LANDNET Inc., 12% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Increased Previous Year's Dividend by 5.25 yen, This Fiscal Year to Increase Dividend by 0.75 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Mon Sep 9, 2024 3:00 pm JST Earnings

2991 LANDNET Inc. 【J-GAAP】

Earnings Report

LANDNET Inc. <2991> [TSE-S] announced its financial results after the market closed on September 9th (15:00). The consolidated ordinary profit for the fiscal year ending July 2024 expanded to 84.9% from the previous period to 2.51 billion yen, exceeding the previous forecast of 2.13 billion yen. For the fiscal year ending July 2025, the profit is expected to grow by 12.0% to 2.82 billion yen, marking the second consecutive term of record-high profits. This will be the ninth consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 25.5 yen to 30.75 yen (compared to 18.5 yen in the prior term), and has decided to increase the dividend this fiscal year to 31.5 yen, an increase of 0.75 yen from the previous fiscal year.

In the most recent three-month period, from May to July (4Q), the consolidated ordinary profit surged to 3.5 times that of the same period last year, reaching 1.18 billion yen. The operating profit margin significantly improved from 2.3% in the same period last year to 5.5%.

Kabutan News

Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2022	51,870	1,505	1,388	955	80.6	8.06	Sep 9, 2022	J-GAAP
Jul, 2023	63,647	1,520	1,362	988	83.1	9.25	Sep 8, 2023	J-GAAP
Jul, 2024	77,790	2,785	2,518	1,840	154.4	15.38	Sep 9, 2024	J-GAAP
YoY	+22.2%	+83.2%	+84.9%	+86.2%	+85.9%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2024 Guidance	75,880	2,408	2,133	1,520	127.2	12.75	Jul 26, 2024	J-GAAP
Jul, 2024 Results	77,790	2,785	2,518	1,840	154.4	15.38	Sep 9, 2024	J-GAAP
Revision Rate	+2.5%	+15.7%	+18.0%	+21.1%	+21.4%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2023	36,370	1,029	884	573	48.2	0	Mar 8, 2024	J-GAAP
Aug - Jan, 2024 Guidance	ー	ー	ー	ー	－	0	Sep 9, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2023	63,647	1,520	1,362	988	83.1	9.25	Sep 8, 2023	J-GAAP
Jul, 2024	77,790	2,785	2,518	1,840	154.4	15.38	Sep 9, 2024	J-GAAP
Jul, 2025 Guidance	96,241	3,262	2,821	1,881	157.4	15.75	Sep 9, 2024	J-GAAP
YoY	+23.7%	+17.1%	+12.0%	+2.2%	+1.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	17,294	394	338	301	25.3	2.3	Sep 8, 2023	J-GAAP
Aug - Oct, 2023	17,326	264	182	122	10.3	1.5	Dec 8, 2023	J-GAAP
Nov - Jan, 2023	19,044	765	702	451	37.9	4.0	Mar 8, 2024	J-GAAP
Feb - Apr, 2024	18,842	517	447	299	25.1	2.7	Jun 7, 2024	J-GAAP
May - Jul, 2024	22,578	1,239	1,187	968	81.2	5.5	Sep 9, 2024	J-GAAP
YoY	+30.6%	+214.5%	+251.2%	+221.6%	+221.1%