UNIPRES CORPORATION, The Current Fiscal Year Net Income Revised Downward to an Unexpected 81% Decrease

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Thu Nov 7, 2024 4:00 pm JST Earnings

5949 UNIPRES CORPORATION 【J-GAAP】

Earnings Report

UNIPRES CORPORATION <5949> [TSE-P] announced its financial results after the market closed on November 7th (16:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 21.7% from the same period last year, reaching 982 million yen.

However, the full-year consolidated net income has downwardly by 81.8%, from the previous forecast of 5.5 billion yen to 1 billion yen (compared to 5.25 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 81.0% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to significant drop by 99.6% from the same period last year to 18 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net loss expanded to a loss of 674 million yen (compared to a loss of 541 million yen in the same period last year). However, the operating profit/loss margin improved from -0.1% in the same period last year to 0.4%.

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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	133,174	-2,771	-1,412	-1,839	-41.2	ー	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	161,675	2,755	3,272	807	18.1	26.1	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	162,581	3,565	4,402	982	22.0	55.0	Nov 7, 2024	J-GAAP
YoY	+0.6%	+29.4%	+34.5%	+21.7%	+21.4%

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	－	30	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	162,581	3,565	4,402	982	22.0	30	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	330,000	12,000	12,000	5,500	123.3	60	May 10, 2024	J-GAAP
Mar, 2025 New	320,000	7,500	8,000	1,000	22.4	60	Nov 7, 2024	J-GAAP
Revision Rate	-3.0%	-37.5%	-33.3%	-81.8%	-81.8%

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	173,404	8,172	9,281	4,449	99.9	20	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	157,419	3,935	3,598	18	0.4	30	Nov 7, 2024	J-GAAP
YoY	-9.2%	-51.8%	-61.2%	-99.6%	-99.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	304,442	3,738	5,029	2,483	55.8	20	May 11, 2023	J-GAAP
Mar, 2024	335,079	10,927	12,553	5,256	118.1	35	May 10, 2024	J-GAAP
Mar, 2025 Guidance	320,000	7,500	8,000	1,000	22.4	60	Nov 7, 2024	J-GAAP
YoY	-4.5%	-31.4%	-36.3%	-81.0%	-81.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	80,687	-117	-117	-541	-12.2	-0.1	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	83,372	2,082	2,186	1,679	37.7	2.5	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	90,032	6,090	7,095	2,770	62.2	6.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	81,443	3,215	4,152	1,656	37.2	3.9	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	81,138	350	250	-674	-15.1	0.4	Nov 7, 2024	J-GAAP
YoY	+0.6%	－	－	-24.6%	-24.3%