LIKE Co, First Half Ordinary Profit Decreases by 30%, Sep-Nov Ordinary Profit Decreases by 38%

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Tue Jan 14, 2025 3:00 pm JST Earnings

2462 LIKE Co.,Ltd. 【J-GAAP】

Earnings Report

LIKE Co.,Ltd. <2462> [TSE Prime] announced its financial results in the afternoon session on January 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) decreased 29.7% from the same period last year to 0.78 billion yen. The progress rate toward the full-year plan of 4 billion yen was 19.6%, also falling below the five-year average of 28.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to May period (2H) is expected to grow 13.3% from the same period last year, reaching 3.21 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit dropped to 0.49 billion yen, a 38.3% decrease compared to the same period last year. The operating profit margin worsened from 3.2% in the same period last year to 2.8%.

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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
Jun - Nov, 2022	28,659	1,079	1,244	710	37.0	29.2	Jan 10, 2023	J-GAAP
Jun - Nov, 2023	28,879	806	1,113	689	35.9	28.2	Jan 12, 2024	J-GAAP
Jun - Nov, 2024	29,057	725	782	440	22.9	19.6	Jan 14, 2025	J-GAAP
YoY	+0.6%	-10.0%	-29.7%	-36.1%	-36.2%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Guidance	ー	ー	ー	ー	－	29	Jul 12, 2024	J-GAAP
Jun - Nov, 2024 Results	29,057	725	782	440	22.9	29	Jan 14, 2025	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	31,590	2,527	2,840	1,758	91.6	29	Jul 12, 2024	J-GAAP
Dec - May, 2024 Guidance	33,943	2,625	3,218	2,060	107.4	29	Jan 14, 2025	J-GAAP
YoY	+7.4%	+3.9%	+13.3%	+17.2%	+17.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	60,015	3,580	4,255	2,568	133.9	58	Jul 14, 2023	J-GAAP
May, 2024	60,469	3,333	3,953	2,447	127.6	58	Jul 12, 2024	J-GAAP
May, 2025 Guidance	63,000	3,350	4,000	2,500	130.3	58	Jul 12, 2024	J-GAAP
YoY	+4.2%	+0.5%	+1.2%	+2.2%	+2.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	14,564	466	798	527	27.5	3.2	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	14,601	651	625	288	15.0	4.5	Apr 10, 2024	J-GAAP
Mar - May, 2024	16,989	1,876	2,215	1,470	76.6	11.0	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	14,345	315	290	166	8.7	2.2	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	14,712	410	492	274	14.3	2.8	Jan 14, 2025	J-GAAP
YoY	+1.0%	-12.0%	-38.3%	-48.0%	-48.0%