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GFOOT CO.,LTD., First Half Net Income Loss Narrows

Wed Oct 9, 2024 3:30 pm JST Earnings

2686 GFOOT CO.,LTD. 【J-GAAP】

Earnings Report

GFOOT CO.,LTD. <2686> [TSE-S] announced its financial results after the market closed on October 9th (15:30). The consolidated net loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was a reduced loss of 159 million yen (compared to a loss of 800 million yen in the same period last year). The company has been in a state of excessive liabilities (4.9 billion yen) since the fiscal year ending February 2022.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the September to February period (second half) is expected to turn into a profit of 169 million yen (compared to a loss of 968 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated net loss improved to a deficit of loss of 367 million yen (compared to a loss of 836 million yen in the same period last year). The operating profit/loss margin improved from -4.4% in the same period last year to -1.8%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Aug, 2022 33,009 -1,988 -2,088 -2,136 -50.2 ー Oct 5, 2022 J-GAAP
Mar - Aug, 2023 33,665 -490 -615 -800 -18.8 ー Oct 11, 2023 J-GAAP
Mar - Aug, 2024 32,273 118 -44 -159 -3.7 ー Oct 9, 2024 J-GAAP
YoY -4.1% － +92.8% +80.1% +80.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 0 Apr 10, 2024 J-GAAP
Mar - Aug, 2024 Results 32,273 118 -44 -159 -3.7 0 Oct 9, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 30,936 -591 -748 -968 -22.8 0 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 31,727 382 244 169 3.9 0 Oct 9, 2024 J-GAAP
YoY +2.6% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 65,695 -4,804 -5,004 -5,523 -129.8 0 Apr 12, 2023 J-GAAP
Feb, 2024 64,601 -1,081 -1,363 -1,768 -41.6 0 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 64,000 500 200 10 0.2 0 Apr 10, 2024 J-GAAP
YoY -0.9% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 15,590 -689 -754 -836 -19.7 -4.4 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 15,544 -185 -268 -265 -6.2 -1.2 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 15,392 -406 -480 -703 -16.5 -2.6 Apr 10, 2024 J-GAAP
Mar - May, 2024 16,933 400 317 208 4.9 2.4 Jul 10, 2024 J-GAAP
Jun - Aug, 2024 15,340 -282 -361 -367 -8.6 -1.8 Oct 9, 2024 J-GAAP
YoY -1.6% +59.1% +52.1% +56.1% +56.1%

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