LIGHTWORKS Corporation, First Half Ordinary Profit Increases by 30%

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Fri Sep 13, 2024 3:00 pm JST Earnings

4267 LIGHTWORKS Corporation 【J-GAAP】

Earnings Report

LIGHTWORKS Corporation <4267> [TSE-G] announced its financial results after the market closed on September 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) increased by 29.6% from the same period last year, reaching 105 million yen. This progress accounts for 38.6% of the full-year plan of 272 million yen, exceeding the same period of the previous year of 33.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to January period (second half) is expected to grow by 2.5% from the same period last year, reaching 167 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit decreased to 59 million yen, a 4.8% decrease compared to the same period last year. The operating profit margin worsened from 8.1% in the same period last year to 7.0%.

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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
Feb - Jul, 2022	1,263	126	121	85	17.4	60.5	Sep 14, 2022	J-GAAP
Feb - Jul, 2023	1,496	81	81	103	21.0	33.2	Sep 14, 2023	J-GAAP
Feb - Jul, 2024	1,701	109	105	70	14.2	38.6	Sep 13, 2024	J-GAAP
YoY	+13.7%	+34.6%	+29.6%	-32.0%	-32.4%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb - Jul, 2024 Guidance	ー	ー	ー	ー	－	11	Mar 15, 2024	J-GAAP
Feb - Jul, 2024 Results	1,701	109	105	70	14.2	11	Sep 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2023	1,703	162	163	118	23.9	36	Mar 15, 2024	J-GAAP
Aug - Jan, 2024 Guidance	1,933	162	167	108	21.9	33	Sep 13, 2024	J-GAAP
YoY	+13.5%	0.0%	+2.5%	-8.5%	-8.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2023	2,640	203	200	138	27.8	14	Mar 17, 2023	J-GAAP
Jan, 2024	3,199	243	244	221	44.8	44	Mar 15, 2024	J-GAAP
Jan, 2025 Guidance	3,634	271	272	178	36.0	44	Mar 15, 2024	J-GAAP
YoY	+13.6%	+11.5%	+11.5%	-19.5%	-19.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	778	63	62	95	19.4	8.1	Sep 14, 2023	J-GAAP
Aug - Oct, 2023	773	39	38	16	3.2	5.0	Dec 15, 2023	J-GAAP
Nov - Jan, 2023	930	123	125	102	20.7	13.2	Mar 15, 2024	J-GAAP
Feb - Apr, 2024	821	47	46	26	5.5	5.7	Jun 14, 2024	J-GAAP
May - Jul, 2024	880	62	59	44	8.9	7.0	Sep 13, 2024	J-GAAP
YoY	+13.1%	-1.6%	-4.8%	-53.7%	-54.0%