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UKAI CO.,LTD., The Current Fiscal Year Net Income Revised Downward by 84%

Fri Nov 8, 2024 3:30 pm JST Earnings

7621 UKAI CO.,LTD. 【J-GAAP】

Earnings Report

UKAI CO.,LTD. <7621> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The net income (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 72.5% from the same period last year to 93 million yen.

In addition, the full-year net income has downwardly by 83.7%, from the previous forecast of 393 million yen to 64 million yen (compared to 870 million yen in the previous period), leading to an increase in the profit decline rate from 54.8% to 92.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the net income/loss for the October to March period (second half) is expected to turn into a loss of 29 million yen (compared to a profit of 532 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the net income/loss turned to a loss of 14 million yen (compared to a profit of 108 million yen in the same period last year). The operating profit margin worsened from 4.2% in the same period last year to 2.1%.

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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 5,916 114 203 220 39.3 23.8 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 6,524 435 419 338 60.4 48.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 6,479 255 242 93 16.7 47.0 Nov 8, 2024 J-GAAP
YoY -0.7% -41.4% -42.2% -72.5% -72.3%

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 － 0 May 17, 2024 J-GAAP
Apr - Sep, 2024 Results 6,479 255 242 93 16.7 0 Nov 8, 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 13,226 585 539 393 70.1 15 May 17, 2024 J-GAAP
Mar, 2025 New 13,240 555 515 64 11.4 15 Nov 8, 2024 J-GAAP
Revision Rate +0.1% -5.1% -4.5% -83.7% -83.7%

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 6,802 455 447 532 94.9 17 May 17, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,761 300 273 -29 -5.2 15 Nov 8, 2024 J-GAAP
YoY -0.6% -34.1% -38.9% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,652 763 852 918 163.8 15 May 18, 2023 J-GAAP
Mar, 2024 13,326 890 866 870 155.2 17 May 17, 2024 J-GAAP
Mar, 2025 Guidance 13,240 555 515 64 11.4 15 Nov 8, 2024 J-GAAP
YoY -0.6% -37.6% -40.5% -92.6% -92.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,216 134 124 108 19.3 4.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 3,591 398 395 368 65.7 11.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,211 57 52 164 29.3 1.8 May 17, 2024 J-GAAP
Apr - Jun, 2024 3,275 187 181 107 19.2 5.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 3,204 68 61 -14 -2.5 2.1 Nov 8, 2024 J-GAAP
YoY -0.4% -49.3% -50.8% － －

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