Uchida Yoko (8057) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended April 20, 2024, rose 12.5% year-over-year to ¥200,971 million, driven by robust DX investment and strong demand in office and information-related segments.

• Operating income increased 10.5% year-over-year to ¥9,371 million, and net income attributable to shareholders grew 13.9% to ¥6,701 million.

• The company is executing its 16th medium-term management plan, focusing on digital transformation, group-wide restructuring, and investment in human resources and data.

Financial highlights

• Gross profit reached ¥37,306 million, up from ¥34,739 million year-over-year.

• Operating margin was 4.7%, and net margin was 3.3% for the period.

• Comprehensive income increased 45.2% year-over-year to ¥9,047 million.

• EPS for the period was ¥680.94, up from ¥598.17 a year earlier.

Outlook and guidance

• Full-year revenue forecast revised upward to ¥272,000 million, a 10.3% increase year-over-year.

• Operating income projected at ¥9,200 million (+9.0%), net income at ¥6,700 million (+5.2%), and EPS at ¥680.74.

• Dividend forecast raised to ¥210 per share.