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LOGINET JAPAN CO., LTD., First Half Ordinary Profit Increases by 8%

Wed Nov 6, 2024 1:00 pm JST Earnings

9027 LOGINET JAPAN CO., LTD. 【J-GAAP】

Earnings Report

LOGINET JAPAN CO., LTD. <9027> [SapporoSE] announced its financial results in the afternoon session on November 6th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 7.6% from the same period last year, reaching 1.83 billion yen. However, The progress rate against the 3.8 billion yen full-year plan was 48.2%, also falling below the five-year average of 52.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 34.0% from the same period last year, reaching 1.96 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 11.6% from the same period last year, reaching 1.07 billion yen. The operating profit margin improved from 5.3% in the same period last year to 5.6%.

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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
Apr - Sep, 2022 35,335 2,078 2,080 1,436 249.7 54.8 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 36,441 1,726 1,702 1,084 188.5 53.7 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 38,534 1,896 1,831 1,176 217.4 48.2 Nov 6, 2024 J-GAAP
YoY +5.7% +9.8% +7.6% +8.5% +15.4%

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 37,850 1,780 1,770 1,130 211.5 60 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 38,534 1,896 1,831 1,176 217.4 60 Nov 6, 2024 J-GAAP
Revision Rate +1.8% +6.5% +3.4% +4.1% +2.8%

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 37,634 1,432 1,469 859 150.5 60 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 41,466 1,924 1,969 1,214 227.2 60 Nov 6, 2024 J-GAAP
YoY +10.2% +34.4% +34.0% +41.3% +51.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 72,860 3,762 3,795 2,555 444.2 120 May 9, 2023 J-GAAP
Mar, 2024 74,075 3,158 3,171 1,943 340.3 120 May 9, 2024 J-GAAP
Mar, 2025 Guidance 80,000 3,820 3,800 2,390 447.4 120 May 9, 2024 J-GAAP
YoY +8.0% +21.0% +19.8% +23.0% +31.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 18,780 989 959 622 108.1 5.3 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 20,059 1,113 1,099 652 113.4 5.5 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 17,575 319 370 207 36.3 1.8 May 9, 2024 J-GAAP
Apr - Jun, 2024 18,504 766 761 478 87.7 4.1 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 20,030 1,130 1,070 698 129.1 5.6 Nov 6, 2024 J-GAAP
YoY +6.7% +14.3% +11.6% +12.2% +19.3%

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