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UCHIYAMA HOLDINGS Co.,Ltd., First Half Ordinary Profit Decreases by 44%

Tue Nov 12, 2024 12:00 pm JST Earnings

6059 UCHIYAMA HOLDINGS Co.,Ltd. 【J-GAAP】

Earnings Report

UCHIYAMA HOLDINGS Co.,Ltd. <6059> [TSE-S] announced its financial results at noon (12:00) on November 12th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 44.4% from the same period last year to 295 million yen, fell short of the previous forecast of 389 million yen.

The progress rate against the 1.16 billion yen full-year plan was 25.4%, also falling below the same period of the previous year of 44.7%.

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 expand by 31.6% from the same period last year, reaching 866 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 120 million yen, a 60.0% decrease compared to the same period last year. The operating profit margin worsened from 3.1% in the same period last year to 1.0%.

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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 13,253 -410 -167 -66 -3.4 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 14,276 281 531 214 11.1 44.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 14,505 149 295 323 16.7 25.4 Nov 12, 2024 J-GAAP
YoY +1.6% -47.0% -44.4% +50.9% +50.2%

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 14,799 375 389 165 8.5 5 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 14,505 149 295 323 16.7 5 Nov 12, 2024 J-GAAP
Revision Rate -2.0% -60.3% -24.2% +95.8% +95.9%

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 14,566 308 658 -1 -0.1 5 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 15,611 985 866 110 5.7 5 Nov 12, 2024 J-GAAP
YoY +7.2% +219.8% +31.6% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 26,911 -798 -139 -400 -20.7 5 May 12, 2023 J-GAAP
Mar, 2024 28,842 589 1,189 213 11.1 10 May 10, 2024 J-GAAP
Mar, 2025 Guidance 30,116 1,134 1,161 433 22.3 10 May 10, 2024 J-GAAP
YoY +4.4% +92.5% -2.4% +103.3% +102.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,205 223 300 113 5.9 3.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 7,300 207 322 158 8.2 2.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 7,266 101 336 -159 -8.3 1.4 May 10, 2024 J-GAAP
Apr - Jun, 2024 7,201 74 175 40 2.1 1.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,304 75 120 283 14.6 1.0 Nov 12, 2024 J-GAAP
YoY +1.4% -66.4% -60.0% +150.4% +149.3%

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