LIHIT LAB.,INC., First Half Ordinary Profit Turns to Profit

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Fri Oct 4, 2024 3:00 pm JST Earnings

7975 LIHIT LAB.,INC. 【J-GAAP】

Earnings Report

LIHIT LAB.,INC. <7975> [TSE-S] announced its financial results after the market closed on October 4th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a profit of 51 million yen (compared to a loss of 55 million yen in the same period last year). However, The progress rate against the 200 million yen full-year plan was 25.5%, also falling below the five-year average of 57.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the September to February period (second half) is expected to turn into a profit of 149 million yen (compared to a loss of 156 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary loss improved to a deficit of loss of 42 million yen (compared to a loss of 50 million yen in the same period last year). The operating profit/loss margin significantly improved from -4.1% in the same period last year to -0.5%.

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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
Mar - Aug, 2022	4,324	-4	100	63	18.8	ー	Oct 7, 2022	J-GAAP
Mar - Aug, 2023	4,548	-105	-55	-3	-1.0	ー	Oct 6, 2023	J-GAAP
Mar - Aug, 2024	4,776	63	51	43	12.7	25.5	Oct 4, 2024	J-GAAP
YoY	+5.0%	－	－	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	4,776	63	51	43	12.7	0	Oct 2, 2024	J-GAAP
Mar - Aug, 2024 Results	4,776	63	51	43	12.7	0	Oct 4, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+0.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	4,255	-173	-156	-90	-26.7	25	Apr 5, 2024	J-GAAP
Sep - Feb, 2024 Guidance	4,724	137	149	277	81.6	25	Oct 2, 2024	J-GAAP
YoY	+11.0%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	8,514	-153	-30	-24	-7.2	25	Apr 7, 2023	J-GAAP
Feb, 2024	8,803	-278	-211	-93	-27.6	25	Apr 5, 2024	J-GAAP
Feb, 2025 Guidance	9,500	200	200	320	94.3	25	Oct 2, 2024	J-GAAP
YoY	+7.9%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	2,004	-82	-50	4	1.3	-4.1	Oct 6, 2023	J-GAAP
Sep - Nov, 2023	2,059	-120	-103	-64	-19.0	-5.8	Jan 9, 2024	J-GAAP
Dec - Feb, 2023	2,196	-53	-53	-26	-7.7	-2.4	Apr 5, 2024	J-GAAP
Mar - May, 2024	2,694	74	93	59	17.6	2.7	Jul 5, 2024	J-GAAP
Jun - Aug, 2024	2,082	-11	-42	-16	-4.7	-0.5	Oct 4, 2024	J-GAAP
YoY	+3.9%	+86.6%	+16.0%	－	－