kabutan

LANDNET Inc., 12% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Increased Previous Year's Dividend by 5.25 yen, This Fiscal Year to Increase Dividend by 0.75 yen

Mon Sep 9, 2024 3:00 pm JST Earnings

2991 LANDNET Inc. 【J-GAAP】

Earnings Report

LANDNET Inc. <2991> [TSE-S] announced its financial results after the market closed on September 9th (15:00). The consolidated ordinary profit for the fiscal year ending July 2024 expanded to 84.9% from the previous period to 2.51 billion yen, exceeding the previous forecast of 2.13 billion yen. For the fiscal year ending July 2025, the profit is expected to grow by 12.0% to 2.82 billion yen, marking the second consecutive term of record-high profits. This will be the ninth consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 25.5 yen to 30.75 yen (compared to 18.5 yen in the prior term), and has decided to increase the dividend this fiscal year to 31.5 yen, an increase of 0.75 yen from the previous fiscal year.

In the most recent three-month period, from May to July (4Q), the consolidated ordinary profit surged to 3.5 times that of the same period last year, reaching 1.18 billion yen. The operating profit margin significantly improved from 2.3% in the same period last year to 5.5%.

Kabutan News

Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2022 51,870 1,505 1,388 955 80.6 8.06 Sep 9, 2022 J-GAAP
Jul, 2023 63,647 1,520 1,362 988 83.1 9.25 Sep 8, 2023 J-GAAP
Jul, 2024 77,790 2,785 2,518 1,840 154.4 15.38 Sep 9, 2024 J-GAAP
YoY +22.2% +83.2% +84.9% +86.2% +85.9%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2024 Guidance 75,880 2,408 2,133 1,520 127.2 12.75 Jul 26, 2024 J-GAAP
Jul, 2024 Results 77,790 2,785 2,518 1,840 154.4 15.38 Sep 9, 2024 J-GAAP
Revision Rate +2.5% +15.7% +18.0% +21.1% +21.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 36,370 1,029 884 573 48.2 0 Mar 8, 2024 J-GAAP
Aug - Jan, 2024 Guidance 0 Sep 9, 2024 J-GAAP
YoY

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 83.1 9.25 Sep 8, 2023 J-GAAP
Jul, 2024 77,790 2,785 2,518 1,840 154.4 15.38 Sep 9, 2024 J-GAAP
Jul, 2025 Guidance 96,241 3,262 2,821 1,881 157.2 15.75 Sep 9, 2024 J-GAAP
YoY +23.7% +17.1% +12.0% +2.2% +1.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 17,294 394 338 301 25.3 2.3 Sep 8, 2023 J-GAAP
Aug - Oct, 2023 17,326 264 182 122 10.3 1.5 Dec 8, 2023 J-GAAP
Nov - Jan, 2023 19,044 765 702 451 37.9 4.0 Mar 8, 2024 J-GAAP
Feb - Apr, 2024 18,842 517 447 299 25.1 2.7 Jun 7, 2024 J-GAAP
May - Jul, 2024 22,578 1,239 1,187 968 81.2 5.5 Sep 9, 2024 J-GAAP
YoY +30.6% +214.5% +251.2% +221.6% +221.1%

Related Articles