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UNICHARM CORPORATION, July-September (3Q) Net Income Decreases by 24%

Fri Nov 8, 2024 4:00 pm JST Earnings

8113 UNICHARM CORPORATION 【IFRS】

Earnings Report

UNICHARM CORPORATION <8113> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 8th (16:00). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 59.5 billion yen, a 2.4% decrease compared to the same period last year. The progress rate against the 90 billion yen full-year plan was 66.2%, also falling below the five-year average of 81.8%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to grow by 21.5% from the same period last year, reaching 30.4 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated net income decreased to 19.9 billion yen, a 24.3% decrease compared to the same period last year. The operating profit margin decreased from 14.6% in the same period last year to 13.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 654,548 91,662 91,416 52,474 29.4 79.0 Nov 7, 2022 IFRS
Jan - Sep, 2023 687,431 92,736 101,042 60,993 34.3 76.4 Nov 7, 2023 IFRS
Jan - Sep, 2024 722,052 103,590 100,787 59,552 33.7 70.0 Nov 8, 2024 IFRS
YoY +5.0% +11.7% -0.3% -2.4% -1.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 487,853 69,227 71,319 51,386 28.9 6.66 Feb 7, 2024 IFRS
Jul - Dec, 2024 Guidance 518,271 70,901 70,640 50,372 28.6 7.34 Aug 6, 2024 IFRS
YoY +6.2% +2.4% -1.0% -2.0% -1.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 898,022 119,566 115,708 67,608 37.9 12.67 Feb 8, 2023 IFRS
Dec, 2023 941,790 127,974 132,308 86,053 48.5 13.33 Feb 7, 2024 IFRS
Dec, 2024 Guidance 1,006,000 144,000 144,000 90,000 51.2 14.67 Feb 7, 2024 IFRS
YoY +6.8% +12.5% +8.8% +4.6% +5.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 233,494 33,989 40,053 26,326 14.8 14.6 Nov 7, 2023 IFRS
Oct - Dec, 2023 254,359 35,238 31,266 25,060 14.1 13.9 Feb 7, 2024 IFRS
Jan - Mar, 2024 236,281 37,542 34,706 17,829 10.1 15.9 May 7, 2024 IFRS
Apr - Jun, 2024 251,448 35,557 38,654 21,799 12.3 14.1 Aug 6, 2024 IFRS
Jul - Sep, 2024 234,323 30,491 27,427 19,924 11.3 13.0 Nov 8, 2024 IFRS
YoY +0.4% -10.3% -31.5% -24.3% -23.8%

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