UNICAFE INC., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 18% Increase

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Thu Nov 14, 2024 4:00 pm JST Earnings

2597 UNICAFE INC. 【J-GAAP】

Earnings Report

UNICAFE INC. <2597> [TSE-S] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 381 million yen, an increase of 38.5% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 25.0%, from the previous forecast of 360 million yen to 450 million yen (compared to 381 million yen in the previous period), turning to a 18.1% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has been revised upward by 82.6%, from the previous forecast of 109 million yen to 199 million yen (compared to 280 million yen in the same period of the previous year), and the declining rate is expected to decrease from 61.1% to 28.9%.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 130 million yen, a 25.3% decrease compared to the same period last year. The operating profit margin worsened from 5.8% in the same period last year to 4.1%.

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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	7,665	-47	-44	-170	-12.8	ー	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	9,106	275	275	306	22.9	72.2	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	9,357	382	381	268	20.1	84.7	Nov 14, 2024	J-GAAP
YoY	+2.8%	+38.9%	+38.5%	-12.4%	-12.3%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	5,849	110	109	82	6.1	－	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	6,859	200	199	172	12.9	－	Nov 14, 2024	J-GAAP
Revision Rate	+17.3%	+81.8%	+82.6%	+109.8%	+109.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	11,990	360	360	260	19.4	－	Feb 14, 2024	J-GAAP
Dec, 2024 New	13,000	450	450	350	26.2	－	Nov 14, 2024	J-GAAP
Revision Rate	+8.4%	+25.0%	+25.0%	+34.6%	+34.6%

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	6,188	280	280	264	19.8	8	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	6,859	200	199	172	12.9	－	Nov 14, 2024	J-GAAP
YoY	+10.8%	-28.6%	-28.9%	-34.8%	-35.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	10,713	-66	-84	-190	-14.3	8	Feb 14, 2023	J-GAAP
Dec, 2023	12,357	385	381	442	33.1	8	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	13,000	450	450	350	26.2	－	Nov 14, 2024	J-GAAP
YoY	+5.2%	+16.9%	+18.1%	-20.8%	-21.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,937	170	174	128	9.6	5.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	3,251	110	106	136	10.2	3.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,875	75	75	51	3.8	2.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	3,266	175	176	127	9.5	5.4	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	3,216	132	130	90	6.7	4.1	Nov 14, 2024	J-GAAP
YoY	+9.5%	-22.4%	-25.3%	-29.7%	-29.6%