LaKeel,Inc., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 35% Decrease

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Thu Nov 14, 2024 1:00 pm JST Earnings

4074 LaKeel,Inc. 【J-GAAP】

Earnings Report

LaKeel,Inc. <4074> [TSE-G] announced its financial results in the afternoon session on November 14th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 13.4% from the same period last year, reaching 509 million yen.

However, the full-year consolidated ordinary profit has downwardly by 49.3%, from the previous forecast of 1.03 billion yen to 524 million yen (compared to 806 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 35.0% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has downwardly by 83.5%, from the previous forecast of 611 million yen to 101 million yen (compared to 519 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 80.5% decrease in profit.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit dropped to 86 million yen, a 46.9% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.6% in the same period last year to 4.3%.

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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	5,130	519	487	314	41.4	66.6	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	5,607	454	449	295	38.7	55.7	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	6,104	520	509	345	45.8	97.1	Nov 14, 2024	J-GAAP
YoY	+8.9%	+14.5%	+13.4%	+16.9%	+18.4%

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	5,049	608	611	381	53.7	0	Aug 9, 2024	J-GAAP
Jul - Dec, 2024 New	3,757	102	101	67	9.4	0	Nov 14, 2024	J-GAAP
Revision Rate	-25.6%	-83.2%	-83.5%	-82.4%	-82.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	9,215	1,044	1,034	668	94.1	0	Feb 14, 2024	J-GAAP
Dec, 2024 New	7,923	538	524	354	49.9	0	Nov 14, 2024	J-GAAP
Revision Rate	-14.0%	-48.5%	-49.3%	-47.0%	-47.0%

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	3,945	483	519	347	45.4	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	3,757	102	101	67	9.4	0	Nov 14, 2024	J-GAAP
YoY	-4.8%	-78.9%	-80.5%	-80.7%	-79.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	6,880	772	731	467	61.3	0	Feb 14, 2023	J-GAAP
Dec, 2023	7,653	774	806	539	70.6	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	7,923	538	524	354	49.9	0	Nov 14, 2024	J-GAAP
YoY	+3.5%	-30.5%	-35.0%	-34.3%	-29.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,899	163	162	103	13.5	8.6	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	2,046	320	357	244	32.0	15.6	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,087	282	276	188	24.7	13.5	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,079	154	147	99	13.0	7.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,938	84	86	58	7.7	4.3	Nov 14, 2024	J-GAAP
YoY	+2.1%	-48.5%	-46.9%	-43.7%	-43.0%