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Link and Motivation Inc., January-September (Third Quarter Cumulative) Net Income Increases by 36%, Current Fiscal Year Dividend Revised Upward by 0.3 yen

Wed Nov 13, 2024 12:00 pm JST Earnings

2170 Link and Motivation Inc. 【IFRS】

Earnings Report

Link and Motivation Inc. <2170> [TSE-P] announced its financial results (based on IFRS) at noon (12:00) on November 13th. The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 2.49 billion yen, an increase of 36.3% compared to the same period last year. The progress rate against the 3.24 billion yen full-year plan was 76.8%, it was below the five-year average of 97.6%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to decrease by 25.5% from the same period last year to 755 million yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 11.9 yen to 12.2 yen (compared to 11.3 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated net income increased by 42.2% from the same period last year, reaching 816 million yen. The operating profit margin rose from 13.3% in the same period last year to 14.4%.

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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 24,399 3,143 3,034 1,865 16.7 86.7 Nov 11, 2022 IFRS
Jan - Sep, 2023 25,052 3,323 3,283 1,829 16.4 71.9 Nov 13, 2023 IFRS
Jan - Sep, 2024 27,430 4,030 3,955 2,493 23.2 ー Nov 13, 2024 IFRS
YoY +9.5% +21.3% +20.5% +36.3% +41.3%

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 18,897 2,662 ー 1,571 14.8 6 Aug 9, 2024 IFRS
Jul - Dec, 2024 New 18,897 2,662 ー 1,571 14.8 6.30 Nov 13, 2024 IFRS
Revision Rate 0.0% 0.0% － 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 36,900 5,330 ー 3,248 30.5 11.90 May 14, 2024 IFRS
Dec, 2024 New 36,900 5,330 ー 3,248 30.5 12.20 Nov 13, 2024 IFRS
Revision Rate 0.0% 0.0% － 0.0% 0.0%

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 17,254 2,408 2,377 1,587 14.3 5.70 Feb 13, 2024 IFRS
Jul - Dec, 2024 Guidance 18,897 2,662 ー 1,571 14.8 6.30 Nov 13, 2024 IFRS
YoY +9.5% +10.5% － -1.0% +3.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 32,776 3,627 3,501 2,058 18.5 7.70 Feb 13, 2023 IFRS
Dec, 2023 33,969 4,623 4,567 2,842 25.5 11.30 Feb 13, 2024 IFRS
Dec, 2024 Guidance 36,900 5,330 ー 3,248 30.5 12.20 Nov 13, 2024 IFRS
YoY +8.6% +15.3% － +14.3% +19.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,337 1,108 1,093 574 5.1 13.3 Nov 13, 2023 IFRS
Oct - Dec, 2023 8,917 1,300 1,284 1,013 9.1 14.6 Feb 13, 2024 IFRS
Jan - Mar, 2024 8,307 800 784 525 4.8 9.6 May 14, 2024 IFRS
Apr - Jun, 2024 9,696 1,868 1,850 1,152 10.7 19.3 Aug 9, 2024 IFRS
Jul - Sep, 2024 9,427 1,362 1,321 816 7.6 14.4 Nov 13, 2024 IFRS
YoY +13.1% +22.9% +20.9% +42.2% +47.5%

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