UMC Electronics, Apr-Dec (Cumulative 3Q) Ordinary Profit Turns to Profit, Oct-Dec Ordinary Profit Turns to Profit

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Fri Feb 14, 2025 3:30 pm JST Earnings

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

Earnings Report

UMC Electronics Co.,Ltd. <6615> [TSE Prime] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 1.01 billion yen (compared to a loss of 0.14 billion yen in the same period last year). The progress rate toward the full-year plan of 1.3 billion yen was 78.4%, also surpassing the five-year average of 63.6%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to significant drop 79.6% from the same period last year to 0.28 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 1.21 billion yen (compared to a loss of 0.09 billion yen in the same period last year). The operating profit margin remained almost flat, changing from 1.6% in the same period last year to 1.8%.

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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
Apr - Dec, 2022	126,166	1,568	696	343	12.2	59.0	Feb 14, 2023	J-GAAP
Apr - Dec, 2023	100,998	1,090	-144	-562	-19.9	ー	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	99,917	1,376	1,019	367	13.0	78.4	Feb 14, 2025	J-GAAP
YoY	-1.1%	+26.2%	－	－	－

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
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
Oct - Dec, 2024	34,686	611	1,218	825	29.2	1.8	Feb 14, 2025	J-GAAP
YoY	+1.5%	+11.7%	－	－	－