UNITED ARROWS LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 4%

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Thu Nov 7, 2024 12:30 pm JST Earnings

7606 UNITED ARROWS LTD. 【J-GAAP】

Earnings Report

UNITED ARROWS LTD. <7606> [TSE-P] announced its financial results at noon (12:30) on November 7th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3.39 billion yen, an increase of 55.5% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 4.2%, from the previous forecast of 7.98 billion yen to 8.32 billion yen (compared to 7.48 billion yen in the previous period), increasing the growth rate from 6.7% to 11.1%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 7.1% from the same period last year to 4.92 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 398 million yen (compared to a loss of 582 million yen in the same period last year). The operating profit/loss margin significantly improved from -2.5% in the same period last year to 0.6%.

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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
Apr - Sep, 2022	57,453	1,385	1,710	1,074	37.7	24.8	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	61,014	1,775	2,184	1,426	51.0	29.2	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	68,265	2,953	3,397	1,898	68.8	40.8	Nov 7, 2024	J-GAAP
YoY	+11.9%	+66.4%	+55.5%	+33.1%	+35.0%

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	－	17	May 8, 2024	J-GAAP
Apr - Sep, 2024 Results	68,265	2,953	3,397	1,898	68.8	17	Nov 7, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	150,000	7,300	7,985	4,145	150.1	55	May 8, 2024	J-GAAP
Mar, 2025 New	150,960	7,700	8,320	4,530	164.1	55	Nov 7, 2024	J-GAAP
Revision Rate	+0.6%	+5.5%	+4.2%	+9.3%	+9.3%

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	73,255	4,965	5,302	3,450	124.1	38	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	82,695	4,747	4,923	2,632	95.3	38	Nov 7, 2024	J-GAAP
YoY	+12.9%	-4.4%	-7.1%	-23.7%	-23.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	130,135	6,362	6,900	4,341	152.4	47	May 10, 2023	J-GAAP
Mar, 2024	134,269	6,740	7,486	4,876	175.4	55	May 8, 2024	J-GAAP
Mar, 2025 Guidance	150,960	7,700	8,320	4,530	164.1	55	Nov 7, 2024	J-GAAP
YoY	+12.4%	+14.2%	+11.1%	-7.1%	-6.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	28,859	-727	-582	-372	-13.3	-2.5	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	38,690	4,042	4,175	2,827	101.5	10.4	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	34,565	923	1,127	623	22.4	2.7	May 8, 2024	J-GAAP
Apr - Jun, 2024	35,495	2,768	2,999	1,763	63.9	7.8	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	32,770	185	398	135	4.9	0.6	Nov 7, 2024	J-GAAP
YoY	+13.6%	－	－	－	－