UNIRITA Inc., First Half Ordinary Profit Decreases by 18%, July-September Ordinary Profit Decreases by 25%

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Wed Nov 13, 2024 2:00 pm JST Earnings

3800 UNIRITA Inc. 【J-GAAP】

Earnings Report

UNIRITA Inc. <3800> [TSE-S] announced its financial results in the afternoon session on November 13th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 18.3% from the same period last year to 506 million yen. The progress rate against the 1.19 billion yen full-year plan was 42.5%, almost the same as the five-year average of 45.0%.

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 grow by 25.5% from the same period last year, reaching 684 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 221 million yen, a 25.3% decrease compared to the same period last year. The operating profit margin worsened from 9.3% in the same period last year to 7.7%.

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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	5,440	336	488	321	42.7	43.1	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	5,927	504	619	412	54.6	53.2	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	5,747	368	506	290	38.3	42.5	Nov 13, 2024	J-GAAP
YoY	-3.0%	-27.0%	-18.3%	-29.6%	-29.9%

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	6,000	450	580	390	51.4	35	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	5,747	368	506	290	38.3	35	Nov 13, 2024	J-GAAP
Revision Rate	-4.2%	-18.2%	-12.8%	-25.6%	-25.4%

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	6,055	519	545	403	53.4	34	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,753	682	684	560	73.8	35	Nov 13, 2024	J-GAAP
YoY	+11.5%	+31.4%	+25.5%	+39.0%	+38.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	11,549	915	1,132	752	99.8	68	May 12, 2023	J-GAAP
Mar, 2024	11,982	1,023	1,164	815	107.9	68	May 14, 2024	J-GAAP
Mar, 2025 Guidance	12,500	1,050	1,190	850	112.0	70	May 14, 2024	J-GAAP
YoY	+4.3%	+2.6%	+2.2%	+4.3%	+3.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,013	280	296	205	27.2	9.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,878	233	253	165	21.8	8.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	3,177	286	292	238	31.5	9.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,840	145	285	175	23.2	5.1	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	2,907	223	221	115	15.2	7.7	Nov 13, 2024	J-GAAP
YoY	-3.5%	-20.4%	-25.3%	-43.9%	-44.1%