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

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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%