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LIGHTWORKS Corporation, First Half Ordinary Profit Increases by 30%

Fri Sep 13, 2024 3:00 pm JST Earnings

4267 LIGHTWORKS Corporation 【J-GAAP】

Earnings Report

LIGHTWORKS Corporation <4267> [TSE-G] announced its financial results after the market closed on September 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) increased by 29.6% from the same period last year, reaching 105 million yen. This progress accounts for 38.6% of the full-year plan of 272 million yen, exceeding the same period of the previous year of 33.2%.

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 August to January period (second half) is expected to grow by 2.5% from the same period last year, reaching 167 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit decreased to 59 million yen, a 4.8% decrease compared to the same period last year. The operating profit margin worsened from 8.1% in the same period last year to 7.0%.

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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
Feb - Jul, 2022 1,263 126 121 85 17.4 60.5 Sep 14, 2022 J-GAAP
Feb - Jul, 2023 1,496 81 81 103 21.0 33.2 Sep 14, 2023 J-GAAP
Feb - Jul, 2024 1,701 109 105 70 14.2 38.6 Sep 13, 2024 J-GAAP
YoY +13.7% +34.6% +29.6% -32.0% -32.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 Guidance 11 Mar 15, 2024 J-GAAP
Feb - Jul, 2024 Results 1,701 109 105 70 14.2 11 Sep 13, 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
Aug - Jan, 2023 1,703 162 163 118 23.9 36 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 1,933 162 167 108 21.9 33 Sep 13, 2024 J-GAAP
YoY +13.5% 0.0% +2.5% -8.5% -8.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 2,640 203 200 138 27.8 14 Mar 17, 2023 J-GAAP
Jan, 2024 3,199 243 244 221 44.8 44 Mar 15, 2024 J-GAAP
Jan, 2025 Guidance 3,634 271 272 178 36.0 44 Mar 15, 2024 J-GAAP
YoY +13.6% +11.5% +11.5% -19.5% -19.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 778 63 62 95 19.4 8.1 Sep 14, 2023 J-GAAP
Aug - Oct, 2023 773 39 38 16 3.2 5.0 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 930 123 125 102 20.7 13.2 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 821 47 46 26 5.5 5.7 Jun 14, 2024 J-GAAP
May - Jul, 2024 880 62 59 44 8.9 7.0 Sep 13, 2024 J-GAAP
YoY +13.1% -1.6% -4.8% -53.7% -54.0%

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