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C.Uyemura & Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 18% Increase, Adds to Record High Profit

Mon Nov 11, 2024 12:30 pm JST Earnings

4966 C.Uyemura & Co.,Ltd. 【J-GAAP】

Earnings Report

C.Uyemura & Co.,Ltd. <4966> [TSE-S] announced its financial results at noon (12:30) on November 11th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 9.8 billion yen, an increase of 56.7% compared to the same period last year, exceeded the previous forecast of 6.54 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 38.5%, from the previous forecast of 13.5 billion yen to 18.8 billion yen (compared to 15.8 billion yen in the previous period), record profits reach five consecutive terms, turning to a 18.5% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 6.4% from the same period last year to 8.99 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 28.1% from the same period last year, reaching 4.55 billion yen. The operating profit margin rose from 17.1% in the same period last year to 22.2%.

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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 42,105 7,549 8,258 5,978 358.9 52.2 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 37,220 5,804 6,256 4,057 248.8 39.4 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 40,761 9,128 9,805 6,722 416.9 52.2 Nov 11, 2024 J-GAAP
YoY +9.5% +57.3% +56.7% +65.7% +67.6%

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 38,780 6,310 6,540 4,960 307.5 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 40,761 9,128 9,805 6,722 416.9 0 Nov 11, 2024 J-GAAP
Revision Rate +5.1% +44.7% +49.9% +35.5% +35.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 81,150 13,110 13,570 9,720 602.6 200 May 10, 2024 J-GAAP
Mar, 2025 New 81,600 18,100 18,800 12,800 793.5 200 Nov 11, 2024 J-GAAP
Revision Rate +0.6% +38.1% +38.5% +31.7% +31.7%

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 43,036 9,190 9,615 6,863 423.2 200 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 40,839 8,972 8,995 6,078 376.8 200 Nov 11, 2024 J-GAAP
YoY -5.1% -2.4% -6.4% -11.4% -11.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 85,749 15,046 15,832 10,545 636.8 180 May 12, 2023 J-GAAP
Mar, 2024 80,256 14,994 15,871 10,920 673.4 200 May 10, 2024 J-GAAP
Mar, 2025 Guidance 81,600 18,100 18,800 12,800 793.5 200 Nov 11, 2024 J-GAAP
YoY +1.7% +20.7% +18.5% +17.2% +17.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 19,706 3,375 3,554 2,162 132.6 17.1 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 20,657 4,257 4,444 3,196 196.7 20.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 22,379 4,933 5,171 3,667 226.1 22.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 19,980 4,507 5,253 3,749 232.5 22.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 20,781 4,621 4,552 2,973 184.4 22.2 Nov 11, 2024 J-GAAP
YoY +5.5% +36.9% +28.1% +37.5% +39.1%

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