This document has been translated from the Japanese original text for reference purposes only. Should there be any inconsistency between the translation and the Japanese original text, the latter shall prevail.
February 14, 2025
Consolidated Financial Results
for the Nine Months Ended December 31, 2024
(Japanese GAAP)
Company name: | Living Platform, Ltd. |
Listing exchange: | Tokyo Stock Exchange |
Securities code: | 7091 |
URL: | https://living-platform.com |
Representative: | Hirofumi Kaneko, CEO |
Inquiries: | Sunao Shimohira, General Manager/ Business Administration |
Phone: | +81-0570-01-7787 |
Scheduled date for filing quarterly securities report: | February 14, 2025 |
Scheduled date for commencing dividend payment: | - |
Supplementary materials on quarterly financial results: | Yes |
Quarterly financial results briefing session: | No (for institutional investors and analysts) |
(Amounts are rounded down to the nearest million yen, unless otherwise noted)
1. Consolidated Financial Results for the Six Months Ended (April 1, 2024 - December 31, 2024)
(1) Consolidated operating results (cumulative)
(% figures show the rate of increase (decrease) compared with the same period of the previous fiscal year)
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||||||||
owners of parent | ||||||||||||||||
Nine months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||
December 31, 2024 | 14,195 | 15.5 | 223 | － | 205 | 56.8 | 159 | 132.4 | ||||||||
December 31, 2023 | 12,293 | 20.6 | △59 | － | 131 | 525.8 | 68 | 57.2 | ||||||||
Note: Comprehensive income | ||||||||||||||||
Nine months ended December 31, 2023: | 88 million yen [(109.9%)] | |||||||||||||||
Nine months ended December 31, 2022: | 42 million yen [(△87.7%)] | |||||||||||||||
Basic earnings per share | Diluted earnings per | |||||||||||||||
share | ||||||||||||||||
Nine months ended | Yen | Yen | ||||||||||||||
December 31, 2024 | 35.83 | 35.78 | ||||||||||||||
December 31, 2023 | 15.42 | 15.36 | ||||||||||||||
(2) Consolidated financial position | ||||||||||||||||
Total assets | Net assets | Equity ratio | ||||||||||||||
As of | Millions of yen | Millions of yen | % | |||||||||||||
December 31, 2024 | 11,669 | 1,826 | 15.5 | |||||||||||||
March 31, 2024 | 11,189 | 1,662 | 14.7 | |||||||||||||
Reference: Total shareholders' equity | ||||||||||||||||
As of December 31, 2024:1,806 million yen | ||||||||||||||||
As of March 31, 2024: | 1,646 million yen |
2. Dividends
Annual dividends per share | |||||
End of first | End of second | End of third | Fiscal year-end | Total | |
quarter | quarter | quarter | |||
Yen | Yen | Yen | Yen | Yen | |
Fiscal year ended | - | 0.00 | - | 0.00 | 0.00 |
March 31, 2024 | |||||
Fiscal year ending | - | 0.00 | |||
March 31, 2025 | |||||
Fiscal year ending | |||||
March 31, 2025 | - | 0.00 | 0.00 | ||
(Forecast) | |||||
Note: Revisions to the most recently announced dividend forecast: No
3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2024 - March 31, 2025)
(% figures show the rate of increase (decrease) compared with the previous fiscal year) | |||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | Basic earnings | |||||||
owners of parent | per share | ||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |||
Full year | 18,965 | 13.8 | 503 | － | 461 | 133.9 | 357 | 88.7 | 80.30 | ||
Note: Revisions to the most recently announced dividend forecast: No
Notes:
-
Changes in significant subsidiaries during the quarter (changes in specified subsidiaries resulting in change in scope of consolidation): No
Newly consolidated: No
Excluded from consolidation: No - Application of special accounting methods for preparing consolidated quarterly financial statements: No
- Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards, etc.: Yes
- Changes in accounting policies other than those in [1]: No
- Changes in accounting estimates: No
- Restatement: No
- Number of shares issued and outstanding (common shares)
- Number of shares issued and outstanding (including treasury shares) at end of fiscal year
As of December 31, 2024 | 4,492,200 shares |
As of March 31, 2024 | 4,492,200 shares |
[2] Number of treasury shares at end of fiscal year | |
As of December 31, 2023 | 43,158 shares |
As of March 31, 2022 | 43,158 shares |
[3] Average number of shares outstanding during quarter | |
Nine months ended December 31, 2024 | 4,449,042 shares |
Nine months ended December 31, 2023 | 4,449,042 shares |
- This report on consolidated quarterly financial results is not subject to audit procedures by a public accountant or audit corporation
-
Explanation regarding appropriate use of earnings forecasts, and other notes (Notes on forward-looking statements)
The earnings outlook and other forward-looking statements contained in this document are based on information currently available to and certain assumptions that are thought to be reasonable by the Company. Accordingly, such statements should not be construed as a guarantee of achieving the results by the Company. Actual operating results, etc. may differ materially due to various factors.
