L is B (<145A>) announced its Q2 (January-June 2024) financial results for the fiscal year ending December 2024. Revenue was JPY 0.758 billion, operating profit was JPY 0.024 billion, ordinary loss was JPY 0 billion, and net income was JPY 0.002 billion. For the interim period ending December 2023, the company did not prepare interim financial statements and therefore did not provide information on year-on-year changes for the previous interim period for the fiscal year ending December 2024.

The company's mission is to "make people smile with ideas and technology" and it provides services such as the business chat "direct" and other services in the form of SaaS (Software as a Service) to solve customer issues through DX (Digital Transformation) under a customer-oriented approach.

During this interim period, the company released a new service called "Knowledge Videos" and continued to focus on strengthening the position of the platform for on-site work and enhancing sales activities mainly through exhibition participation. As a result, ARR (Annual Recurring Revenue) at the end of this interim period was JPY 1.508 billion, with a stock sales ratio of 94.4% and 552 contracted companies for the company's services.

The company plans to maintain its initial plan for the fiscal year ending December 2024, with expected increases of 30.1% in revenue to JPY 1.664 billion, 300.4% in operating profit to JPY 0.152 billion, 312.1% in ordinary profit to JPY 0.132 billion, and 130.8% in net income to JPY 0.106 billion compared to the previous fiscal year.