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LOOK HOLDINGS INCORPRATED, January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 37%, July-September Ordinary Profit Decreases by 46%

Mon Nov 11, 2024 4:00 pm JST Earnings

8029 LOOK HOLDINGS INCORPRATED 【J-GAAP】

Earnings Report

LOOK HOLDINGS INCORPRATED <8029> [TSE-S] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 36.8% from the same period last year to 1.66 billion yen. The progress rate against the 3.1 billion yen full-year plan was 53.8%, also falling below the five-year average of 58.6%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 52.7% from the same period last year, reaching 1.43 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit dropped to 446 million yen, a 46.4% decrease compared to the same period last year. The operating profit margin worsened from 5.9% in the same period last year to 3.7%.

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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 39,244 2,748 3,201 2,303 304.9 79.9 Nov 10, 2022 J-GAAP
Jan - Sep, 2023 39,926 2,137 2,640 1,729 234.8 73.8 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 39,517 1,415 1,668 987 133.4 53.8 Nov 11, 2024 J-GAAP
YoY -1.0% -33.8% -36.8% -42.9% -43.2%

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 28,398 1,690 1,770 1,305 177.1 80 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 29,009 1,928 1,878 1,493 201.1 100 Aug 7, 2024 J-GAAP
YoY +2.2% +14.1% +6.1% +14.4% +13.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 54,687 3,703 4,005 2,665 355.2 60 Feb 14, 2023 J-GAAP
Dec, 2023 55,475 3,069 3,578 2,458 333.5 80 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 56,500 2,900 3,100 2,200 296.3 100 Aug 5, 2024 J-GAAP
YoY +1.8% -5.5% -13.4% -10.5% -11.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,849 758 832 576 78.2 5.9 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 15,549 932 938 729 98.9 6.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 13,939 932 1,010 668 90.4 6.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 13,552 40 212 39 5.3 0.3 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 12,026 443 446 280 37.8 3.7 Nov 11, 2024 J-GAAP
YoY -6.4% -41.6% -46.4% -51.4% -51.6%

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