UBE Corporation, First Half Ordinary Profit Decreases by 83%, July-September Ordinary Profit Turns to Loss

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 7, 2024 3:30 pm JST Earnings

4208 UBE Corporation 【J-GAAP】

Earnings Report

UBE Corporation <4208> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 83.2% from the same period last year to 1.89 billion yen. The progress rate against the 37 billion yen full-year plan was 5.1%, also falling below the five-year average of 31.8%.

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 expand by 40.2% from the same period last year, reaching 35.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 5.06 billion yen (compared to a profit of 5.97 billion yen in the same period last year). However, the operating profit margin remained almost flat, changing from 2.4% in the same period last year to 2.5%.

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
Apr - Sep, 2022	244,781	8,519	-2,744	-1,258	-13.0	ー	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	218,079	5,221	11,303	9,019	92.9	31.1	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	243,039	6,049	1,899	318	3.3	5.1	Nov 7, 2024	J-GAAP
YoY	+11.4%	+15.9%	-83.2%	-96.5%	-96.5%

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	243,000	6,000	1,900	300	3.1	55	Oct 25, 2024	J-GAAP
Apr - Sep, 2024 Results	243,039	6,049	1,899	318	3.3	55	Nov 7, 2024	J-GAAP
Revision Rate	+0.0%	+0.8%	-0.1%	+6.0%	+6.1%

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	250,158	17,235	25,030	19,962	205.7	55	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	266,961	20,951	35,101	29,182	300.5	55	Nov 7, 2024	J-GAAP
YoY	+6.7%	+21.6%	+40.2%	+46.2%	+46.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	494,738	16,210	-8,745	-7,034	-72.5	95	May 12, 2023	J-GAAP
Mar, 2024	468,237	22,456	36,333	28,981	298.6	105	May 13, 2024	J-GAAP
Mar, 2025 Guidance	510,000	27,000	37,000	29,500	303.8	110	May 13, 2024	J-GAAP
YoY	+8.9%	+20.2%	+1.8%	+1.8%	+1.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	108,859	2,599	5,977	5,364	55.3	2.4	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	114,868	7,086	11,872	10,927	112.6	6.2	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	135,290	10,149	13,158	9,035	93.1	7.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	115,385	2,911	6,967	4,804	49.5	2.5	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	127,654	3,138	-5,068	-4,486	-46.3	2.5	Nov 7, 2024	J-GAAP
YoY	+17.3%	+20.7%	－	－	－