Lilycolor Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Downward by 74%

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Fri Nov 8, 2024 4:00 pm JST Earnings

9827 Lilycolor Co., Ltd. 【J-GAAP】

Earnings Report

Lilycolor Co., Ltd. <9827> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The ordinary profit/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 221 million yen (compared to a profit of 1.27 billion yen in the same period last year).

In addition, the full-year ordinary profit has downwardly by 74.3%, from the previous forecast of 350 million yen to 90 million yen (compared to 1.41 billion yen in the previous period), leading to an increase in the profit decline rate from 75.2% to 93.6%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the July to December period (second half) has downwardly by 65.3%, from the previous forecast of 398 million yen to 138 million yen (compared to 355 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 61.1% decrease in profit.

In the most recent three-month period, from July to September (3Q), the ordinary profit/loss turned to a loss of 173 million yen (compared to a profit of 218 million yen in the same period last year). The operating profit/loss margin drastically worsened from 2.9% in the same period last year to -1.8%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	24,785	1,477	1,448	935	76.1	91.0	Nov 2, 2022	J-GAAP
Jan - Sep, 2023	24,436	1,306	1,277	829	67.5	90.3	Nov 2, 2023	J-GAAP
Jan - Sep, 2024	25,349	-167	-221	-213	-17.4	ー	Nov 8, 2024	J-GAAP
YoY	+3.7%	－	－	－	－

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	18,684	420	398	555	45.1	36	Aug 9, 2024	J-GAAP
Jul - Dec, 2024 New	17,084	160	138	95	7.7	36	Nov 8, 2024	J-GAAP
Revision Rate	-8.6%	-61.9%	-65.3%	-82.9%	-82.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	35,400	410	350	470	38.2	36	Aug 9, 2024	J-GAAP
Dec, 2024 New	33,800	150	90	10	0.8	36	Nov 8, 2024	J-GAAP
Revision Rate	-4.5%	-63.4%	-74.3%	-97.9%	-97.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	16,191	361	355	260	21.2	14.50	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	17,084	160	138	95	7.7	36	Nov 8, 2024	J-GAAP
YoY	+5.5%	-55.7%	-61.1%	-63.5%	-63.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	33,253	1,622	1,591	961	78.2	14.50	Feb 10, 2023	J-GAAP
Dec, 2023	32,770	1,440	1,414	929	75.6	14.50	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	33,800	150	90	10	0.8	36	Nov 8, 2024	J-GAAP
YoY	+3.1%	-89.6%	-93.6%	-98.9%	-98.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,857	227	218	160	13.0	2.9	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	8,334	134	137	100	8.1	1.6	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	8,427	201	180	96	7.9	2.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	8,289	-211	-228	-181	-14.7	-2.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	8,633	-157	-173	-128	-10.4	-1.8	Nov 8, 2024	J-GAAP
YoY	+9.9%	－	－	－	－