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The Lead Co., Inc., The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

Thu Nov 7, 2024 3:30 pm JST Earnings

6982 The Lead Co., Inc. 【J-GAAP】

Earnings Report

The Lead Co., Inc. <6982> [TSE-S] announced its financial results after the market closed on November 7th (15:30). The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 40 million yen (compared to a profit of 68 million yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 20 million yen.

In addition, the full-year ordinary profit/loss has been revised downward from an expected profit of 70 million yen to a loss of 50 million yen (compared to a profit of 61 million yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary loss for the October to March period (second half) is expected to expand to a loss of 10 million yen (compared to a loss of 7 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a loss of 20 million yen (compared to a profit of 51 million yen in the same period last year). The operating profit/loss margin drastically worsened from 3.0% in the same period last year to -2.1%.

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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 2,376 56 87 80 31.5 42.4 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 2,474 32 68 60 23.6 111.5 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 2,031 -77 -40 -80 -31.2 ー Nov 7, 2024 J-GAAP
YoY -17.9% － － － －

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 2,200 -60 -20 -40 -15.4 － May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 2,031 -77 -40 -80 -31.2 － Nov 7, 2024 J-GAAP
Revision Rate -7.7% -28.3% -100.0% -100.0% -102.3%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 4,700 20 70 50 19.4 10 May 14, 2024 J-GAAP
Mar, 2025 New 4,300 -100 -50 -90 -34.8 10 Nov 7, 2024 J-GAAP
Revision Rate -8.5% － － － －

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 2,584 -22 -7 -12 -4.7 10 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,269 -23 -10 -10 -3.9 10 Nov 7, 2024 J-GAAP
YoY -12.2% -4.5% -42.9% +16.7% +17.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,021 140 205 184 71.9 15 May 12, 2023 J-GAAP
Mar, 2024 5,058 10 61 48 18.8 10 May 14, 2024 J-GAAP
Mar, 2025 Guidance 4,300 -100 -50 -90 -34.8 10 Nov 7, 2024 J-GAAP
YoY -15.0% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,284 39 51 45 17.7 3.0 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 1,386 26 43 33 12.9 1.9 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 1,198 -48 -50 -45 -17.6 -4.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 959 -55 -20 -18 -7.3 -5.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,072 -22 -20 -62 -24.2 -2.1 Nov 7, 2024 J-GAAP
YoY -16.5% － － － －

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