2. Consolidated Quarterly Financial Statements and Significant Notes Theretoss
- Consolidated Balance Sheets
(Thousands of yen) | |||||
Fiscal year ended | Nine months of fiscal year | ||||
March 2024 | ending March 2025 | ||||
(As of March 31, 2024) | (As of December 31, 2024) | ||||
Assets | |||||
Current assets | |||||
Cash and deposits | 1,128,005 | 1,275,256 | |||
Notes and accounts receivable - trade | 1,345,337 | 1,602,839 | |||
Merchandise and finished goods | 5,524 | 10,922 | |||
Raw materials and supplies | 34,492 | 49,223 | |||
Prepaid expenses | 374,060 | 390,672 | |||
Other | 375,636 | 197,670 | |||
Allowance for doubtful accounts | △6,943 | △4,557 | |||
Total current assets | 3,256,111 | 3,522,027 | |||
Non-current assets | |||||
Property, plant and equipment | |||||
Buildings and structures, net | 2,825,082 | 3,033,168 | |||
Vehicles, net | 9,266 | 5,884 | |||
Tools, furniture and fixtures, net | 102,215 | 89,510 | |||
Land | 1,509,734 | 1,628,956 | |||
Leased assets, net | 437,445 | 412,444 | |||
Construction in progress | 124,123 | 134,851 | |||
Other, net | 39,024 | 34,138 | |||
Total property, plant and equipment | 5,046,893 | 5,338,954 | |||
Intangible assets | |||||
Goodwill | 1,284,534 | 1,188,445 | |||
Software | 40,274 | 49,457 | |||
Other | 52,049 | 50,941 | |||
Total intangible assets | 1,376,858 | 1,288,844 | |||
Investments and other assets | |||||
Investment securities | 89,152 | 72,569 | |||
Long-term loans receivable | 34,013 | 33,389 | |||
Long-term prepaid expenses | 51,663 | 39,402 | |||
Deferred tax assets | 203,613 | 196,651 | |||
Guarantee deposits | 996,278 | 1,057,235 | |||
Other | 163,327 | 152,000 | |||
Allowance for doubtful accounts | △28,564 | △31,460 | |||
Total investments and other assets | 1,509,483 | 1,519,786 | |||
Total non-current assets | 7,933,234 | 8,147,585 | |||
Total assets | 11,189,346 | 11,669,612 | |||
(Thousands of yen) | ||||
Fiscal year ended | Nine months of fiscal year | |||
March 2024 | ending March 2025 | |||
(As of March 31, 2024) | (As of December 31, 2024) | |||
Liabilities | ||||
Current liabilities | ||||
Short-term borrowings | 150,000 | 138,888 | ||
Current portion of long-term borrowings | 753,979 | 795,988 | ||
Lease liabilities | 30,499 | 21,587 | ||
Accounts payable - other | 648,236 | 553,390 | ||
Accrued expenses | 778,141 | 810,039 | ||
Income taxes payable | 105,669 | 44,881 | ||
Advances received | 278,289 | 322,427 | ||
Deposits received | 98,344 | 301,104 | ||
Provision for bonuses | 127,973 | 53,647 | ||
Other | 49,021 | 44,936 | ||
Total current liabilities | 3,020,155 | 3,086,891 | ||
Non-current liabilities | ||||
Long-term borrowings | 4,465,304 | 4,588,147 | ||
Long-term advances received | 404,097 | 445,981 | ||
Lease liabilities | 582,797 | 566,663 | ||
Retirement benefit liability | 329,324 | 390,353 | ||
Deferred tax liabilities | 27,958 | 22,110 | ||
Other | 697,119 | 743,415 | ||
Total non-current liabilities | 6,506,602 | 6,756,672 | ||
Total liabilities | 9,526,757 | 9,843,563 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 358,995 | 358,995 | ||
Capital surplus | 905,241 | 905,241 | ||
Retained earnings | 452,674 | 612,096 | ||
Treasury shares | △79,459 | △79,459 | ||
Total shareholders' equity | 1,637,452 | 1,796,874 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale | 8,606 | 9,203 | ||
securities | ||||
Total accumulated other comprehensive income | 8,606 | 9,203 | ||
Share acquisition rights | 16,529 | 19,971 | ||
Total net assets | 1,662,588 | 1,826,049 | ||
Total liabilities and net assets | 11,189,346 | 11,669,612 | ||
(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income (Cumulative)
Consolidated Quarterly Statement of Income
