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LAND BUSINESS, First Half Ordinary Profit Turns to Profit, Exceeds Full-Year Plan

Wed May 14, 2025 3:30 pm JST Earnings

8944 LAND BUSINESS CO.,LTD. 【J-GAAP】

Earnings Report

LAND BUSINESS CO.,LTD. <8944> [TSE Std] announced its financial results after the market closed on May 14th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) turned into a profit of 0.3 billion yen (compared to a loss of 0.77 billion yen in the same period last year). The progress rate toward the full-year plan of 0.17 billion yen is 181.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the April to September period (2H) is expected to further decrease loss of 0.13 billion yen (compared to a loss of 1.19 billion yen in the same period last year).

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit/loss turned to a profit of 0.79 billion yen (compared to a loss of 0.46 billion yen in the same period last year). The operating profit/loss margin drastically improved from -15.1% in the same period last year to 14.1%.

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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
Oct - Mar, 2022 2,280 58 -165 264 13.3 May 15, 2023 J-GAAP
Oct - Mar, 2023 3,689 -579 -772 -42 -2.1 May 14, 2024 J-GAAP
Oct - Mar, 2024 9,739 532 309 123 6.2 181.8 May 14, 2025 J-GAAP
YoY +164.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance 0 Nov 14, 2024 J-GAAP
Oct - Mar, 2024 Results 9,739 532 309 123 6.2 0 May 14, 2025 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
Apr - Sep, 2024 6,286 -972 -1,191 -2,057 -103.7 6 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 Guidance 8,261 88 -139 -123 0.0 6 May 14, 2025 J-GAAP
YoY +31.4% +88.3% +94.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 4,490 -42 -472 349 17.6 6 Nov 13, 2023 J-GAAP
Sep, 2024 9,975 -1,551 -1,963 -2,099 -105.8 6 Nov 14, 2024 J-GAAP
Sep, 2025 Guidance 18,000 620 170 0 0.0 6 Dec 20, 2024 J-GAAP
YoY +80.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 2,477 -375 -464 -321 -16.4 -15.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 3,158 -297 -396 -291 -14.7 -9.4 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 3,128 -675 -795 -1,766 -89.0 -21.6 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 3,326 -374 -481 -387 -19.6 -11.2 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 6,413 906 790 510 25.8 14.1 May 14, 2025 J-GAAP
YoY +158.9%

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