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Sansei Landic Co.,Ltd, January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 21%, Exceeds Full-Year Plan

Tue Nov 12, 2024 4:00 pm JST Earnings

3277 Sansei Landic Co.,Ltd 【J-GAAP】

Earnings Report

Sansei Landic Co.,Ltd <3277> [TSE-S] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 21.3% from the same period last year to 1.58 billion yen. However, The progress rate against the full-year plan of 1.5 billion yen is 105.9%, already exceeding the target and also exceeding the five-year average of 70.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the October to December period (4Q) is expected to further decrease to loss of 89 million yen (compared to a loss of 254 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 22.1% from the same period last year, reaching 728 million yen. The operating profit margin improved from 9.0% in the same period last year to 9.4%.

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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
Jan - Sep, 2022 11,261 1,200 1,071 909 110.9 83.5 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 19,464 2,332 2,019 1,326 161.3 114.4 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 21,350 1,811 1,589 1,057 128.2 105.9 Nov 12, 2024 J-GAAP
YoY +9.7% -22.3% -21.3% -20.3% -20.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 11,289 499 342 243 29.6 33 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 10,709 775 639 427 51.6 25 Aug 7, 2024 J-GAAP
YoY -5.1% +55.3% +86.8% +75.7% +74.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 15,533 1,469 1,283 1,060 129.6 28 Feb 14, 2023 J-GAAP
Dec, 2023 23,269 2,155 1,765 1,182 143.8 33 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 23,700 1,800 1,500 1,000 120.8 41 Aug 7, 2024 J-GAAP
YoY +1.9% -16.5% -15.0% -15.4% -16.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,484 676 596 387 47.1 9.0 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 3,805 -177 -254 -144 -17.5 -4.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 7,206 570 492 328 39.8 7.9 May 13, 2024 J-GAAP
Apr - Jun, 2024 5,785 455 369 245 29.7 7.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 8,359 786 728 484 58.7 9.4 Nov 12, 2024 J-GAAP
YoY +11.7% +16.3% +22.1% +25.1% +24.7%

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