LeTech, Nov-Jan (2Q) Ordinary Profit Decreases by 81%

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Mon Mar 17, 2025 3:30 pm JST Earnings

3497 LeTech Corporation 【J-GAAP】

Earnings Report

LeTech Corporation <3497> [TSE Growth] announced its financial results after the market closed on March 17th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending July 2025 (August 2024 to January 2025) was 0.96 billion yen, a 1.6% increase compared to the same period last year. The progress rate toward the full-year plan of 1.22 billion yen was 79.0%, it was below the five-year average of 107.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the February to July period (2H) is expected to expand 60.6% from the same period last year, reaching 0.25 billion yen.

In the most recent three-month period, from November to January (2Q), the ordinary profit significantly dropped to 0.16 billion yen, a 81.0% decrease compared to the same period last year. The operating profit margin significantly dropped from 16.2% in the same period last year to 9.1%.

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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
Aug - Jan, 2022	8,944	812	482	460	103.8	58.7	Mar 17, 2023	J-GAAP
Aug - Jan, 2023	9,460	1,164	949	946	194.0	85.6	Mar 18, 2024	J-GAAP
Aug - Jan, 2024	9,945	1,242	964	977	196.3	79.0	Mar 17, 2025	J-GAAP
YoY	+5.1%	+6.7%	+1.6%	+3.3%	+1.2%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2024 Guidance	ー	ー	ー	ー	－	33	Sep 17, 2024	J-GAAP
Aug - Jan, 2024 Results	9,945	1,242	964	977	196.3	33	Mar 17, 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
Feb - Jul, 2024	5,335	366	160	133	26.4	55	Sep 17, 2024	J-GAAP
Feb - Jul, 2025 Guidance	11,685	654	257	279	57.8	33	Mar 17, 2025	J-GAAP
YoY	+119.0%	+78.7%	+60.6%	+109.8%	+119.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2023	15,989	1,392	821	1,162	249.4	32	Sep 14, 2023	J-GAAP
Jul, 2024	14,795	1,530	1,109	1,079	213.8	55	Sep 17, 2024	J-GAAP
Jul, 2025 Guidance	21,630	1,896	1,221	1,256	260.2	66	Sep 17, 2024	J-GAAP
YoY	+46.2%	+23.9%	+10.1%	+16.4%	+21.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Nov - Jan, 2023	5,902	954	859	860	176.3	16.2	Mar 18, 2024	J-GAAP
Feb - Apr, 2024	1,553	150	62	43	8.6	9.7	Jun 14, 2024	J-GAAP
May - Jul, 2024	3,782	216	98	90	17.8	5.7	Sep 17, 2024	J-GAAP
Aug - Oct, 2024	6,400	919	801	808	164.4	14.4	Dec 16, 2024	J-GAAP
Nov - Jan, 2024	3,545	323	163	169	34.0	9.1	Mar 17, 2025	J-GAAP
YoY	-39.9%	-66.1%	-81.0%	-80.3%	-80.7%