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UCHIYAMA HOLDINGS, The Current Fiscal Year Ordinary Profit Revised Downward by 45%

Thu Feb 13, 2025 12:00 pm JST Earnings

6059 UCHIYAMA HOLDINGS Co.,Ltd. 【J-GAAP】

Earnings Report

UCHIYAMA HOLDINGS Co.,Ltd. <6059> [TSE Std] announced its financial results at noon (12:00) on February 13th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 44.0% from the same period last year to 0.47 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 45.5%, from the previous forecast of 1.16 billion yen to 0.63 billion yen (compared to 1.18 billion yen in the previous period), leading to an increase in the profit decline rate from 2.4% to 46.8%. However, the full-year consolidated net income has been revised upward 10.6%, from the previous forecast of 0.43 billion yen to 0.47 billion yen (compared to 0.21 billion yen in the previous period), increasing the growth rate from 2.0 times to 2.2 times.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 61.0%, from the previous forecast of 0.86 billion yen to 0.33 billion yen (compared to 0.65 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 48.6% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 0.18 billion yen, a 43.2% decrease compared to the same period last year. The operating profit margin worsened from 2.8% in the same period last year to 2.1%.

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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
Apr - Dec, 2022 20,082 -559 -125 -116 -6.0 ー Feb 9, 2023 J-GAAP
Apr - Dec, 2023 21,576 488 853 372 19.3 71.7 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 21,841 302 478 397 20.5 75.5 Feb 13, 2025 J-GAAP
YoY +1.2% -38.1% -44.0% +6.7% +6.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 15,611 985 866 110 5.7 5 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 New 14,719 236 338 156 8.1 5 Feb 13, 2025 J-GAAP
Revision Rate -5.7% -76.0% -61.0% +41.8% +41.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 30,116 1,134 1,161 433 22.3 10 May 10, 2024 J-GAAP
Mar, 2025 New 29,224 385 633 479 24.7 10 Feb 13, 2025 J-GAAP
Revision Rate -3.0% -66.0% -45.5% +10.6% +10.6%

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 14,566 308 658 -1 -0.1 5 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,719 236 338 156 8.1 5 Feb 13, 2025 J-GAAP
YoY +1.1% -23.4% -48.6% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 26,911 -798 -139 -400 -20.7 5 May 12, 2023 J-GAAP
Mar, 2024 28,842 589 1,189 213 11.1 10 May 10, 2024 J-GAAP
Mar, 2025 Guidance 29,224 385 633 479 24.7 10 Feb 13, 2025 J-GAAP
YoY +1.3% -34.6% -46.8% +124.9% +123.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 7,300 207 322 158 8.2 2.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 7,266 101 336 -159 -8.3 1.4 May 10, 2024 J-GAAP
Apr - Jun, 2024 7,201 74 175 40 2.1 1.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 7,304 75 120 283 14.6 1.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 7,336 153 183 74 3.8 2.1 Feb 13, 2025 J-GAAP
YoY +0.5% -26.1% -43.2% -53.2% -53.2%

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