LINTEC Corporation, The Current Fiscal Year Ordinary Profit Revised Upward by 35%, Highest in Three Terms, Dividend Revised Upward by 12 yen

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Thu Nov 7, 2024 1:00 pm JST Earnings

7966 LINTEC Corporation 【J-GAAP】

Earnings Report

LINTEC Corporation <7966> [TSE-P] announced its financial results in the afternoon session on November 7th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 3.3 times that of the same period last year, reaching 14.2 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 35.0%, from the previous forecast of 18 billion yen to 24.3 billion yen (compared to 11.5 billion yen in the previous period), increasing the growth rate from 56.0% to 2.1 times, reaches new record high for the first time in three terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 38.6% from the same period last year, reaching 10 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 88 yen to 100 yen (compared to 88 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.9 times that of the same period last year, reaching 6.67 billion yen. The operating profit margin drastically improved from 2.7% in the same period last year to 8.8%.

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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	144,422	9,776	12,127	8,791	127.7	77.7	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	131,735	3,190	4,299	1,966	28.8	37.3	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	158,476	13,687	14,266	10,814	158.1	58.7	Nov 7, 2024	J-GAAP
YoY	+20.3%	+329.1%	+231.8%	+450.1%	+449.6%

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	－	44	May 8, 2024	J-GAAP
Apr - Sep, 2024 Results	158,476	13,687	14,266	10,814	158.1	50	Nov 7, 2024	J-GAAP
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	290,000	18,000	18,000	13,000	190.0	88	May 8, 2024	J-GAAP
Mar, 2025 New	310,000	24,000	24,300	17,000	248.4	100	Nov 7, 2024	J-GAAP
Revision Rate	+6.9%	+33.3%	+35.0%	+30.8%	+30.8%

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	144,586	7,438	7,238	3,277	47.9	44	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	151,524	10,313	10,034	6,186	90.4	50	Nov 7, 2024	J-GAAP
YoY	+4.8%	+38.7%	+38.6%	+88.8%	+88.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	284,603	13,796	15,602	11,512	167.9	88	May 8, 2023	J-GAAP
Mar, 2024	276,321	10,628	11,537	5,243	76.7	88	May 8, 2024	J-GAAP
Mar, 2025 Guidance	310,000	24,000	24,300	17,000	248.4	100	Nov 7, 2024	J-GAAP
YoY	+12.2%	+125.8%	+110.6%	+224.2%	+224.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	66,699	1,832	2,331	866	12.7	2.7	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	71,794	3,326	3,099	2,028	29.7	4.6	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	72,792	4,112	4,139	1,249	18.3	5.6	May 8, 2024	J-GAAP
Apr - Jun, 2024	76,045	6,435	7,590	5,890	86.1	8.5	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	82,431	7,252	6,676	4,924	72.0	8.8	Nov 7, 2024	J-GAAP
YoY	+23.6%	+295.9%	+186.4%	+468.6%	+468.0%