The Japan Wool Textile Co Ltd (3201) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended August 31, 2024, were ¥80,658 million, a slight decrease of 0.2% year-over-year.

• Operating profit rose 15.7% year-over-year to ¥7,794 million.

• Ordinary profit increased 13.8% year-over-year to ¥8,299 million.

• Profit attributable to owners of parent surged 37.1% year-over-year to ¥6,702 million.

Financial highlights

• Comprehensive income for the nine months was ¥8,856 million, up 7.9% year-over-year.

• Basic earnings per share for the period was ¥97.21, compared to ¥69.16 in the prior year.

• Total assets as of August 31, 2024, were ¥175,179 million, up from ¥166,129 million at the previous fiscal year-end.

• Net assets increased to ¥120,440 million, with a capital adequacy ratio of 68.2%.

Outlook and guidance

• Full-year net sales forecast is ¥111,000 million, a 2.2% increase year-over-year.

• Operating profit is projected at ¥11,000 million, up 0.1% year-over-year.

• Ordinary profit forecast is ¥11,600 million, up 0.3% year-over-year.

• Profit attributable to owners of parent is expected to reach ¥7,700 million, a 0.7% increase year-over-year.

• Basic earnings per share for the full year is forecast at ¥111.73.