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GRAPHITE DESIGN INC., First Half Ordinary Profit Turns to Profit, June-Augus Ordinary Profit Turns to Profit

Fri Oct 11, 2024 3:00 pm JST Earnings

7847 GRAPHITE DESIGN INC. 【J-GAAP】

Earnings Report

GRAPHITE DESIGN INC. <7847> [TSE-S] announced its financial results after the market closed on October 11th (15:00). The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a profit of 290 million yen (compared to a loss of 6 million yen in the same period last year). The progress rate against the 415 million yen full-year plan was 69.9%, also surpassing the five-year average of 42.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to February period (second half) is expected to drop by 48.3% from the same period last year to 125 million yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit/loss turned to a profit of profit of 127 million yen (compared to a loss of 35 million yen in the same period last year). The operating profit/loss margin drastically improved from -11.8% in the same period last year to 21.6%.

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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 1,706 339 470 323 50.1 52.5 Oct 13, 2022 J-GAAP
Mar - Aug, 2023 1,277 -53 -6 -2 -0.4 ー Oct 12, 2023 J-GAAP
Mar - Aug, 2024 1,677 325 290 199 30.8 69.9 Oct 11, 2024 J-GAAP
YoY +31.3% － － － －

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 1,677 325 290 199 30.7 15 Sep 27, 2024 J-GAAP
Mar - Aug, 2024 Results 1,677 325 290 199 30.8 15 Oct 11, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.5%

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 1,375 205 242 177 27.3 20 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 1,351 120 125 79 12.2 15 Sep 27, 2024 J-GAAP
YoY -1.7% -41.5% -48.3% -55.4% -55.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 3,551 770 895 614 95.1 50 Apr 14, 2023 J-GAAP
Feb, 2024 2,652 152 236 175 27.0 40 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 3,028 445 415 278 42.9 30 Sep 27, 2024 J-GAAP
YoY +14.2% +192.8% +75.8% +58.9% +58.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 550 -65 -35 -22 -4.7 -11.8 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 751 130 134 97 15.1 17.3 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 624 75 108 80 12.4 12.0 Apr 12, 2024 J-GAAP
Mar - May, 2024 762 127 163 111 17.3 16.7 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 915 198 127 88 13.6 21.6 Oct 11, 2024 J-GAAP
YoY +66.4% － － － －

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