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

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 26.4 33 Mar 17, 2025 J-GAAP
YoY +119.0% +78.7% +60.6% +109.8% +0.0%

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 1,256 118.7 66 Sep 17, 2024 J-GAAP
YoY +46.2% +23.9% +10.1% +16.4% -44.5%

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%

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