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

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%

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