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LIXIL, Apr-Dec (Cumulative 3Q) Net Income Decreases by 37%

Fri Jan 31, 2025 3:30 pm JST Earnings

5938 LIXIL Corporation 【IFRS】

Earnings Report

LIXIL Corporation <5938> [TSE Prime] announced its financial results (based on IFRS) after the market closed on January 31st (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 36.8% from the same period last year to 4.28 billion yen. The progress rate toward the full-year plan of 8 billion yen was 53.5%, also falling below the five-year average of 129.1%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the January to March period (4Q) is expected to turn into a profit of 3.71 billion yen (compared to a loss of 20.6 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net income increased 30.6% from the same period last year, reaching 8.21 billion yen. However, the operating profit margin remained almost flat, changing from 4.8% in the same period last year to 4.6%.

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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
Apr - Dec, 2022 1,123,817 24,240 21,422 11,019 38.2 108.4 Jan 31, 2023 IFRS
Apr - Dec, 2023 1,122,938 25,459 19,176 6,781 23.6 287.8 Jan 31, 2024 IFRS
Apr - Dec, 2024 1,140,456 28,406 21,276 4,283 14.9 141.8 Jan 31, 2025 IFRS
YoY +1.6% +11.6% +11.0% -36.8% -36.9%

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 750,975 9,720 4,019 -14,397 -50.1 45 Apr 30, 2024 IFRS
Oct - Mar, 2024 Guidance 830,225 15,120 10,913 11,932 41.5 45 Oct 30, 2024 IFRS
YoY +10.6% +55.6% +171.5% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,495,987 24,903 19,759 15,991 55.5 90 Apr 28, 2023 IFRS
Mar, 2024 1,483,224 16,351 6,664 -13,908 -48.4 90 Apr 30, 2024 IFRS
Mar, 2025 Guidance 1,570,000 25,000 15,000 8,000 27.9 90 Apr 30, 2024 IFRS
YoY +5.9% +52.9% +125.1% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 390,689 18,828 16,531 6,292 21.9 4.8 Jan 31, 2024 IFRS
Jan - Mar, 2024 360,286 -9,108 -12,512 -20,689 -72.0 -2.5 Apr 30, 2024 IFRS
Apr - Jun, 2024 369,813 -482 -3,277 -5,858 -20.4 -0.1 Jul 30, 2024 IFRS
Jul - Sep, 2024 369,962 10,362 7,364 1,926 6.7 2.8 Oct 30, 2024 IFRS
Oct - Dec, 2024 400,681 18,526 17,189 8,215 28.6 4.6 Jan 31, 2025 IFRS
YoY +2.6% -1.6% +4.0% +30.6% +30.5%

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