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LIXIL Corporation, July-September (2Q) Net Income Increases by 17 times

Wed Oct 30, 2024 3:30 pm JST Earnings

5938 LIXIL Corporation 【IFRS】

Earnings Report

LIXIL Corporation <5938> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 30th (15:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 3.93 billion yen (compared to a profit of 489 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a profit of 11.9 billion yen (compared to a loss of 14.3 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income surged to 17 times that of the same period last year, reaching 1.92 billion yen. The operating profit margin improved from 1.1% in the same period last year to 2.8%.

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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 732,650 10,039 9,995 3,710 12.9 50.6 Oct 31, 2022 IFRS
Apr - Sep, 2023 732,249 6,631 2,645 489 1.7 39.7 Oct 31, 2023 IFRS
Apr - Sep, 2024 739,775 9,880 4,087 -3,932 -13.7 27.2 Oct 30, 2024 IFRS
YoY +1.0% +49.0% +54.5%

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 45 Apr 30, 2024 IFRS
Apr - Sep, 2024 Results 739,775 9,880 4,087 -3,932 -13.7 45 Oct 30, 2024 IFRS
Revision Rate

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 750,975 9,720 4,019 -14,397 -50.1 45 Apr 30, 2024 IFRS
Oct - Mar, 2024 Guidance 830,225 15,120 10,913 11,932 41.5 45 Oct 30, 2024 IFRS
YoY +10.6% +55.6% +171.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,495,987 24,903 19,759 15,991 55.5 90 Apr 28, 2023 IFRS
Mar, 2024 1,483,224 16,351 6,664 -13,908 -48.4 90 Apr 30, 2024 IFRS
Mar, 2025 Guidance 1,570,000 25,000 15,000 8,000 27.9 90 Apr 30, 2024 IFRS
YoY +5.9% +52.9% +125.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 373,092 4,206 2,267 112 0.4 1.1 Oct 31, 2023 IFRS
Oct - Dec, 2023 390,689 18,828 16,531 6,292 21.9 4.8 Jan 31, 2024 IFRS
Jan - Mar, 2024 360,286 -9,108 -12,512 -20,689 -72.0 -2.5 Apr 30, 2024 IFRS
Apr - Jun, 2024 369,813 -482 -3,277 -5,858 -20.4 -0.1 Jul 30, 2024 IFRS
Jul - Sep, 2024 369,962 10,362 7,364 1,926 6.7 2.8 Oct 30, 2024 IFRS
YoY -0.8% +146.4% +224.8% +1,619.6% +1,620.5%

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