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

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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%.

Kabutan News

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%