GRCS Inc., June-August (3Q) Ordinary Profit Loss Widens

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Tue Oct 15, 2024 3:30 pm JST Earnings

9250 GRCS Inc. 【J-GAAP】

Earnings Report

GRCS Inc. <9250> [TSE-G] announced its financial results after the market closed on October 15th (15:30). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) was a reduced loss of 27 million yen (compared to a loss of 175 million yen in the same period last year).

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 September to November period (4Q) is expected to surge by 31 times that of the same period last year, reaching 61 million yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary loss expanded to a loss of 44 million yen (compared to a loss of 44 million yen in the same period last year). However, the operating profit/loss margin remained almost flat, changing from -5.3% in the same period last year to -5.1%.

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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
Dec - Aug, 2021	1,763	-56	-51	-81	-62.0	ー	Oct 14, 2022	J-GAAP
Dec - Aug, 2022	2,047	-161	-175	-211	-165.3	ー	Oct 13, 2023	J-GAAP
Dec - Aug, 2023	2,427	-11	-27	-33	-25.8	ー	Oct 15, 2024	J-GAAP
YoY	+18.6%	+93.2%	+84.6%	+84.4%	+84.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	1,417	-20	-42	-120	-93.7	0	Jan 12, 2024	J-GAAP
Jun - Nov, 2024 Guidance	1,699	23	17	15	11.1	0	Jul 12, 2024	J-GAAP
YoY	+19.9%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	2,398	-187	-187	-209	-160.6	0	Jan 13, 2023	J-GAAP
Nov, 2023	2,783	-145	-173	-280	-218.5	0	Jan 12, 2024	J-GAAP
Nov, 2024 Guidance	3,315	53	34	17	12.6	0	Jan 12, 2024	J-GAAP
YoY	+19.1%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	681	-36	-44	-51	-40.0	-5.3	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	736	16	2	-69	-53.9	2.2	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	868	87	83	66	51.9	10.0	Apr 12, 2024	J-GAAP
Mar - May, 2024	748	-57	-66	-64	-69.8	-7.6	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	811	-41	-44	-35	-27.4	-5.1	Oct 15, 2024	J-GAAP
YoY	+19.1%	-13.9%	0.0%	+31.4%	+31.4%