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LEADER ELECTRONICS CORPORATION, First Half Ordinary Profit Revised Downward to a Loss

Thu Nov 7, 2024 4:00 pm JST Earnings

6867 LEADER ELECTRONICS CORPORATION 【J-GAAP】

Earnings Report

LEADER ELECTRONICS CORPORATION <6867> [TSE-S] announced its financial results after the market closed on November 7th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 291 million yen (compared to a profit of 216 million yen in the same period last year), reversing from the forecast of a 50 million yen to a loss

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 surge by 6.8 times that of the same period last year, reaching 541 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 201 million yen (compared to a profit of 61 million yen in the same period last year). The operating profit/loss margin drastically worsened from 5.7% in the same period last year to -14.5%.

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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 1,655 -407 -335 -338 -75.6 ー Nov 4, 2022 J-GAAP
Apr - Sep, 2023 2,214 117 216 117 26.2 73.2 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 1,843 -239 -291 -294 -87.2 ー Nov 7, 2024 J-GAAP
YoY -16.8% － － － －

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 2,100 50 50 40 11.9 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 1,843 -239 -291 -294 -87.2 0 Nov 7, 2024 J-GAAP
Revision Rate -12.2% － － － －

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 2,330 99 79 20 4.6 15 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,807 489 541 484 142.8 15 Nov 7, 2024 J-GAAP
YoY +20.5% +393.9% +584.8% +2,320.0% +3,018.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 4,063 -314 -214 -644 -143.8 10 May 15, 2023 J-GAAP
Mar, 2024 4,544 216 295 137 31.4 15 May 15, 2024 J-GAAP
Mar, 2025 Guidance 4,650 250 250 190 56.1 15 May 15, 2024 J-GAAP
YoY +2.3% +15.7% -15.3% +38.7% +78.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,244 71 61 -9 -2.0 5.7 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 1,013 -28 -50 -69 -15.6 -2.8 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 1,317 127 129 89 20.4 9.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 843 -94 -90 -124 -37.0 -11.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 1,000 -145 -201 -170 -50.4 -14.5 Nov 7, 2024 J-GAAP
YoY -19.6% － － -1,788.9% -2,396.0%

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