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LIHIT LAB.,INC., First Half Ordinary Profit Turns to Profit

Fri Oct 4, 2024 3:00 pm JST Earnings

7975 LIHIT LAB.,INC. 【J-GAAP】

Earnings Report

LIHIT LAB.,INC. <7975> [TSE-S] announced its financial results after the market closed on October 4th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a profit of 51 million yen (compared to a loss of 55 million yen in the same period last year). However, The progress rate against the 200 million yen full-year plan was 25.5%, also falling below the five-year average of 57.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the September to February period (second half) is expected to turn into a profit of 149 million yen (compared to a loss of 156 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary loss improved to a deficit of loss of 42 million yen (compared to a loss of 50 million yen in the same period last year). The operating profit/loss margin significantly improved from -4.1% in the same period last year to -0.5%.

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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
Mar - Aug, 2022 4,324 -4 100 63 18.8 ー Oct 7, 2022 J-GAAP
Mar - Aug, 2023 4,548 -105 -55 -3 -1.0 ー Oct 6, 2023 J-GAAP
Mar - Aug, 2024 4,776 63 51 43 12.7 25.5 Oct 4, 2024 J-GAAP
YoY +5.0% － － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 4,776 63 51 43 12.7 0 Oct 2, 2024 J-GAAP
Mar - Aug, 2024 Results 4,776 63 51 43 12.7 0 Oct 4, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 4,255 -173 -156 -90 -26.7 25 Apr 5, 2024 J-GAAP
Sep - Feb, 2024 Guidance 4,724 137 149 277 81.6 25 Oct 2, 2024 J-GAAP
YoY +11.0% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 8,514 -153 -30 -24 -7.2 25 Apr 7, 2023 J-GAAP
Feb, 2024 8,803 -278 -211 -93 -27.6 25 Apr 5, 2024 J-GAAP
Feb, 2025 Guidance 9,500 200 200 320 94.3 25 Oct 2, 2024 J-GAAP
YoY +7.9% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 2,004 -82 -50 4 1.3 -4.1 Oct 6, 2023 J-GAAP
Sep - Nov, 2023 2,059 -120 -103 -64 -19.0 -5.8 Jan 9, 2024 J-GAAP
Dec - Feb, 2023 2,196 -53 -53 -26 -7.7 -2.4 Apr 5, 2024 J-GAAP
Mar - May, 2024 2,694 74 93 59 17.6 2.7 Jul 5, 2024 J-GAAP
Jun - Aug, 2024 2,082 -11 -42 -16 -4.7 -0.5 Oct 4, 2024 J-GAAP
YoY +3.9% +86.6% +16.0% － －

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