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LOBTEX.CO.,LTD., First Half Ordinary Profit Decreases by 11%, July-September Ordinary Profit Decreases by 47%

Tue Nov 12, 2024 10:00 am JST Earnings

5969 LOBTEX.CO.,LTD. 【J-GAAP】

Earnings Report

LOBTEX.CO.,LTD. <5969> [TSE-S] announced its financial results in the morning on November 12th (10:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 10.9% from the same period last year to 139 million yen. The progress rate against the 300 million yen full-year plan was 46.3%, almost the same as the five-year average of 44.3%.

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 drop by 41.9% from the same period last year to 161 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 59 million yen, a 47.3% decrease compared to the same period last year. The operating profit margin worsened from 7.6% in the same period last year to 4.7%.

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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 2,914 247 255 154 83.0 51.7 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 2,821 145 156 93 49.9 36.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 2,776 137 139 80 43.1 46.3 Nov 12, 2024 J-GAAP
YoY -1.6% -5.5% -10.9% -14.0% -13.5%

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 2,776 137 139 80 43.1 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 3,104 209 277 186 99.9 35 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,294 163 161 110 58.9 30 Nov 12, 2024 J-GAAP
YoY +6.1% -22.0% -41.9% -40.9% -41.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,950 484 493 314 168.4 30 May 11, 2023 J-GAAP
Mar, 2024 5,925 354 433 279 149.9 35 May 10, 2024 J-GAAP
Mar, 2025 Guidance 6,070 300 300 190 101.8 30 May 10, 2024 J-GAAP
YoY +2.4% -15.3% -30.7% -31.9% -32.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,479 112 112 70 37.5 7.6 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 1,454 65 67 33 17.8 4.5 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 1,650 144 210 153 82.2 8.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,404 73 80 42 22.6 5.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,372 64 59 38 20.5 4.7 Nov 12, 2024 J-GAAP
YoY -7.2% -42.9% -47.3% -45.7% -45.4%

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