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

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 -1.8 ー Nov 14, 2022 J-GAAP
Apr - Sep, 2023 2,641 529 521 327 11.8 40.4 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 3,040 178 202 118 4.3 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 4.3 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 14.2 8.75 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,090 572 498 332 12.0 2.50 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 -1.7 0 May 15, 2023 J-GAAP
Mar, 2024 5,937 1,324 1,289 720 26.0 8.75 May 14, 2024 J-GAAP
Mar, 2025 Guidance 7,130 750 700 450 16.3 2.50 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 6.2 21.6 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,474 335 336 224 8.1 22.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,822 460 432 169 6.1 25.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,485 59 82 48 1.8 4.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,555 119 120 70 2.5 7.7 Nov 14, 2024 J-GAAP
YoY +15.3% -59.2% -56.0% -59.1% -59.0%

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