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GLOE Inc., The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

Thu Sep 12, 2024 3:00 pm JST Earnings

9565 GLOE Inc. 【J-GAAP】

Earnings Report

GLOE Inc. <9565> [TSE-G] announced its financial results after the market closed on September 12th (15:00). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) expanded to a loss of 55 million yen (compared to a loss of 10 million yen in the previous period).

The full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 150 million yen to loss of 3 million yen (compared to 1 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the May to October period (second half) has been revised downward from an expected profit of 147 million yen to loss of 6 million yen (compared to 4 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary loss expanded to a loss of 58 million yen (compared to a loss of 7 million yen in the previous period). The operating profit/loss margin drastically worsened from -1.8% in the same period last year to -14.0%.

Kabutan News

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, 2022 1,576 1 -10 -13 -5.0 ー Sep 13, 2023 J-GAAP
Nov - Jul, 2023 1,545 -53 -55 -86 -31.7 ー Sep 12, 2024 J-GAAP
YoY -2.0% － -450.0% -561.5% -531.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 Prev 1,469 145 147 114 41.7 0 Jun 13, 2024 J-GAAP
May - Oct, 2024 New 1,139 -5 -6 -12 -4.4 0 Sep 12, 2024 J-GAAP
Revision Rate -22.5% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2024 Prev 2,600 150 150 95 34.7 0 Dec 13, 2023 J-GAAP
Oct, 2024 New 2,270 0 -3 -31 -11.3 0 Sep 12, 2024 J-GAAP
Revision Rate -12.7% － － － －

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 1,071 6 4 1 0.4 0 Dec 13, 2023 J-GAAP
May - Oct, 2024 Guidance 1,139 -5 -6 -12 -4.4 0 Sep 12, 2024 J-GAAP
YoY +6.3% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 2,050 211 227 144 57.9 0 Dec 15, 2022 J-GAAP
Oct, 2023 2,264 14 1 -5 -2.1 0 Dec 13, 2023 J-GAAP
Oct, 2024 Guidance 2,270 0 -3 -31 -11.3 0 Sep 12, 2024 J-GAAP
YoY +0.3% － － -520.0% -437.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 383 -7 -7 -7 -2.7 -1.8 Sep 13, 2023 J-GAAP
Aug - Oct, 2023 688 13 11 8 3.4 1.9 Dec 13, 2023 J-GAAP
Nov - Jan, 2023 597 -4 -6 -22 -8.2 -0.7 Mar 14, 2024 J-GAAP
Feb - Apr, 2024 534 9 9 3 1.2 1.7 Jun 13, 2024 J-GAAP
May - Jul, 2024 414 -58 -58 -67 -24.7 -14.0 Sep 12, 2024 J-GAAP
YoY +8.1% -728.6% -728.6% -857.1% -814.1%

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