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Lib Work, Oct-Dec (2Q) Ordinary Profit Decreases by 12%

Wed Feb 12, 2025 3:30 pm JST Earnings

1431 Lib Work Co.,Ltd. 【J-GAAP】

Earnings Report

Lib Work Co.,Ltd. <1431> [TSE Growth] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) was 385 million yen, a 0.5% increase compared to the same period last year. However, the progress rate toward the full-year plan of 810 million yen was 47.5%, also falling below the five-year average of 70.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (2H) is expected to expand 97.7% from the same period last year, reaching 425 million yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit decreased to 534 million yen, a 11.7% decrease compared to the same period last year. The operating profit margin decreased from 10.8% in the same period last year to 10.6%.

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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
Jul - Dec, 2022 6,524 84 86 34 1.6 27.4 Feb 10, 2023 J-GAAP
Jul - Dec, 2023 7,884 361 383 244 11.1 64.0 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 8,070 378 385 224 9.6 47.5 Feb 12, 2025 J-GAAP
YoY +2.4% +4.7% +0.5% -8.2% -13.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance 8,900 380 390 210 9.0 3.20 Aug 9, 2024 J-GAAP
Jul - Dec, 2024 Results 8,070 378 385 224 9.6 3.20 Feb 12, 2025 J-GAAP
Revision Rate -9.3% -0.5% -1.3% +6.7% +6.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 7,551 134 215 143 6.4 3.20 Aug 9, 2024 J-GAAP
Jan - Jun, 2025 Guidance 9,930 422 425 216 9.3 3.20 Feb 12, 2025 J-GAAP
YoY +31.5% +214.9% +97.7% +51.0% +46.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 14,183 299 314 173 7.8 6.40 Aug 10, 2023 J-GAAP
Jun, 2024 15,435 495 598 387 17.2 6.40 Aug 9, 2024 J-GAAP
Jun, 2025 Guidance 18,000 800 810 440 18.9 6.40 Aug 9, 2024 J-GAAP
YoY +16.6% +61.6% +35.5% +13.7% +9.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 5,448 590 605 395 18.0 10.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,252 -291 -286 -206 -9.4 -12.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,299 425 501 349 15.5 8.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 3,090 -149 -149 -126 -5.4 -4.8 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 4,980 527 534 350 15.0 10.6 Feb 12, 2025 J-GAAP
YoY -8.6% -10.7% -11.7% -11.4% -16.9%

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