Ligua Inc., First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Turns to Loss

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Tue Nov 12, 2024 3:30 pm JST Earnings

7090 Ligua Inc. 【J-GAAP】

Earnings Report

Ligua Inc. <7090> [TSE-G] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 61 million yen (compared to a loss of 53 million yen in the same period last year).

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 grow by 24.0% from the same period last year, reaching 181 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 28 million yen (compared to a profit of 19 million yen in the same period last year). The operating profit/loss margin drastically worsened from 2.7% in the same period last year to -3.0%.

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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	1,236	-356	-365	-265	-189.0	ー	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	1,607	-33	-53	-73	-51.4	ー	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	1,514	-43	-61	-81	-54.9	ー	Nov 12, 2024	J-GAAP
YoY	-5.8%	-30.3%	-15.1%	-11.0%	-6.8%

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 9, 2024	J-GAAP
Apr - Sep, 2024 Results	1,514	-43	-61	-81	-54.9	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	1,823	151	146	177	122.3	0	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,844	175	181	170	114.1	0	Nov 12, 2024	J-GAAP
YoY	+1.2%	+15.9%	+24.0%	-4.0%	-6.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,837	-508	-527	-774	-552.1	0	May 9, 2023	J-GAAP
Mar, 2024	3,430	118	93	104	71.9	0	May 9, 2024	J-GAAP
Mar, 2025 Guidance	3,358	132	120	89	59.7	0	May 9, 2024	J-GAAP
YoY	-2.1%	+11.9%	+29.0%	-14.4%	-16.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	840	23	19	12	8.5	2.7	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	1,008	144	138	148	103.3	14.3	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	815	7	8	29	20.0	0.9	May 9, 2024	J-GAAP
Apr - Jun, 2024	803	-22	-33	-47	-32.0	-2.7	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	711	-21	-28	-34	-23.1	-3.0	Nov 12, 2024	J-GAAP
YoY	-15.4%	－	－	－	－