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LEC INC, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 27% Increase

Fri Feb 7, 2025 4:30 pm JST Earnings

7874 LEC,INC. 【J-GAAP】

Earnings Report

LEC,INC. <7874> [TSE Prime] announced its financial results after the market closed on February 7th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 22.3% from the same period last year, reaching 2.56 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 30.3%, from the previous forecast of 1.65 billion yen to 2.15 billion yen (compared to 1.68 billion yen in the previous period), turning to a 27.4% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward 7.1 times, from the previous forecast of 0.08 billion yen to 0.58 billion yen (compared to 0.64 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 87.4% to 10.3%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.99 billion yen, a 6.0% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 6.3% in the same period last year to 6.4%.

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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
Apr - Dec, 2022 41,933 1,267 1,370 1,247 36.1 126.6 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 46,394 1,996 2,093 1,024 29.5 124.1 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 50,649 2,372 2,560 1,656 49.9 119.1 Feb 7, 2025 J-GAAP
YoY +9.2% +18.8% +22.3% +61.7% +69.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 31,307 268 80 -127 -3.9 10 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 New 32,307 768 580 173 5.3 10 Feb 7, 2025 J-GAAP
Revision Rate +3.2% +186.6% +625.0% － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 64,000 1,500 1,650 1,000 30.8 20 Aug 9, 2024 J-GAAP
Mar, 2025 New 65,000 2,000 2,150 1,300 40.0 20 Feb 7, 2025 J-GAAP
Revision Rate +1.6% +33.3% +30.3% +30.0% +30.0%

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 31,095 692 649 322 9.3 10 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 32,307 768 580 173 5.3 10 Feb 7, 2025 J-GAAP
YoY +3.9% +11.0% -10.6% -46.3% -42.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 55,461 911 1,082 942 27.2 20 May 12, 2023 J-GAAP
Mar, 2024 60,783 1,628 1,687 796 22.9 20 May 10, 2024 J-GAAP
Mar, 2025 Guidance 65,000 2,000 2,150 1,300 40.0 20 Feb 7, 2025 J-GAAP
YoY +6.9% +22.9% +27.4% +63.3% +74.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 16,706 1,060 1,055 550 15.8 6.3 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 14,389 -368 -406 -228 -6.6 -2.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 16,104 886 1,139 811 23.3 5.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 16,589 346 431 316 9.2 2.1 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 17,956 1,140 990 529 15.9 6.3 Feb 7, 2025 J-GAAP
YoY +7.5% +7.5% -6.2% -3.8% +0.7%

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