LY Corporation, First Half Net Income Decreases by 7%, July-September Net Income Decreases by 37%

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Tue Nov 5, 2024 3:30 pm JST Earnings

4689 LY Corporation 【IFRS】

Earnings Report

LY Corporation <4689> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 5th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 6.9% from the same period last year to 87.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income dropped to 35.7 billion yen, a 36.7% decrease compared to the same period last year. However, the operating profit margin rose from 12.9% in the same period last year to 14.2%.

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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	784,909	99,478	87,683	40,307	5.4	37.3	Nov 2, 2022	IFRS
Apr - Sep, 2023	871,799	116,128	123,420	93,736	12.5	68.0	Nov 7, 2023	IFRS
Apr - Sep, 2024	925,293	172,659	144,735	87,254	11.6	ー	Nov 5, 2024	IFRS
YoY	+6.1%	+48.7%	+17.3%	-6.9%	-6.9%

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 8, 2024	IFRS
Apr - Sep, 2024 Results	925,293	172,659	144,735	87,254	11.6	0	Nov 5, 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	942,864	92,063	58,201	19,463	2.6	5.56	May 8, 2024	IFRS
Oct - Mar, 2024 Guidance	1,009,707	ー	ー	ー	－	5.56	Nov 5, 2024	IFRS
YoY	+7.1%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,672,377	314,533	235,219	178,868	23.9	5.56	Apr 28, 2023	IFRS
Mar, 2024	1,814,663	208,191	181,621	113,199	15.1	5.56	May 8, 2024	IFRS
Mar, 2025 Guidance	1,935,000	ー	ー	ー	－	5.56	May 8, 2024	IFRS
YoY	+6.6%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	441,276	56,731	50,222	56,420	7.5	12.9	Nov 7, 2023	IFRS
Oct - Dec, 2023	475,041	58,152	46,759	28,712	3.8	12.2	Feb 6, 2024	IFRS
Jan - Mar, 2024	467,823	33,911	11,442	-9,249	-1.2	7.2	May 8, 2024	IFRS
Apr - Jun, 2024	463,085	106,802	87,699	51,527	6.9	23.1	Aug 2, 2024	IFRS
Jul - Sep, 2024	462,208	65,857	57,036	35,727	4.8	14.2	Nov 5, 2024	IFRS
YoY	+4.7%	+16.1%	+13.6%	-36.7%	-36.6%