First three quarters of fiscal year ending March 2025
(Thousands of yen) | |||||
Nine months of fiscal year | Nine months of fiscal year | ||||
Ended March 31, 2024 | Ending March 31, 2025 | ||||
(April 1, 2023 | (April 1, 2024 | ||||
to December 31, 2023) | to December 31, 2024) | ||||
Net sales | 12,293,536 | 14,195,281 | |||
Cost of sales | 11,182,766 | 12,776,557 | |||
Gross profit | 1,110,770 | 1,418,724 | |||
Selling, general and administrative expenses | 1,170,230 | 1,195,236 | |||
Operating profit | △59,460 | 223,488 | |||
Non-operating income | |||||
Interest and dividend income | 3,097 | 409 | |||
Subsidy income | 191,253 | 50,866 | |||
投資事業組合運用益 | 48,984 | － | |||
Other | 36,495 | 28,639 | |||
Total non-operating income | 279,830 | 79,915 | |||
Non-operating expenses | |||||
Interest expenses | 85,560 | 80,785 | |||
Other | 3,631 | 16,909 | |||
Total non-operating expenses | 89,191 | 97,694 | |||
Ordinary profit | 131,177 | 205,710 | |||
Extraordinary income | |||||
Gain on sale of non-current assets | 219 | － | |||
income from the return of stock subscription rights | 27,360 | － | |||
Total extraordinary income | 27,580 | － | |||
Extraordinary loss | |||||
Impairment loss on fixed assets | 57 | － | |||
Impairment loss on investment securities | 28,314 | － | |||
Total extraordinary loss
Profit before income taxes Income taxes - current Income taxes - deferred
28,372 | － |
130,386 | 205,710 |
60,307 | 45,508 |
1,485 | 780 |
Total income taxes | 61,792 | 46,288 |
Profit | 68,593 | 159,421 |
Profit attributable to owners of parent | 68,593 | 159,421 |
Consolidated Statement of Comprehensive Income
First three quarters of fiscal year ending March 2025
(Thousands of yen) | |||
Nine months of fiscal year | Nine months of fiscal year | ||
ended March 31, 2024 | ending March 31, 2025 | ||
(April 1, 2023 | (April 1, 2024 | ||
to December 31, 2023) | to December 31, 2024) | ||
Profit | 68,593 | 159,421 | |
Other comprehensive income | |||
Valuation difference on available-for-sale securities | 4,154 | 596 | |
Total other comprehensive income | 4,154 | 596 | |
Comprehensive income | 72,747 | 160,018 | |
Comprehensive income attributable to | |||
Comprehensive income attributable to owners of parent | 72,747 | 160,018 | |
(3) Notes to Consolidated Quarterly Financial Statements
(Notes on Going Concern Assumption)
Not applicable.
(Notes When There Are Significant Changes in Amounts of Equity)
Not applicable.
(Changes in Accounting policies)
Application of Accounting Standard for Current Income Taxes The Accounting Standard for Current Income Taxes (ASBJ Statement No. 27; October 28, 2022; hereinafter, "2022 Revised Accounting Standard") has been applied since the beginning of this fiscal year. This change in accounting policy has no impact on the consolidated financial statements.
(Notes regarding segment information, etc.)
This information is omitted because the Company's life care business is its single segment.
(Notes on quarterly statements of cash flows)
Quarterly statements of cash flows for the nine months ended December 31, 2024 are not prepared. Depreciation associated with the first nine months of the previous and current fiscal years (including amortization of intangible assets) is as follows.
Nine months ended | Nine months ended | |
December 31, 2023 | December 31, 2024 | |
Thousands | Thousands | |
Depreciation | 216,469 of yen | 221,411 of yen |
Thousands | Thousands | |
Amortization of goodwill | 87,107 of yen | 96,088 of yen |
Note: At the end of the previous fiscal year, the provisional accounting for the business combination was finalized and the amortized amount of goodwill reflects the details of the provisional accounting finalized.