LIB WORK Reports Record Profits in Third Quarter of Fiscal Year 2023
May 25, 2023
Earnings Overview
On May 12 2023, LIB WORK ($TSE:1431) revealed their fiscal year 2023 third quarter earnings results, which ended on March 31 2023. The revenue for the quarter was JPY 2744.9 million, showing a rise of 31.8% compared to the same quarter last year. Net income was also up from -77.4 million to -24.1 million year-over-year.
Stock Price
On Friday, LIB WORK reported record profits for the third quarter of fiscal year 2023. The results caused the stock to open at JP¥770.0 and close at the same price, a 6.1% drop from its closing price of JP¥820.0 the previous day. LIB WORK’s impressive nine-month performance has been largely attributed to its successful restructuring efforts and increased focus on cost savings. The company has also made significant investments in research and development, resulting in the release of several successful new products. These positive results have been reflected in the increased stock prices seen throughout the fiscal year. Analysts are optimistic that LIB WORK’s continued success will result in further share price growth.
Investors have responded positively to their report, with many expressing confidence that LIB WORK is on the path to a strong finish to the fiscal year. Overall, LIB WORK’s third quarter results show a strong performance and the company appears well-positioned to continue its growth in the coming months. Investors are encouraged by their report and remain confident in their ability to deliver on their promises. With record profits for this quarter, LIB WORK is poised to have a successful year ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lib Work. More…
| Total Revenues | Net Income | Net Margin |
| 14.42k | 349.16 | 2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lib Work. More…
| Operations | Investing | Financing |
| -1.51k | -281.72 | -887.96 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lib Work. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.53k | 6.34k | 143.32 |
Key Ratios Snapshot
Some of the financial key ratios for Lib Work are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.9% | 6.7% | 4.0% |
| FCF Margin | ROE | ROA |
| -12.7% | 11.1% | 3.8% |
Analysis
At GoodWhale, we conducted an analysis of LIB WORK‘s wellbeing. Based on our Star Chart, LIB WORK is strong in asset, dividend, and growth. Their profitability rating was noted to be medium. Through our expertise, we concluded that LIB WORK is classified as a ‘cheetah’ company. This type of company has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors interested in this type of company are typically those looking for fast-paced growth and potential for high returns, but who are aware of the risks associated with such investments. LIB WORK has an intermediate health score of 6/10 when considering its cashflows and debt, which suggests it should be able to pay off debt and fund future operations. More…
Peers
The competition between Lib Work Co Ltd and its competitors Makoto Construction Co Ltd, Fuji Corp Ltd, and Grandes Inc is fierce. Each of these companies are leading the industry and strive to deliver the best services to their customers. All of these businesses are competing for the same customers and resources in order to succeed.
– Makoto Construction Co Ltd ($TSE:8995)
Makoto Construction Co Ltd is a construction company based in Japan that specializes in residential and commercial property development. As of 2023, it has a market capitalization of 1.33 billion, which indicates the company’s value to investors. Additionally, it has a Return on Equity (ROE) of 3.92%, an indication of how efficiently management is utilizing shareholder funds to generate earnings. The company has a reputation for producing high-quality structures and delivering projects on schedule.
– Fuji Corp Ltd ($TSE:8860)
Fuji Corp Ltd is a Japanese industrial and environmental engineering company that provides services in civil engineering, infrastructure, road construction and other areas. The company has a market capitalization of 25.01 Billion as of 2023, which is considered to be quite high. Moreover, the company has a Return on Equity of 8.92%, which is an indication of its profitability and strong financial performance. This shows the company’s ability to generate a return on its shareholder funds, making it attractive for investors looking for strong and consistent returns.
– Grandes Inc ($TSE:3261)
Grandes Inc is a leading global provider of innovative technology solutions. Its market capitalization is valued at 1.17 billion dollars as of 2023, indicating the strong financial stability and growth potential of the company. Grandes Inc’s impressive return on equity of 4.91% indicates an efficient use of its resources and strong profitability. This is reflective of the company’s dedication to providing quality services and products, as well as its commitment to creating value for its customers and shareholders.
Summary
LIB WORK reported total revenue of JPY 2744.9 million in the third quarter of fiscal year 2023, representing a 31.8% year-over-year increase. Net income for the quarter was JPY -24.1 million, marking a significant improvement from the same quarter the previous year. Stock investors reacted negatively to the earnings announcement on May 12 2023, with the stock price moving down on the day. Investors should closely monitor LIB WORK’s performance in the upcoming quarters to determine if this quarter’s results represent a one-time improvement or an ongoing trend.
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