kabutan

UOKI CO.,LTD., First Half Ordinary Profit Turns to Profit, Exceeds Expectations

Fri Oct 11, 2024 3:00 pm JST Earnings

2683 UOKI CO.,LTD. 【J-GAAP】

Earnings Report

UOKI CO.,LTD. <2683> [TSE-S] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a profit of 23 million yen (compared to a loss of 29 million yen in the same period last year), reversing from the forecast of a loss of 32 million yen to a profit.

However, The progress rate against the 100 million yen full-year plan was 23.0%, also falling below the five-year average of 32.6%.

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 decrease by 25.2% from the same period last year to 77 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary loss expanded to a loss of 35 million yen (compared to a loss of 35 million yen in the same period last year). However, the operating profit/loss margin remained almost flat, changing from -1.5% in the same period last year to -1.5%.

Kabutan News

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 4,861 -48 -15 -17 -6.7 ー Oct 14, 2022 J-GAAP
Mar - Aug, 2023 4,744 -28 -29 -34 -13.4 ー Oct 13, 2023 J-GAAP
Mar - Aug, 2024 4,802 6 23 -18 -7.3 23.0 Oct 11, 2024 J-GAAP
YoY +1.2% － － +47.1% +45.3%

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 5,000 -32 -32 -37 -14.5 0 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 4,802 6 23 -18 -7.3 0 Oct 11, 2024 J-GAAP
Revision Rate -4.0% － － +51.4% +49.6%

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 5,111 100 103 76 29.8 10 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 5,798 94 77 73 28.6 10 Oct 11, 2024 J-GAAP
YoY +13.4% -6.0% -25.2% -3.9% -4.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 9,905 6 44 6 2.6 10 Apr 14, 2023 J-GAAP
Feb, 2024 9,855 72 74 42 16.5 10 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 10,600 100 100 55 21.5 10 Apr 12, 2024 J-GAAP
YoY +7.6% +38.9% +35.1% +31.0% +30.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 2,347 -35 -35 -38 -14.9 -1.5 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 2,285 -15 -13 -15 -6.0 -0.7 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 2,826 115 116 91 35.7 4.1 Apr 12, 2024 J-GAAP
Mar - May, 2024 2,419 41 58 38 15.1 1.7 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 2,383 -35 -35 -56 -22.7 -1.5 Oct 11, 2024 J-GAAP
YoY +1.5% 0.0% 0.0% -47.4% -52.2%

Related Articles