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LTS,Inc., The Current Fiscal Year Net Income Revised Upward by 41%, Adds to Record High Profit Forecast

Tue Nov 12, 2024 3:30 pm JST Earnings

6560 LTS,Inc. 【J-GAAP】

Earnings Report

LTS,Inc. <6560> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 700 million yen, an increase of 89.7% compared to the same period last year.

In addition, the full-year consolidated net income has been revised upward by 40.6%, from the previous forecast of 690 million yen to 970 million yen (compared to 456 million yen in the previous period), increasing the growth rate from 51.3% to 2.1 times, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the July to December period (second half) is expected to increase by 84.3%, from the previous forecast of 332 million yen to 612 million yen (compared to 140 million yen in the same period of the previous year), increasing the growth rate from 2.4 times to 4.4 times.

In the most recent three-month period, from July to September (3Q), the consolidated net income surged to 6.5 times that of the same period last year, reaching 342 million yen. The operating profit margin improved from 5.5% in the same period last year to 8.3%.

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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 7,014 426 419 273 66.2 85.7 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 8,231 545 580 369 82.0 77.5 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 12,246 766 795 700 156.1 69.1 Nov 12, 2024 J-GAAP
YoY +48.8% +40.6% +37.1% +89.7% +90.4%

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 8,480 836 717 332 72.8 30 Aug 13, 2024 J-GAAP
Jul - Dec, 2024 New 8,480 836 717 612 134.1 30 Nov 12, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +84.3% +84.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 16,500 1,250 1,150 690 151.2 30 Feb 13, 2024 J-GAAP
Dec, 2024 New 16,500 1,250 1,150 970 212.5 30 Nov 12, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +40.6% +40.6%

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 6,736 317 286 138 30.6 0 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 8,480 836 717 612 134.1 30 Nov 12, 2024 J-GAAP
YoY +25.9% +163.7% +150.7% +343.5% +337.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 9,637 501 489 232 55.4 0 Feb 10, 2023 J-GAAP
Dec, 2023 12,242 712 748 454 100.8 0 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 16,500 1,250 1,150 970 212.5 30 Nov 12, 2024 J-GAAP
YoY +34.8% +75.6% +53.7% +113.7% +110.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,725 150 118 53 11.8 5.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 4,011 167 168 85 18.9 4.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 4,066 354 371 308 68.5 8.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 3,954 60 62 50 11.2 1.5 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 4,226 352 362 342 76.3 8.3 Nov 12, 2024 J-GAAP
YoY +55.1% +134.7% +206.8% +545.3% +547.8%

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