LIBERTA CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 13% Decrease

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Thu Nov 14, 2024 4:00 pm JST Earnings

4935 LIBERTA CO.,LTD. 【J-GAAP】

Earnings Report

LIBERTA CO.,LTD. <4935> [TSE-S] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 43 million yen (compared to a profit of 89 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit has downwardly by 44.0%, from the previous forecast of 250 million yen to 140 million yen (compared to 161 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 13.0% 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 37.7%, from the previous forecast of 292 million yen to 182 million yen (compared to 41 million yen in the same period of the previous year), leading to a reduction in the profit growth rate from 7.1 times to 4.4 times.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary loss improved to a deficit of loss of 1 million yen (compared to a loss of 31 million yen in the same period last year). The operating profit/loss margin improved from -1.8% in the same period last year to 0.7%.

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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	4,507	17	34	0	-0.2	17.0	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	4,962	108	89	39	6.7	55.3	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	6,191	-24	-43	-70	-11.8	ー	Nov 14, 2024	J-GAAP
YoY	+24.8%	－	－	－	－

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	5,520	333	292	182	30.4	9	Aug 9, 2024	J-GAAP
Jul - Dec, 2024 New	4,220	198	182	136	22.8	9	Nov 14, 2024	J-GAAP
Revision Rate	-23.6%	-40.5%	-37.7%	-25.3%	-25.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	9,700	294	250	120	20.1	9	Feb 13, 2024	J-GAAP
Dec, 2024 New	8,400	159	140	74	12.4	9	Nov 14, 2024	J-GAAP
Revision Rate	-13.4%	-45.9%	-44.0%	-38.3%	-38.3%

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	3,711	36	41	42	7.1	9	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	4,220	198	182	136	22.8	9	Nov 14, 2024	J-GAAP
YoY	+13.7%	+450.0%	+343.9%	+223.8%	+220.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	6,638	167	200	114	17.8	9	Feb 14, 2023	J-GAAP
Dec, 2023	7,087	172	161	111	18.7	9	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	8,400	159	140	74	12.4	9	Nov 14, 2024	J-GAAP
YoY	+18.5%	-7.6%	-13.0%	-33.3%	-33.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,586	-28	-31	-30	-5.1	-1.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	2,125	64	72	72	12.2	3.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	1,651	-183	-181	-143	-24.2	-11.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,529	144	139	81	13.7	5.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,011	15	-1	-8	-1.4	0.7	Nov 14, 2024	J-GAAP
YoY	+26.8%	－	+96.8%	+73.3%	+73.7%