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

Tue Jan 14, 2025 3:00 pm JST Earnings

2462 LIKE, Inc. 【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%

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