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LOBTEX, The Current Fiscal Year Ordinary Profit Revised Downward by 27%

Wed Feb 12, 2025 9:30 am JST Earnings

5969 LOBTEX.CO.,LTD. 【J-GAAP】

Earnings Report

LOBTEX.CO.,LTD. <5969> [TSE Std] announced its financial results in the morning on February 12th (09:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 8.1% from the same period last year to 205 million yen.

In addition, the full-year consolidated ordinary profit has decreased 26.7%, from the previous forecast of 300 million yen to 220 million yen (compared to 433 million yen in the previous period), leading to an increase in the profit decline rate from 30.7% to 49.2%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 49.7%, from the previous forecast of 161 million yen to 81 million yen (compared to 277 million yen in the same period of the previous year), leading to an increase in the profit decline rate from 41.9% to 70.8%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 66 million yen, a 1.5% decrease compared to the same period last year. The operating profit margin worsened from 4.5% in the same period last year to 3.3%.

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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 4,330 345 357 221 118.7 72.4 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 4,275 210 223 126 68.0 51.5 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 4,197 184 205 124 66.7 93.2 Feb 12, 2025 J-GAAP
YoY -1.8% -12.4% -8.1% -1.6% -2.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 3,294 163 161 110 58.9 30 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 New 2,984 73 81 60 32.1 30 Feb 12, 2025 J-GAAP
Revision Rate -9.4% -55.2% -49.7% -45.5% -45.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 6,070 300 300 190 101.8 30 May 10, 2024 J-GAAP
Mar, 2025 New 5,760 210 220 140 75.0 30 Feb 12, 2025 J-GAAP
Revision Rate -5.1% -30.0% -26.7% -26.3% -26.3%

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 3,104 209 277 186 99.9 35 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,984 73 81 60 32.1 30 Feb 12, 2025 J-GAAP
YoY -3.9% -65.1% -70.8% -67.7% -67.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,950 484 493 314 168.4 30 May 11, 2023 J-GAAP
Mar, 2024 5,925 354 433 279 149.9 35 May 10, 2024 J-GAAP
Mar, 2025 Guidance 5,760 210 220 140 75.0 30 Feb 12, 2025 J-GAAP
YoY -2.8% -40.7% -49.2% -49.8% -50.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,454 65 67 33 17.8 4.5 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 1,650 144 210 153 82.2 8.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,404 73 80 42 22.6 5.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,372 64 59 38 20.5 4.7 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 1,421 47 66 44 23.7 3.3 Feb 12, 2025 J-GAAP
YoY -2.3% -27.7% -1.5% +33.3% +32.8%

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