LEOPALACE21CORPORATION, First Half Ordinary Profit Increases by 28%

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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%