Livesense Inc., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 34%, July-September Ordinary Profit Decreases by 80%

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Thu Nov 14, 2024 2:00 pm JST Earnings

6054 Livesense Inc. 【J-GAAP】

Earnings Report

Livesense Inc. <6054> [TSE-S] announced its financial results in the afternoon session on November 14th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 33.7% from the same period last year to 338 million yen. The progress rate against the 360 million yen full-year plan was 93.9%, below the five-year average of 96.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to significant drop by 84.2% from the same period last year to 22 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 40 million yen, a 80.4% decrease compared to the same period last year. The operating profit margin sharply declined from 11.2% in the same period last year to 0.1%.

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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	3,515	232	386	456	16.7	88.1	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	4,274	390	510	469	17.1	78.6	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	4,743	227	338	287	10.5	93.9	Nov 14, 2024	J-GAAP
YoY	+11.0%	-41.8%	-33.7%	-38.8%	-38.9%

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	2,867	262	343	425	15.5	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	3,554	-25	62	73	2.7	0	Aug 14, 2024	J-GAAP
YoY	+24.0%	－	-81.9%	-82.8%	-82.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	4,757	284	438	537	19.6	0	Feb 13, 2023	J-GAAP
Dec, 2023	5,654	485	649	716	26.1	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	6,800	200	360	350	12.7	0	Feb 14, 2024	J-GAAP
YoY	+20.3%	-58.8%	-44.5%	-51.1%	-51.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,487	167	204	178	6.5	11.2	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	1,380	95	139	247	9.0	6.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,568	116	155	134	4.9	7.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,678	109	143	143	5.2	6.5	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,497	2	40	10	0.4	0.1	Nov 14, 2024	J-GAAP
YoY	+0.7%	-98.8%	-80.4%	-94.4%	-94.5%