LONSEAL CORPORATION, First Half Ordinary Profit Decreases by 27%, July-September Ordinary Profit Decreases by 48%

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Thu Nov 7, 2024 2:00 pm JST Earnings

4224 LONSEAL CORPORATION 【J-GAAP】

Earnings Report

LONSEAL CORPORATION <4224> [TSE-S] announced its financial results in the afternoon session on November 7th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 27.1% from the same period last year to 349 million yen. The progress rate against the 700 million yen full-year plan was 49.9%, which was higher than the five-year average of 43.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 50.4% from the same period last year to 351 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 135 million yen, a 48.3% decrease compared to the same period last year. The operating profit margin worsened from 4.5% in the same period last year to 3.4%.

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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	9,217	291	376	271	58.9	56.3	Nov 2, 2022	J-GAAP
Apr - Sep, 2023	10,127	411	479	317	68.8	40.4	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	10,363	326	349	252	54.9	49.9	Nov 7, 2024	J-GAAP
YoY	+2.3%	-20.7%	-27.1%	-20.5%	-20.2%

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	10,500	300	300	200	43.4	－	Aug 5, 2024	J-GAAP
Apr - Sep, 2024 Results	10,363	326	349	252	54.9	－	Nov 7, 2024	J-GAAP
Revision Rate	-1.3%	+8.7%	+16.3%	+26.0%	+26.5%

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	10,894	660	707	518	112.5	70	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	11,137	274	351	198	43.0	70	Nov 7, 2024	J-GAAP
YoY	+2.2%	-58.5%	-50.4%	-61.8%	-61.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	19,560	568	668	448	97.3	60	May 15, 2023	J-GAAP
Mar, 2024	21,021	1,071	1,186	835	181.3	70	May 14, 2024	J-GAAP
Mar, 2025 Guidance	21,500	600	700	450	97.7	70	May 14, 2024	J-GAAP
YoY	+2.3%	-44.0%	-41.0%	-46.1%	-46.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,293	239	261	165	35.8	4.5	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	5,816	443	452	311	67.6	7.6	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	5,078	217	255	207	44.9	4.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	5,150	149	214	155	33.7	2.9	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	5,213	177	135	97	21.1	3.4	Nov 7, 2024	J-GAAP
YoY	-1.5%	-25.9%	-48.3%	-41.2%	-41.0%