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LONSEAL CORPORATION, First Half Ordinary Profit Decreases by 27%, July-September Ordinary Profit Decreases by 48%

Thu Nov 7, 2024 2:00 pm JST Earnings

4224 LONSEAL CORPORATION 【J-GAAP】

Earnings Report

LONSEAL CORPORATION <4224> [TSE-S] announced its financial results in the afternoon session on November 7th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 27.1% from the same period last year to 349 million yen. The progress rate against the 700 million yen full-year plan was 49.9%, which was higher than the five-year average of 43.9%.

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 significant drop by 50.4% from the same period last year to 351 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 135 million yen, a 48.3% decrease compared to the same period last year. The operating profit margin worsened from 4.5% in the same period last year to 3.4%.

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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 9,217 291 376 271 58.9 56.3 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 10,127 411 479 317 68.8 40.4 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 10,363 326 349 252 54.9 49.9 Nov 7, 2024 J-GAAP
YoY +2.3% -20.7% -27.1% -20.5% -20.2%

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 10,500 300 300 200 43.4 － Aug 5, 2024 J-GAAP
Apr - Sep, 2024 Results 10,363 326 349 252 54.9 － Nov 7, 2024 J-GAAP
Revision Rate -1.3% +8.7% +16.3% +26.0% +26.5%

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 10,894 660 707 518 112.5 70 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,137 274 351 198 43.0 70 Nov 7, 2024 J-GAAP
YoY +2.2% -58.5% -50.4% -61.8% -61.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 19,560 568 668 448 97.3 60 May 15, 2023 J-GAAP
Mar, 2024 21,021 1,071 1,186 835 181.3 70 May 14, 2024 J-GAAP
Mar, 2025 Guidance 21,500 600 700 450 97.7 70 May 14, 2024 J-GAAP
YoY +2.3% -44.0% -41.0% -46.1% -46.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,293 239 261 165 35.8 4.5 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 5,816 443 452 311 67.6 7.6 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 5,078 217 255 207 44.9 4.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 5,150 149 214 155 33.7 2.9 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 5,213 177 135 97 21.1 3.4 Nov 7, 2024 J-GAAP
YoY -1.5% -25.9% -48.3% -41.2% -41.0%

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