ULURU.CO.,LTD., First Half Ordinary Profit Decreases by 61%, July-September Ordinary Profit Decreases by 56%

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Thu Nov 14, 2024 4:00 pm JST Earnings

3979 ULURU.CO.,LTD. 【J-GAAP】

Earnings Report

ULURU.CO.,LTD. <3979> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 61.2% from the same period last year to 202 million yen. The progress rate against the 700 million yen full-year plan was 28.9%, also falling below the same period of the previous year of 40.4%.

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 drop by 35.2% from the same period last year to 498 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 56.0% decrease compared to the same period last year. The operating profit margin sharply declined from 21.6% 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	2,260	-23	-18	-48	-7.0	ー	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	2,641	529	521	327	47.4	40.4	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	3,040	178	202	118	17.1	28.9	Nov 14, 2024	J-GAAP
YoY	+15.1%	-66.4%	-61.2%	-63.9%	-63.9%

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	ー	ー	ー	ー	－	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	3,040	178	202	118	17.1	0	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	3,296	795	768	393	56.8	35	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,090	572	498	332	48.0	10	Nov 14, 2024	J-GAAP
YoY	+24.1%	-28.1%	-35.2%	-15.5%	-15.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	4,862	8	5	-45	-6.6	0	May 15, 2023	J-GAAP
Mar, 2024	5,937	1,324	1,289	720	104.1	35	May 14, 2024	J-GAAP
Mar, 2025 Guidance	7,130	750	700	450	65.0	10	May 14, 2024	J-GAAP
YoY	+20.1%	-43.4%	-45.7%	-37.5%	-37.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,349	292	273	171	24.8	21.6	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	1,474	335	336	224	32.4	22.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,822	460	432	169	24.4	25.2	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,485	59	82	48	7.0	4.0	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,555	119	120	70	10.2	7.7	Nov 14, 2024	J-GAAP
YoY	+15.3%	-59.2%	-56.0%	-59.1%	-59.0%