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LAPINE CO.,LTD, The Current Fiscal Year Net Income Loss Widened in Downward Revision, 42% Deficit Against Net Assets

Fri Oct 11, 2024 5:00 pm JST Earnings

8143 LAPINE CO.,LTD 【J-GAAP】

Earnings Report

LAPINE CO.,LTD <8143> [TSE-S] announced its financial results after the market closed on October 11th (17:00). The consolidated net loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was a reduced loss of 27 million yen (compared to a loss of 154 million yen in the same period last year), reversing from the forecast of a 90 million yen to a loss.

In addition, the full-year consolidated net income/loss has been revised downward from an expected loss of 3 million yen to a loss of 390 million yen (compared to a loss of 321 million yen in the previous period), indicating an expansion in the loss margin The deficit amounted to a 42.5% impairment of net assets at the end of the previous fiscal year..

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net loss for the September to February period (second half) is expected to expand to a loss of 363 million yen (compared to a loss of 167 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated net loss improved to a deficit of loss of 118 million yen (compared to a loss of 160 million yen in the same period last year). The operating profit/loss margin drastically improved from -35.5% in the same period last year to -27.6%.

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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 1,801 -193 297 292 123.5 110.8 Oct 14, 2022 J-GAAP
Mar - Aug, 2023 1,221 -166 -155 -154 -65.2 ー Oct 12, 2023 J-GAAP
Mar - Aug, 2024 998 -234 -23 -27 -11.7 ー Oct 11, 2024 J-GAAP
YoY -18.3% -41.0% +85.2% +82.5% +82.0%

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 1,170 -120 93 90 38.1 0 Apr 19, 2024 J-GAAP
Mar - Aug, 2024 Results 998 -234 -23 -27 -11.7 0 Oct 11, 2024 J-GAAP
Revision Rate -14.7% -95.0% － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 Prev 2,358 -224 6 -3 -1.3 0 Apr 19, 2024 J-GAAP
Feb, 2025 New 1,950 -450 -250 -390 -165.0 0 Oct 11, 2024 J-GAAP
Revision Rate -17.3% -100.9% － -12,900.0% -12,889.8%

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 1,121 -176 -159 -167 -70.8 0 Apr 19, 2024 J-GAAP
Sep - Feb, 2024 Guidance 952 -216 -227 -363 -153.6 0 Oct 11, 2024 J-GAAP
YoY -15.1% -22.7% -42.8% -117.4% -117.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 3,300 -649 268 158 66.9 0 Apr 19, 2023 J-GAAP
Feb, 2024 2,342 -342 -314 -321 -136.0 0 Apr 19, 2024 J-GAAP
Feb, 2025 Guidance 1,950 -450 -250 -390 -165.0 0 Oct 11, 2024 J-GAAP
YoY -16.7% -31.6% +20.4% -21.5% -21.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 490 -174 -164 -160 -67.8 -35.5 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 593 -72 -67 -73 -30.9 -12.1 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 528 -104 -92 -94 -39.8 -19.7 Apr 19, 2024 J-GAAP
Mar - May, 2024 545 -109 93 91 38.6 -20.0 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 453 -125 -116 -118 -51.2 -27.6 Oct 11, 2024 J-GAAP
YoY -7.6% +28.2% +29.3% +26.3% +24.5%

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