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WATT MANN CO., LTD., First Half Ordinary Profit Increases by 6%

Thu Nov 14, 2024 3:30 pm JST Earnings

9927 WATT MANN CO., LTD. 【J-GAAP】

Earnings Report

WATT MANN CO., LTD. <9927> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 5.6% from the same period last year, reaching 300 million yen. The progress rate against the 732 million yen full-year plan was 41.0%, exceeding the five-year average of 37.0%.

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 grow by 16.1% from the same period last year, reaching 432 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 128 million yen, a 7.9% decrease compared to the same period last year. The operating profit margin worsened from 7.4% in the same period last year to 6.3%.

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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 3,427 236 226 171 19.6 44.5 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 3,829 281 284 183 21.0 43.3 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 4,033 296 300 193 22.2 41.0 Nov 14, 2024 J-GAAP
YoY +5.3% +5.3% +5.6% +5.5% +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 ー ー ー ー － 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 4,033 296 300 193 22.2 0 Nov 14, 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
Oct - Mar, 2023 4,022 368 372 276 31.6 20 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,397 434 432 317 36.2 20 Nov 14, 2024 J-GAAP
YoY +9.3% +17.9% +16.1% +14.9% +14.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,420 508 508 355 40.7 15 May 15, 2023 J-GAAP
Mar, 2024 7,851 649 656 459 52.6 20 May 15, 2024 J-GAAP
Mar, 2025 Guidance 8,430 730 732 510 58.3 20 May 15, 2024 J-GAAP
YoY +7.4% +12.5% +11.6% +11.1% +10.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,881 139 139 89 10.2 7.4 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,971 166 166 106 12.2 8.4 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,051 202 206 170 19.5 9.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,015 169 172 111 12.7 8.4 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 2,018 127 128 82 9.4 6.3 Nov 14, 2024 J-GAAP
YoY +7.3% -8.6% -7.9% -7.9% -7.7%

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