Linical Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 67% Decrease

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Thu Nov 14, 2024 4:00 pm JST Earnings

2183 Linical Co., Ltd. 【J-GAAP】

Earnings Report

Linical Co., Ltd. <2183> [TSE-S] announced its financial results after the market closed on November 14th (16:00). 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 239 million yen (compared to a profit of 483 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit has downwardly by 75.4%, from the previous forecast of 1.04 billion yen to 258 million yen (compared to 790 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 67.3% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 61.9% from the same period last year, reaching 497 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 192 million yen (compared to a profit of 315 million yen in the same period last year). The operating profit/loss margin drastically worsened from 10.4% in the same period last year to -5.0%.

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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	5,920	373	614	468	20.8	47.9	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	6,064	421	483	178	7.9	61.1	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	5,426	-192	-239	-280	-12.4	ー	Nov 14, 2024	J-GAAP
YoY	-10.5%	－	－	－	－

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	5,426	-192	-239	-280	-12.4	0	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	12,669	1,009	1,047	697	30.9	16	May 15, 2024	J-GAAP
Mar, 2025 New	11,468	250	258	150	6.6	16	Nov 14, 2024	J-GAAP
Revision Rate	-9.5%	-75.2%	-75.4%	-78.5%	-78.5%

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	6,243	304	307	160	7.1	15	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,042	442	497	430	19.0	16	Nov 14, 2024	J-GAAP
YoY	-3.2%	+45.4%	+61.9%	+168.8%	+168.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	12,516	1,256	1,283	1,004	44.5	14	May 15, 2023	J-GAAP
Mar, 2024	12,307	725	790	338	15.0	15	May 15, 2024	J-GAAP
Mar, 2025 Guidance	11,468	250	258	150	6.6	16	Nov 14, 2024	J-GAAP
YoY	-6.8%	-65.5%	-67.3%	-55.6%	-55.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,982	309	315	175	7.8	10.4	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	3,184	220	149	75	3.3	6.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	3,059	84	158	85	3.8	2.7	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,926	-66	-47	-82	-3.6	-2.3	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	2,500	-126	-192	-198	-8.8	-5.0	Nov 14, 2024	J-GAAP
YoY	-16.2%	－	－	－	－