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Yamaichi Uniheim Real Estate Co.,Ltd, First Half Ordinary Profit Increases by 8.4 times, July-September Ordinary Profit Increases by 2.6 times

Mon Nov 11, 2024 3:38 pm JST Earnings

2984 Yamaichi Real Estate Co., Ltd 【J-GAAP】

Earnings Report

Yamaichi Uniheim Real Estate Co.,Ltd <2984> [TSE-S] announced its financial results after the market closed on November 11th (15:38). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 8.4 times that of the same period last year, reaching 461 million yen. The progress rate against the 1.93 billion yen full-year plan was 23.9%, exceeding the same period of the previous year of 2.8%.

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 decrease by 21.8% from the same period last year to 1.47 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.6 times that of the same period last year, reaching 427 million yen. However, the operating profit margin remained almost flat, changing from 9.0% in the same period last year to 8.9%.

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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 11,295 1,578 1,397 972 153.7 65.5 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 4,591 214 55 55 7.7 2.8 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 8,933 643 461 227 27.1 23.9 Nov 11, 2024 J-GAAP
YoY +94.6% +200.5% +738.2% +312.7% +251.4%

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 10, 2024 J-GAAP
Apr - Sep, 2024 Results 8,933 643 461 227 27.1 0 Nov 11, 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 15,492 2,129 1,880 1,200 167.1 33 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 15,501 1,659 1,470 993 116.2 30 Nov 11, 2024 J-GAAP
YoY +0.1% -22.1% -21.8% -17.3% -30.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 18,626 2,508 2,134 1,307 193.8 30 May 12, 2023 J-GAAP
Mar, 2024 20,083 2,343 1,935 1,255 174.8 33 May 10, 2024 J-GAAP
Mar, 2025 Guidance 24,434 2,302 1,931 1,220 142.8 30 May 10, 2024 J-GAAP
YoY +21.7% -1.7% -0.2% -2.8% -18.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,971 267 166 123 17.2 9.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 3,427 708 619 422 58.8 20.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 12,065 1,421 1,261 778 108.3 11.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 2,779 95 34 -8 -1.1 3.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 6,154 548 427 235 28.0 8.9 Nov 11, 2024 J-GAAP
YoY +107.1% +105.2% +157.2% +91.1% +62.6%

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