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Uematsu Shokai Co.,Ltd., July-September (2Q) Ordinary Profit Increases by 12%

Thu Oct 24, 2024 3:00 pm JST Earnings

9914 Uematsu Shokai Co.,Ltd. 【J-GAAP】

Earnings Report

Uematsu Shokai Co.,Ltd. <9914> [TSE-S] announced its financial results after the market closed on October 24th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 12.3% from the same period last year to 71 million yen. However, The progress rate against the 120 million yen full-year plan was 59.2%, almost the same as the five-year average of 61.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to drop by 43.0% from the same period last year to 49 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 12.1% from the same period last year, reaching 65 million yen. However, the operating profit margin remained almost flat, changing from 2.0% in the same period last year to 1.9%.

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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 3,338 36 71 33 14.6 68.3 Oct 26, 2022 J-GAAP
Apr - Sep, 2023 3,511 42 81 59 25.9 48.5 Oct 26, 2023 J-GAAP
Apr - Sep, 2024 3,134 23 71 49 22.2 59.2 Oct 24, 2024 J-GAAP
YoY -10.7% -45.2% -12.3% -16.9% -14.0%

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 3,340 20 60 42 18.7 0 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 3,134 23 71 49 22.2 0 Oct 24, 2024 J-GAAP
Revision Rate -6.2% +15.0% +18.3% +16.7% +18.6%

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 3,743 50 86 53 23.3 30 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,516 27 49 34 15.2 30 Oct 24, 2024 J-GAAP
YoY -6.1% -46.0% -43.0% -35.8% -35.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,455 35 104 39 17.4 25 Apr 28, 2023 J-GAAP
Mar, 2024 7,254 92 167 112 49.3 30 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 6,650 50 120 83 37.0 30 Apr 26, 2024 J-GAAP
YoY -8.3% -45.7% -28.1% -25.9% -24.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,759 35 58 47 20.6 2.0 Oct 26, 2023 J-GAAP
Oct - Dec, 2023 1,969 42 60 37 16.2 2.1 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 1,774 8 26 16 7.0 0.5 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 1,520 -7 6 -4 -2.0 -0.5 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 1,614 30 65 53 24.0 1.9 Oct 24, 2024 J-GAAP
YoY -8.2% -14.3% +12.1% +12.8% +16.7%

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