0.3% +0.2% +0.2% -0.2%

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 18,036 2,026 1,679 1,157 104.3 34 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 19,851 2,774 2,326 1,708 155.9 39 Oct 4, 2024 J-GAAP
YoY +10.1% +36.9% +38.5% +47.6% +49.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 42,712 4,387 3,607 2,382 214.6 50 Apr 7, 2023 J-GAAP
Feb, 2024 38,825 4,528 3,820 2,638 237.7 60 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 40,000 4,950 4,150 2,950 269.3 65 Sep 13, 2024 J-GAAP
YoY +3.0% +9.3% +8.6% +11.8% +13.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 6,234 748 562 384 34.6 12.0 Oct 6, 2023 J-GAAP
Sep - Nov, 2023 11,509 1,514 1,362 940 84.7 13.2 Jan 9, 2024 J-GAAP
Dec - Feb, 2023 6,527 512 317 217 19.6 7.8 Apr 12, 2024 J-GAAP
Mar - May, 2024 10,981 1,252 1,006 686 62.2 11.4 Jul 5, 2024 J-GAAP
Jun - Aug, 2024 9,168 924 818 556 50.6 10.1 Oct 4, 2024 J-GAAP
YoY +47.1% +23.5% +45.6% +44.8% +46.2%

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