LITALICO Inc., The Current Fiscal Year Net Income Revised Downward by 40%

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Mon Oct 28, 2024 3:30 pm JST Earnings

7366 LITALICO Inc. 【J-GAAP】

Earnings Report

LITALICO Inc. <7366> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 28th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 66.4% from the same period last year to 627 million yen.

In addition, the full-year consolidated net income has downwardly by 40.0%, from the previous forecast of 3 billion yen to 1.8 billion yen (compared to 3.54 billion yen in the previous period), leading to an increase in the profit decline rate from 15.4% to 49.2%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop by 30.1% from the same period last year to 1.17 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew by 11.6% from the same period last year, reaching 472 million yen. However, the operating profit margin decreased from 10.4% in the same period last year to 9.1%.

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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
Apr - Sep, 2022	11,406	1,255	1,230	704	19.8	42.8	Oct 31, 2022	IFRS
Apr - Sep, 2023	14,392	1,352	2,377	1,867	52.4	50.5	Oct 30, 2023	IFRS
Apr - Sep, 2024	16,624	1,137	1,042	627	17.6	ー	Oct 28, 2024	IFRS
YoY	+15.5%	-15.9%	-56.2%	-66.4%	-66.5%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	0	May 7, 2024	IFRS
Apr - Sep, 2024 Results	16,624	1,137	1,042	627	17.6	0	Oct 28, 2024	IFRS
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	35,000	4,500	ー	3,000	84.0	－	May 7, 2024	IFRS
Mar, 2025 New	35,500	3,300	ー	1,800	50.4	－	Oct 28, 2024	IFRS
Revision Rate	+1.4%	-26.7%	－	-40.0%	-40.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	15,400	2,363	2,329	1,678	47.0	8	May 7, 2024	IFRS
Oct - Mar, 2024 Guidance	18,876	2,163	ー	1,173	32.9	－	Oct 28, 2024	IFRS
YoY	+22.6%	-8.5%	－	-30.1%	-30.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	24,170	2,928	2,877	1,812	50.9	6.50	May 8, 2023	IFRS
Mar, 2024	29,792	3,715	4,706	3,545	99.4	8	May 7, 2024	IFRS
Mar, 2025 Guidance	35,500	3,300	ー	1,800	50.4	－	Oct 28, 2024	IFRS
YoY	+19.2%	-11.2%	－	-49.2%	-49.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,333	759	743	423	11.9	10.4	Oct 30, 2023	IFRS
Oct - Dec, 2023	7,683	1,247	1,232	765	21.5	16.2	Jan 29, 2024	IFRS
Jan - Mar, 2024	7,717	1,116	1,097	913	25.6	14.5	May 7, 2024	IFRS
Apr - Jun, 2024	7,724	329	314	155	4.3	4.3	Jul 30, 2024	IFRS
Jul - Sep, 2024	8,900	808	728	472	13.2	9.1	Oct 28, 2024	IFRS
YoY	+21.4%	+6.5%	-2.0%	+11.6%	+11.5%