Unite and Grow Inc., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 16%

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Thu Nov 14, 2024 4:00 pm JST Earnings

4486 Unite and Grow Inc. 【J-GAAP】

Earnings Report

Unite and Grow Inc. <4486> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 16.3% from the previous period to 293 million yen. However, The progress rate against the 503 million yen full-year plan was 58.3%, also falling below the five-year average of 77.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to expand by 50.0% from the previous period to 210 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit grew by 16.7% from the same period last year, reaching 126 million yen. The operating profit margin rose from 15.4% in the same period last year to 16.8%.

Note: Since the current fiscal year, the company has transitioned to non-consolidated financial statements.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	1,736	281	281	207	54.8	86.7	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	1,923	252	252	184	47.3	64.3	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	2,158	277	293	304	77.6	58.3	Nov 14, 2024	J-GAAP
YoY	+12.2%	+9.9%	+16.3%	+65.2%	+64.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	1,445	248	248	199	51.0	22	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	1,667	338	336	236	60.1	24	Aug 14, 2024	J-GAAP
YoY	+15.4%	+36.3%	+35.5%	+18.6%	+17.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,335	324	324	238	62.3	16	Feb 14, 2023	J-GAAP
Dec, 2023	2,667	392	392	305	78.2	22	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	3,071	488	503	460	117.1	24	Aug 14, 2024	J-GAAP
YoY	+15.1%	+24.5%	+28.3%	+50.8%	+49.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	701	108	108	78	20.0	15.4	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	744	140	140	121	31.0	18.8	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	687	85	86	64	16.4	12.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	717	65	81	160	40.8	9.1	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	754	127	126	80	20.4	16.8	Nov 14, 2024	J-GAAP
YoY	+7.6%	+17.6%	+16.7%	+2.6%	+2.0%