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

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% － － －

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