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Urbanet Corporation Reports Financial Decline Amidst Challenging Market Conditions
Urbanet - Sales for this term decreased in Q2 due to heavy reliance on Q4, but construction for the group as a whole is on track for June 2025, with no changes to the initial plan.
Urbanet Corporation (3242) announced its consolidated financial results for the second quarter of the fiscal year ending June 2025 (July-December 2024) on the 7th. Revenue decreased by 30.3% year-on-year to 7.965 billion yen, operating profit decreased by 87.9% to 0.1 billion yen, ordinary loss was 0.232 billion yen (compared to a profit of 0.72 billion yen in the same period last year), and the interim net loss attributable to the parent company's shareholders was 0.21 billion yen (compared to a profit of 0.51 billion yen). During this interim consolidated accounting period, there was a significant drop in both revenue and profit compared to the same period last year.
February 10 [Today's Investment Strategy]
[Fisco Selected Stocks] 【Material Stocks】 Japan Investment Advisor ＜7172＞ 1220 yen (2/7) The main business is the operating lease business for aircraft and other assets. The financial results for the fiscal year ending December 2024 have been announced. The operating profit is 12.1 billion yen (2.2 times compared to the previous term). The previous estimate was 12 billion yen. The operating profit for the fiscal year ending December 2025 is estimated at 18.1 billion yen (49.6% increase compared to the previous term). The sale of Commodity ETF investment funds is planned to reach a record high for the second consecutive term. At the same time, a change in the Dividends policy was announced, with a focus on the Dividends payout ratio.
Focus on JIA and Toa Construction, while Fuji Oil G and Marubun may be sluggish.
In the U.S. stock market last weekend on the 7th, the Dow Jones Industrial Average fell by 444.23 dollars to 44,303.40, the Nasdaq Composite Index decreased by 268.59 points to 19,523.40, and the Chicago Nikkei 225 Futures were down by 465 yen compared to the Osaka day session, at 38,375 yen. The exchange rate is 1 dollar = 151.30-40 yen. In today's Tokyo market, Gurunavi <2440> saw an operating profit of 0.607 billion yen for the cumulative third quarter, an increase from 0.278 billion yen in the first half, while another company had an operating profit of 20.9 billion yen for the cumulative third quarter as opposed to 54.9.
＜Today's individual materials＞ Toa Construction, Meihou Facility, Urbanet, Central S, etc. (announced on the 7th)
▽ Toa Construction <1885.T> raised its consolidated financial estimates for the fiscal year ending March 2025, increasing the year-end dividend forecast from 54 yen to 71 yen (pre-split actual of 160 yen) ▽ Meihou Facilities <1717.T> revised its standalone financial estimates for the fiscal year ending March 2025 upwards, raising the year-end dividend forecast from 38.5 yen to 41.5 yen (previous year's actual 37.5 yen) ▽ Urban Net <3242.T> reported that its consolidated financial results for the second quarter cumulative for the fiscal year ending June 2025 (July to December 2024) fell into a net loss.
Urbanet: Confirmation letter.