Landnet (2991) Earnings: Operating Profit Up 2.1% YoY to 3.82 Billion Yen, Net Income Reaches 2.37 Billion Yen

Landnet (2991) has released its financial results, reporting top-line expansion with net sales increasing by 14.5% year-on-year to 109,953 million yen. On the profit front, operating profit rose 2.1% year-on-year to 3,821 million yen, while ordinary profit stood at 3,274 million yen (down 1.1% year-on-year), and net income attributable to owners of the parent was 2,369 million yen (down 0.6% year-on-year). The operating profit margin was recorded at 3.5%.

Examining the financial and cash flow position, operating cash flow registered a deficit of 3,857 million yen, and investing cash flow was negative at 1,242 million yen, resulting in a negative free cash flow of 5.10 billion yen. Meanwhile, financing cash flow provided 3,533 million yen to supplement funds, leaving cash and cash equivalents at 2.35 billion yen. Regarding profitability and efficiency metrics, the return on equity (ROE) reached a strong level of 19.5%, while the return on assets (ROA) was 8.5%, the equity ratio was 31.4%, interest-bearing debt stood at 21.85 billion yen, and retained earnings were 11.87 billion yen, indicating continued efficient profit generation utilizing shareholders' equity.