GAKUJO CO.,Ltd., Third Quarter Cumulative (November-July) Ordinary Profit Increases by 7%

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Mon Sep 9, 2024 3:00 pm JST Earnings

2301 GAKUJO CO.,Ltd. 【J-GAAP】

Earnings Report

GAKUJO CO.,Ltd. <2301> [TSE-P] announced its financial results after the market closed on September 9th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) increased by 7.3% from the same period last year, reaching 1.62 billion yen. This progress accounts for 58.0% of the full-year plan of 2.8 billion yen, exceeding the five-year average of 51.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the August to October period (4Q) is expected to grow by 12.0% from the same period last year, reaching 1.17 billion yen.

In the most recent three-month period, from May to July (3Q), the ordinary profit decreased to 739 million yen, a 21.3% decrease compared to the same period last year. The operating profit margin significantly dropped from 34.1% in the same period last year to 22.4%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Nov - Jul, 2021	4,144	517	889	590	41.9	43.6	Sep 12, 2022	J-GAAP
Nov - Jul, 2022	5,766	1,323	1,513	1,036	74.3	59.0	Sep 12, 2023	J-GAAP
Nov - Jul, 2023	7,006	1,283	1,624	1,158	83.3	58.0	Sep 9, 2024	J-GAAP
YoY	+21.5%	-3.0%	+7.3%	+11.8%	+12.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2023	5,567	1,856	1,989	1,366	98.0	27	Dec 11, 2023	J-GAAP
May - Oct, 2024 Guidance	6,376	1,835	1,915	1,240	90.6	26	Jun 10, 2024	J-GAAP
YoY	+14.5%	-1.1%	-3.7%	-9.2%	-7.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	6,773	1,621	2,038	1,396	99.4	43	Dec 12, 2022	J-GAAP
Oct, 2023	8,784	2,310	2,563	1,753	125.7	51	Dec 11, 2023	J-GAAP
Oct, 2024 Guidance	10,400	2,450	2,800	1,904	139.1	52	Jun 10, 2024	J-GAAP
YoY	+18.4%	+6.1%	+9.2%	+8.6%	+10.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	2,549	869	939	649	46.6	34.1	Sep 12, 2023	J-GAAP
Aug - Oct, 2023	3,018	987	1,050	717	51.4	32.7	Dec 11, 2023	J-GAAP
Nov - Jan, 2023	1,481	-57	23	68	4.9	-3.8	Mar 11, 2024	J-GAAP
Feb - Apr, 2024	2,543	672	862	596	42.7	26.4	Jun 10, 2024	J-GAAP
May - Jul, 2024	2,982	668	739	494	35.5	22.4	Sep 9, 2024	J-GAAP
YoY	+17.0%	-23.1%	-21.3%	-23.9%	-23.7%