Landix Inc., First Half Ordinary Profit Increases by 23%, July-September Ordinary Profit Increases by 2.3 times

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Tue Nov 12, 2024 4:00 pm JST Earnings

2981 Landix Inc. 【J-GAAP】

Earnings Report

Landix Inc. <2981> [TSE-G] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 22.8% from the same period last year, reaching 825 million yen. The progress rate against the 1.63 billion yen full-year plan was 50.6%, it was below the five-year average of 58.5%.

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 expand by 56.9% from the same period last year, reaching 805 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.3 times that of the same period last year, reaching 731 million yen. The operating profit margin drastically improved from 7.0% in the same period last year to 13.4%.

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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	7,579	1,135	1,097	717	253.7	68.4	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	8,850	715	672	466	165.1	56.7	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	9,490	889	825	535	189.0	50.6	Nov 12, 2024	J-GAAP
YoY	+7.2%	+24.3%	+22.8%	+14.8%	+14.5%

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	9,490	889	825	535	189.0	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	8,191	564	513	324	114.5	73	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	10,510	861	805	525	185.2	75	Nov 12, 2024	J-GAAP
YoY	+28.3%	+52.7%	+56.9%	+62.0%	+61.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	15,017	1,682	1,603	1,050	371.4	68	May 12, 2023	J-GAAP
Mar, 2024	17,041	1,279	1,185	790	279.2	73	May 10, 2024	J-GAAP
Mar, 2025 Guidance	20,000	1,750	1,630	1,060	374.0	75	May 10, 2024	J-GAAP
YoY	+17.4%	+36.8%	+37.6%	+34.2%	+33.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,999	348	321	209	74.1	7.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,319	-64	-89	-62	-21.9	-2.8	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	5,872	628	602	386	136.4	10.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	3,758	121	94	57	20.5	3.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	5,732	768	731	478	168.9	13.4	Nov 12, 2024	J-GAAP
YoY	+14.7%	+120.7%	+127.7%	+128.7%	+128.0%