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UMC Electronics Co.,Ltd., First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Turns to Loss

Thu Nov 14, 2024 3:30 pm JST Earnings

6615 UMC Electronics Co.,Ltd. 【J-GAAP】

Earnings Report

UMC Electronics Co.,Ltd. <6615> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 199 million yen (compared to a loss of 45 million yen in the same period last year).

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 17.3% from the same period last year, reaching 1.49 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 925 million yen (compared to a profit of 111 million yen in the same period last year). The operating profit margin remained almost flat, changing from 1.0% 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 81,209 1,246 493 280 9.9 41.8 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 66,808 543 -45 -343 -12.2 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 65,231 765 -199 -458 -16.2 Nov 14, 2024 J-GAAP
YoY -2.4% +40.9% -342.2% -33.5% -33.3%

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 5 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 65,231 765 -199 -458 -16.2 5 Nov 14, 2024 J-GAAP
Revision Rate

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 64,481 1,500 1,278 1,364 48.3 10 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 59,769 1,335 1,499 1,508 53.6 5 Nov 14, 2024 J-GAAP
YoY -7.3% -11.0% +17.3% +10.6% +11.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 161,706 2,222 1,179 637 22.5 0 May 15, 2023 J-GAAP
Mar, 2024 131,289 2,043 1,233 1,021 36.1 10 May 15, 2024 J-GAAP
Mar, 2025 Guidance 125,000 2,100 1,300 1,050 37.3 10 May 15, 2024 J-GAAP
YoY -4.8% +2.8% +5.4% +2.8% +3.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 34,027 354 111 -77 -2.7 1.0 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 34,190 547 -99 -219 -7.8 1.6 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 30,291 953 1,377 1,583 56.0 3.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 33,041 455 726 587 20.8 1.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 32,190 310 -925 -1,045 -37.0 1.0 Nov 14, 2024 J-GAAP
YoY -5.4% -12.4% -1,257.1% -1,253.8%

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