LAND, Mar-Nov (Cumulative 3Q) Ordinary Profit Turns to Profit, Sep-Nov Ordinary Profit Turns to Profit

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Thu Jan 9, 2025 3:30 pm JST Earnings

8918 LAND Co.,Ltd. 【J-GAAP】

Earnings Report

LAND Co.,Ltd. <8918> [TSE Std] announced its financial results after the market closed on January 9th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending February 2025 (March to November) turned into a profit of 0.97 billion yen (compared to a loss of 0.11 billion yen in the same period last year). The progress rate toward the full-year plan of 1 billion yen was 97.0%, it was below the five-year average of 113.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to significant drop 91.9% from the same period last year to 0.03 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit/loss turned to a profit of 0.14 billion yen (compared to a loss of 0.06 billion yen in the same period last year). The operating profit/loss margin drastically improved from -23.2% in the same period last year to 10.0%.

Kabutan News

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
Mar - Nov, 2022	3,890	1,664	1,711	1,586	1.1	126.1	Jan 12, 2023	J-GAAP
Mar - Nov, 2023	727	-135	-117	-127	-0.1	ー	Jan 11, 2024	J-GAAP
Mar - Nov, 2024	4,725	977	970	744	0.5	97.0	Jan 9, 2025	J-GAAP
YoY	+549.9%	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	1,568	320	302	294	0.2	0.10	Apr 11, 2024	J-GAAP
Sep - Feb, 2024 Guidance	2,571	172	179	283	0.2	－	Oct 10, 2024	J-GAAP
YoY	+64.0%	-46.3%	-40.7%	-3.7%	-9.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	4,102	1,293	1,357	1,276	0.9	0.10	Apr 13, 2023	J-GAAP
Feb, 2024	2,101	230	253	240	0.2	0.10	Apr 11, 2024	J-GAAP
Feb, 2025 Guidance	5,800	1,000	1,000	900	0.6	－	Apr 11, 2024	J-GAAP
YoY	+176.1%	+334.8%	+295.3%	+275.0%	+247.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	194	-45	-68	-73	-0.1	-23.2	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	1,374	365	370	367	0.3	26.6	Apr 11, 2024	J-GAAP
Mar - May, 2024	112	-154	-161	-162	-0.1	-137.5	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	3,117	982	982	779	0.5	31.5	Oct 10, 2024	J-GAAP
Sep - Nov, 2024	1,496	149	149	127	0.1	10.0	Jan 9, 2025	J-GAAP
YoY	+671.1%	－	－	－	－