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LANDNET, Feb-Apr (3Q) Ordinary Profit Decreases by 29%

Mon Jun 9, 2025 2:00 pm JST Earnings

2991 LANDNET Inc. 【J-GAAP】

Earnings Report

LANDNET Inc. <2991> [TSE Std] announced its financial results in the afternoon session on June 9th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending July 2025 (August 2024 to April 2025) expanded 2.14 billion yen, an increase 61.2% compared to the same period last year. However, Progress toward the full-year plan of 3.43 billion yen was 62.4%, also falling below the four-year average of 69.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the May to July period (4Q) is expected to grow 8.8% from the same period last year, reaching 1.29 billion yen.

In the most recent three-month period, from February to April (3Q), the consolidated ordinary profit decreased to 0.31 billion yen, a 28.6% decrease compared to the same period last year. The operating profit margin worsened from 2.7% in the same period last year to 2.0%.

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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
Aug - Apr, 2022 46,353 1,126 1,024 687 28.9 75.2 Jun 9, 2023 J-GAAP
Aug - Apr, 2023 55,212 1,546 1,331 872 36.6 52.9 Jun 7, 2024 J-GAAP
Aug - Apr, 2024 69,156 2,472 2,146 1,438 60.2 62.4 Jun 9, 2025 J-GAAP
YoY +25.3% +59.9% +61.2% +64.9% +64.2%

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 41,420 1,756 1,634 1,267 53.2 7.69 Sep 9, 2024 J-GAAP
Feb - Jul, 2025 Guidance 51,880 1,820 1,610 1,147 47.9 9.78 Mar 10, 2025 J-GAAP
YoY +25.3% +3.6% -1.5% -9.5% -9.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 63,647 1,520 1,362 988 41.5 4.63 Sep 8, 2023 J-GAAP
Jul, 2024 77,790 2,785 2,518 1,840 77.2 7.69 Sep 9, 2024 J-GAAP
Jul, 2025 Guidance 98,241 3,847 3,437 2,332 97.4 9.78 Mar 10, 2025 J-GAAP
YoY +26.3% +38.1% +36.5% +26.7% +26.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Feb - Apr, 2024 18,842 517 447 299 12.6 2.7 Jun 7, 2024 J-GAAP
May - Jul, 2024 22,578 1,239 1,187 968 40.6 5.5 Sep 9, 2024 J-GAAP
Aug - Oct, 2024 22,049 903 783 501 21.0 4.1 Dec 9, 2024 J-GAAP
Nov - Jan, 2024 24,312 1,124 1,044 684 28.6 4.6 Mar 10, 2025 J-GAAP
Feb - Apr, 2025 22,795 445 319 253 10.6 2.0 Jun 9, 2025 J-GAAP
YoY +21.0% -13.9% -28.6% -15.4% -15.7%

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