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LeTech Corporation, 10% Increase in Ordinary Profit, Record High for The First Time in Six Years, Increased Previous Year's Dividend by 14 yen, This Fiscal Year to Increase Dividend by 11 yen

Tue Sep 17, 2024 5:00 pm JST Earnings

3497 LeTech Corporation 【J-GAAP】

Earnings Report

LeTech Corporation <3497> [TSE-G] announced its financial results after the market closed on September 17th (17:00). The ordinary profit (non-consolidated) for the fiscal year ending July 2024 expanded to 35.1% from the previous period to 1.1 billion yen. For the fiscal year ending July 2025, the profit is expected to grow by 10.1% to 1.22 billion yenExpected to reach record high profits for the first time in six years.

At the same time, the company increased the annual dividend for the previous term from 41 yen to 55 yen (compared to 32 yen in the prior term), and has decided to increase the dividend this fiscal year to 66 yen, an increase of 11 yen from the previous fiscal year.

In the most recent three-month period, from May to July (4Q), the ordinary profit decreased to 98 million yen, a 14.8% decrease compared to the same period last year. The operating profit margin worsened from 7.6% in the same period last year to 5.7%.

Kabutan News

Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2022 18,202 -3,232 -3,957 -4,688 -1,470.0 0 Sep 14, 2022 J-GAAP
Jul, 2023 15,989 1,392 821 1,162 249.4 32 Sep 14, 2023 J-GAAP
Jul, 2024 14,795 1,530 1,109 1,079 213.8 55 Sep 17, 2024 J-GAAP
YoY -7.5% +9.9% +35.1% -7.1% -14.3%

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 14,500 1,500 1,000 1,030 213.6 41 Jun 14, 2024 J-GAAP
Jul, 2024 Results 14,795 1,530 1,109 1,079 213.8 55 Sep 17, 2024 J-GAAP
Revision Rate +2.0% +2.0% +10.9% +4.8% +0.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 9,460 1,164 949 946 194.0 0 Mar 18, 2024 J-GAAP
Aug - Jan, 2024 Guidance 33 Sep 17, 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 15,989 1,392 821 1,162 249.4 32 Sep 14, 2023 J-GAAP
Jul, 2024 14,795 1,530 1,109 1,079 213.8 55 Sep 17, 2024 J-GAAP
Jul, 2025 Guidance 21,630 1,896 1,221 1,256 260.3 66 Sep 17, 2024 J-GAAP
YoY +46.2% +23.9% +10.1% +16.4% +21.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 2,968 225 115 452 97.0 7.6 Sep 14, 2023 J-GAAP
Aug - Oct, 2023 3,558 210 90 86 15.3 5.9 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 5,902 954 859 860 176.3 16.2 Mar 18, 2024 J-GAAP
Feb - Apr, 2024 1,553 150 62 43 8.6 9.7 Jun 14, 2024 J-GAAP
May - Jul, 2024 3,782 216 98 90 17.8 5.7 Sep 17, 2024 J-GAAP
YoY +27.4% -4.0% -14.8% -80.1% -81.6%

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