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

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%.

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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
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% － － － －

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