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UEKI CORPORATION, First Half Ordinary Profit Increases by 2.7 times, July-September Ordinary Profit Increases by 93%

Fri Nov 8, 2024 3:00 pm JST Earnings

1867 UEKI CORPORATION 【J-GAAP】

Earnings Report

UEKI CORPORATION <1867> [TSE-S] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.7 times that of the same period last year, reaching 906 million yen. The progress rate against the 2.2 billion yen full-year plan was 41.2%, exceeding the five-year average of 30.0%.

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 drop by 44.2% from the same period last year to 1.29 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 93.3% from the same period last year, reaching 578 million yen. The operating profit margin improved from 2.2% in the same period last year to 5.0%.

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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 21,383 486 533 306 46.3 25.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 23,729 314 335 164 25.4 12.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 22,487 858 906 568 87.4 41.2 Nov 8, 2024 J-GAAP
YoY -5.2% +173.2% +170.4% +246.3% +243.8%

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 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 22,487 858 906 568 87.4 0 Nov 8, 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
Oct - Mar, 2023 32,181 2,281 2,319 1,713 263.9 70 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 33,513 1,342 1,294 932 142.0 70 Nov 8, 2024 J-GAAP
YoY +4.1% -41.2% -44.2% -45.6% -46.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 48,936 2,041 2,133 1,350 205.0 55 May 11, 2023 J-GAAP
Mar, 2024 55,910 2,595 2,654 1,877 289.1 70 May 10, 2024 J-GAAP
Mar, 2025 Guidance 56,000 2,200 2,200 1,500 228.6 70 May 10, 2024 J-GAAP
YoY +0.2% -15.2% -17.1% -20.1% -20.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,002 292 299 186 28.8 2.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 16,860 833 859 583 89.9 4.9 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 15,321 1,448 1,460 1,130 174.1 9.5 May 10, 2024 J-GAAP
Apr - Jun, 2024 10,891 283 328 159 24.6 2.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 11,596 575 578 409 62.9 5.0 Nov 8, 2024 J-GAAP
YoY -10.8% +96.9% +93.3% +119.9% +118.3%

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