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Ubicom Holdings, Inc., First Half Ordinary Profit Increases by 35%, The Undetermined Dividend to Rise by 27 yen

Thu Nov 7, 2024 3:00 pm JST Earnings

3937 Ubicom Holdings, Inc. 【J-GAAP】

Earnings Report

Ubicom Holdings, Inc. <3937> [TSE-P] announced its financial results in the afternoon session on November 7th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 629 million yen, an increase of 35.0% compared to the same period last year. However, The progress rate against the 1.51 billion yen full-year plan was 41.4%, also falling below the five-year average of 46.9%.

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 expand by 89.6% from the same period last year, reaching 889 million yen.

At the same time, the company has decided to implement a year-end lump-sum dividend of 40 yen for the current fiscal year, which was previously undecided (compared to 13 yen in the prior term).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 16.4% from the same period last year, reaching 333 million yen. However, the operating profit margin decreased from 18.9% in the same period last year to 18.6%.

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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 2,602 501 494 337 28.6 49.2 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 2,929 541 466 300 25.6 49.8 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 3,138 591 629 443 36.9 41.4 Nov 7, 2024 J-GAAP
YoY +7.1% +9.2% +35.0% +47.7% +44.2%

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 － － May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 3,138 591 629 443 36.9 0 Nov 7, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 6,700 1,500 1,518 1,000 82.5 － May 9, 2024 J-GAAP
Mar, 2025 New 6,700 1,500 1,518 1,000 82.5 40 Nov 7, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 3,013 531 469 226 19.2 13 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,562 909 889 557 46.0 40 Nov 7, 2024 J-GAAP
YoY +18.2% +71.2% +89.6% +146.5% +139.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,246 1,011 1,004 573 48.7 11 May 11, 2023 J-GAAP
Mar, 2024 5,942 1,072 935 526 44.7 13 May 9, 2024 J-GAAP
Mar, 2025 Guidance 6,700 1,500 1,518 1,000 82.5 40 Nov 7, 2024 J-GAAP
YoY +12.8% +39.9% +62.4% +90.1% +84.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,525 288 286 195 16.6 18.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 1,468 232 250 161 13.7 15.8 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 1,545 299 219 65 5.5 19.4 May 9, 2024 J-GAAP
Apr - Jun, 2024 1,568 299 296 199 16.7 19.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 1,570 292 333 244 20.3 18.6 Nov 7, 2024 J-GAAP
YoY +3.0% +1.4% +16.4% +25.1% +22.2%

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