Goodpatch Inc., Last Fiscal Year's Ordinary Profit Exceeds Expectations, 4.2 times Increase in Ordinary Profit for The Current Fiscal Year

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Tue Oct 15, 2024 3:00 pm JST Earnings

7351 Goodpatch Inc. 【J-GAAP】

Earnings Report

Goodpatch Inc. <7351> [TSE-G] announced its financial results after the market closed on October 15th (15:00). The consolidated ordinary profit for the fiscal year ending August 2024 dropped by 84.6% from the previous period to 46 million yen, although it exceeded the initial forecast of 36 million yen. For the fiscal year ending August 2025, the profit is expected to recover to 4.2 times to 195 million yen. This will be the tenth consecutive term of revenue growth.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit significantly dropped to 5 million yen, a 86.5% decrease compared to the same period last year. The operating profit/loss margin drastically worsened from 3.2% in the same period last year to -0.1%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2022	3,724	394	395	72	8.9	0	Oct 14, 2022	J-GAAP
Aug, 2023	3,928	298	299	216	25.0	0	Oct 13, 2023	J-GAAP
Aug, 2024	3,942	34	46	11	1.3	0	Oct 15, 2024	J-GAAP
YoY	+0.4%	-88.6%	-84.6%	-94.9%	-94.9%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2024 Guidance	3,946	26	36	1	0.1	0	Jun 18, 2024	J-GAAP
Aug, 2024 Results	3,942	34	46	11	1.3	0	Oct 15, 2024	J-GAAP
Revision Rate	-0.1%	+30.8%	+27.8%	+1,000.0%	+1,054.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	2,065	75	78	42	4.7	0	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	ー	ー	ー	ー	－	0	Oct 15, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	3,928	298	299	216	25.0	0	Oct 13, 2023	J-GAAP
Aug, 2024	3,942	34	46	11	1.3	0	Oct 15, 2024	J-GAAP
Aug, 2025 Guidance	4,380	204	195	113	13.0	0	Oct 15, 2024	J-GAAP
YoY	+11.1%	+500.0%	+323.9%	+927.3%	+922.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	1,059	34	37	30	3.5	3.2	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	1,024	-28	-29	-30	-3.3	-2.7	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	1,041	103	107	72	8.0	9.9	Apr 12, 2024	J-GAAP
Mar - May, 2024	935	-40	-37	-31	-3.4	-4.3	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	942	-1	5	0	0.1	-0.1	Oct 15, 2024	J-GAAP
YoY	-11.0%	－	-86.5%	－	-98.6%