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

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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%