Ledax Co.,Ltd., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

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Wed Nov 13, 2024 3:30 pm JST Earnings

7602 Ledax Co.,Ltd. 【J-GAAP】

Earnings Report

Ledax Co.,Ltd. <7602> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 29 million yen (compared to a profit of 91 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 surge by 5.2 times that of the same period last year, reaching 304 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 14 million yen (compared to a profit of 111 million yen in the same period last year). The operating profit margin worsened from 2.0% in the same period last year to 0.3%.

Kabutan News

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	9,482	-93	-42	-82	-4.0	ー	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	8,808	20	91	37	1.8	61.1	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	9,759	-69	-29	-47	-2.3	ー	Nov 13, 2024	J-GAAP
YoY	+10.8%	－	－	－	－

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 15, 2024	J-GAAP
Apr - Sep, 2024 Results	9,759	-69	-29	-47	-2.3	0	Nov 13, 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	10,264	78	58	36	1.7	1	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	10,241	344	304	237	11.4	2	Nov 13, 2024	J-GAAP
YoY	-0.2%	+341.0%	+424.1%	+558.3%	+557.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	19,058	-499	-466	-514	-24.9	0	May 10, 2023	J-GAAP
Mar, 2024	19,072	98	149	73	3.5	1	May 15, 2024	J-GAAP
Mar, 2025 Guidance	20,000	275	275	190	9.2	2	May 15, 2024	J-GAAP
YoY	+4.9%	+180.6%	+84.6%	+160.3%	+159.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,511	92	111	91	4.5	2.0	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	4,343	-27	-69	-74	-3.6	-0.6	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	5,921	105	127	110	5.3	1.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	4,641	-83	-15	-55	-2.7	-1.8	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	5,118	14	-14	8	0.4	0.3	Nov 13, 2024	J-GAAP
YoY	+13.5%	-84.8%	－	-91.2%	-91.2%