LINTEC (7966) Q4 2024 earnings summary

Executive summary

• FY2024 net sales fell 2.9% YoY to ¥276.3 billion; operating income declined 23.0% to ¥10.6 billion and net profit fell 54.5% to ¥5.2 billion.

• FY2025 forecasts call for sales of ¥290.0 billion, operating income of ¥18.0 billion and net profit of ¥13.0 billion.

Financial highlights

• FY2024 net sales were ¥276.321 billion, down ¥8.281 billion YoY; operating income was ¥10.628 billion, down ¥3.168 billion.

• Profit before income taxes fell 40.4% to ¥9.452 billion; profit attributable to owners of parent fell 54.5% to ¥5.243 billion.

• LINTEC non-consolidated operating income rose to ¥6.858 billion from ¥4.122 billion, while consolidated subsidiaries’ operating income declined to ¥3.266 billion from ¥9.839 billion.

Outlook and guidance

• FY2025 forecasts: net sales ¥290.0 billion (+5.0%), operating income ¥18.0 billion (+69.4%), profit before taxes ¥18.0 billion (+90.4%) and net profit ¥13.0 billion (+147.9%).

• Forecast operating-income factors include higher sales quantity (+¥5.2 billion) and sales-price revisions (+¥4.1 billion), offset by higher fuel, raw-material and logistics costs (-¥2.6 billion) and fixed costs (-¥1.1 billion).

• FY2025 average exchange-rate assumptions: ¥140/$, ¥147/€, ¥0.1000/KRW, ¥19.50/CNY and ¥4.35/TWD.