LOBTEX.CO.,LTD., First Half Ordinary Profit Decreases by 11%, July-September Ordinary Profit Decreases by 47%

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Tue Nov 12, 2024 10:00 am JST Earnings

5969 LOBTEX.CO.,LTD. 【J-GAAP】

Earnings Report

LOBTEX.CO.,LTD. <5969> [TSE-S] announced its financial results in the morning on November 12th (10:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 10.9% from the same period last year to 139 million yen. The progress rate against the 300 million yen full-year plan was 46.3%, almost the same as the five-year average of 44.3%.

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 drop by 41.9% from the same period last year to 161 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 59 million yen, a 47.3% decrease compared to the same period last year. The operating profit margin worsened from 7.6% in the same period last year to 4.7%.

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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	2,914	247	255	154	83.0	51.7	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	2,821	145	156	93	49.9	36.0	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	2,776	137	139	80	43.1	46.3	Nov 12, 2024	J-GAAP
YoY	-1.6%	-5.5%	-10.9%	-14.0%	-13.5%

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	ー	ー	ー	ー	－	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	2,776	137	139	80	43.1	0	Nov 12, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	3,104	209	277	186	99.9	35	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,294	163	161	110	58.9	30	Nov 12, 2024	J-GAAP
YoY	+6.1%	-22.0%	-41.9%	-40.9%	-41.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	5,950	484	493	314	168.4	30	May 11, 2023	J-GAAP
Mar, 2024	5,925	354	433	279	149.9	35	May 10, 2024	J-GAAP
Mar, 2025 Guidance	6,070	300	300	190	101.8	30	May 10, 2024	J-GAAP
YoY	+2.4%	-15.3%	-30.7%	-31.9%	-32.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,479	112	112	70	37.5	7.6	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	1,454	65	67	33	17.8	4.5	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	1,650	144	210	153	82.2	8.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	1,404	73	80	42	22.6	5.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,372	64	59	38	20.5	4.7	Nov 12, 2024	J-GAAP
YoY	-7.2%	-42.9%	-47.3%	-45.7%	-45.4%