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

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%.

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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 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% － － －

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