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

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%.

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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 8,427 297 275 163 13.3 3.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 8,289 -307 -323 -248 -20.2 -3.7 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% － － － －

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