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Landix Inc., First Half Ordinary Profit Increases by 23%, July-September Ordinary Profit Increases by 2.3 times

Tue Nov 12, 2024 4:00 pm JST Earnings

2981 Landix Inc. 【J-GAAP】

Earnings Report

Landix Inc. <2981> [TSE-G] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 22.8% from the same period last year, reaching 825 million yen. The progress rate against the 1.63 billion yen full-year plan was 50.6%, it was below the five-year average of 58.5%.

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 October to March period (second half) is expected to expand by 56.9% from the same period last year, reaching 805 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.3 times that of the same period last year, reaching 731 million yen. The operating profit margin drastically improved from 7.0% in the same period last year to 13.4%.

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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
Apr - Sep, 2022 7,579 1,135 1,097 717 126.8 68.4 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 8,850 715 672 466 82.6 56.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 9,490 889 825 535 94.5 50.6 Nov 12, 2024 J-GAAP
YoY +7.2% +24.3% +22.8% +14.8% +14.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 9,490 889 825 535 94.5 0 Nov 12, 2024 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
Oct - Mar, 2023 8,191 564 513 324 57.3 36.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 10,510 861 805 525 92.6 37.50 Nov 12, 2024 J-GAAP
YoY +28.3% +52.7% +56.9% +62.0% +61.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,017 1,682 1,603 1,050 185.7 34 May 12, 2023 J-GAAP
Mar, 2024 17,041 1,279 1,185 790 139.6 36.50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 20,000 1,750 1,630 1,060 187.0 37.50 May 10, 2024 J-GAAP
YoY +17.4% +36.8% +37.6% +34.2% +33.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,999 348 321 209 37.0 7.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 2,319 -64 -89 -62 -11.0 -2.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 5,872 628 602 386 68.2 10.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 3,758 121 94 57 10.2 3.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 5,732 768 731 478 84.4 13.4 Nov 12, 2024 J-GAAP
YoY +14.7% +120.7% +127.7% +128.7% +128.0%

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