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GIFT HOLDINGS INC., 3Q (May-July) Ordinary Profit Decreases by 12%

Fri Sep 13, 2024 3:00 pm JST Earnings

9279 GIFT HOLDINGS INC. 【J-GAAP】

Earnings Report

GIFT HOLDINGS INC. <9279> [TSE-P] announced its financial results after the market closed on September 13th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) increased by 28.3% from the same period last year, reaching 2.12 billion yen. However, this progress accounts for 69.3% of the full-year plan of 3.06 billion yen, also falling below the five-year average of 72.6%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to October period (4Q) is expected to grow by 21.8% from the same period last year, reaching 940 million yen.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit decreased to 526 million yen, a 12.5% decrease compared to the same period last year. The operating profit margin worsened from 9.8% in the same period last year to 7.4%.

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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 12,220 1,122 1,805 1,234 62.0 73.9 Sep 14, 2022 J-GAAP
Nov - Jul, 2022 16,632 1,598 1,652 1,129 56.7 68.2 Sep 14, 2023 J-GAAP
Nov - Jul, 2023 20,592 2,065 2,120 1,385 69.4 69.3 Sep 13, 2024 J-GAAP
YoY +23.8% +29.2% +28.3% +22.7% +22.5%

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 12,253 1,331 1,373 871 43.7 9 Dec 15, 2023 J-GAAP
May - Oct, 2024 Guidance 14,948 1,455 1,466 906 45.4 9 Jun 14, 2024 J-GAAP
YoY +22.0% +9.3% +6.8% +4.0% +3.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 17,015 1,571 2,442 1,538 77.2 13.50 Dec 15, 2022 J-GAAP
Oct, 2023 22,982 2,352 2,424 1,597 80.1 16.50 Dec 15, 2023 J-GAAP
Oct, 2024 Guidance 28,500 3,000 3,060 1,960 98.2 18 Jun 14, 2024 J-GAAP
YoY +24.0% +27.6% +26.2% +22.7% +22.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 5,903 577 601 403 20.2 9.8 Sep 14, 2023 J-GAAP
Aug - Oct, 2023 6,350 754 772 468 23.5 11.9 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 6,810 908 921 620 31.1 13.3 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 6,742 637 673 434 21.8 9.4 Jun 14, 2024 J-GAAP
May - Jul, 2024 7,040 520 526 331 16.6 7.4 Sep 13, 2024 J-GAAP
YoY +19.3% -9.9% -12.5% -17.9% -17.9%

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