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LEOPALACE21CORPORATION, First Half Ordinary Profit Increases by 28%

Fri Nov 8, 2024 3:30 pm JST Earnings

8848 LEOPALACE21CORPORATION 【J-GAAP】

Earnings Report

LEOPALACE21CORPORATION <8848> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 27.6% from the same period last year, reaching 16.7 billion yen, exceeded the previous forecast of 13.8 billion yen.

The progress rate against the 24.9 billion yen full-year plan was 67.2%, almost the same as the same period of the previous year of 67.3%.

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 grow by 28.4% from the same period last year, reaching 8.17 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 3.6% from the same period last year, reaching 6.48 billion yen. However, the operating profit margin remained almost flat, changing from 6.8% in the same period last year to 6.7%.

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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 202,460 6,962 5,434 3,691 11.2 83.3 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 211,848 14,828 13,111 11,850 36.5 67.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 216,165 17,426 16,729 10,596 33.4 67.2 Nov 8, 2024 J-GAAP
YoY +2.0% +17.5% +27.6% -10.6% -8.6%

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 213,100 14,600 13,800 12,800 40.3 5 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 216,165 17,426 16,729 10,596 33.4 5 Nov 8, 2024 J-GAAP
Revision Rate +1.4% +19.4% +21.2% -17.2% -17.2%

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 210,823 8,485 6,365 30,212 94.0 5 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 212,435 9,174 8,171 3,904 12.3 5 Nov 8, 2024 J-GAAP
YoY +0.8% +8.1% +28.4% -87.1% -86.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 406,449 9,879 6,526 19,810 60.2 0 May 12, 2023 J-GAAP
Mar, 2024 422,671 23,313 19,476 42,062 130.9 5 May 10, 2024 J-GAAP
Mar, 2025 Guidance 428,600 26,600 24,900 14,500 45.6 10 May 10, 2024 J-GAAP
YoY +1.4% +14.1% +27.8% -65.5% -65.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 105,473 7,206 6,260 5,223 16.1 6.8 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 104,728 5,181 3,455 3,028 9.4 4.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 106,095 3,304 2,910 27,184 84.6 3.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 108,917 10,289 10,244 6,084 19.2 9.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 107,248 7,137 6,485 4,512 14.2 6.7 Nov 8, 2024 J-GAAP
YoY +1.7% -1.0% +3.6% -13.6% -11.6%

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