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UNITED&COLLECTIVE CO.LTD., June-August (2Q) Net Income Loss Widens

Fri Oct 11, 2024 4:30 pm JST Earnings

3557 UNITED&COLLECTIVE CO.LTD. 【J-GAAP】

Earnings Report

UNITED&COLLECTIVE CO.LTD. <3557> [TSE-G] announced its financial results after the market closed on October 11th (16:30). The net income/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a profit of 21 million yen (compared to a loss of 3 million yen in the same period last year). The progress rate against the 75 million yen full-year plan was 28.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the net income/loss for the September to February period (second half) is expected to turn into a profit of 54 million yen (compared to a loss of 88 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the net loss expanded to a loss of 43 million yen (compared to a loss of 10 million yen in the same period last year). The operating profit/loss margin drastically worsened from 0.7% in the same period last year to -2.6%.

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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 2,515 -723 -509 -447 -137.6 ー Oct 14, 2022 J-GAAP
Mar - Aug, 2023 3,165 43 41 -3 -4.0 107.9 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 3,239 37 24 21 2.6 19.5 Oct 11, 2024 J-GAAP
YoY +2.3% -14.0% -41.5% － －

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 － － Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 3,239 37 24 21 2.6 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 3,003 9 -3 -88 -29.7 0 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 3,064 107 99 54 12.1 － Oct 11, 2024 J-GAAP
YoY +2.0% +1,088.9% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 5,349 -1,086 -888 -1,287 -387.0 0 Apr 14, 2023 J-GAAP
Feb, 2024 6,168 52 38 -91 -30.7 0 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 6,303 144 123 75 16.8 － Apr 12, 2024 J-GAAP
YoY +2.2% +176.9% +223.7% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 1,501 10 9 -10 -13.3 0.7 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 1,476 25 16 10 1.7 1.7 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,527 -16 -19 -98 -33.1 -1.0 Apr 12, 2024 J-GAAP
Mar - May, 2024 1,686 78 68 64 14.8 4.6 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 1,553 -41 -44 -43 -5.2 -2.6 Oct 11, 2024 J-GAAP
YoY +3.5% － － -330.0% +60.6%

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