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GEOCODE CO.,Ltd., First Half Ordinary Profit Turns to Profit

Tue Oct 15, 2024 3:40 pm JST Earnings

7357 GEOCODE CO.,Ltd. 【J-GAAP】

Earnings Report

GEOCODE CO.,Ltd. <7357> [TSE-S] announced its financial results after the market closed on October 15th (15:40). 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 9 million yen (compared to a loss of 12 million yen in the same period last year). However, The progress rate against the 59 million yen full-year plan was 15.3%, also falling below the five-year average of 32.0%.

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 expand by 47.1% from the same period last year, reaching 50 million yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit increased by 46.2% from the same period last year, reaching 19 million yen. The operating profit margin improved from 1.6% in the same period last year to 2.9%.

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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 735 25 33 20 7.9 27.7 Oct 13, 2022 J-GAAP
Mar - Aug, 2023 740 -24 -12 -7 -2.9 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 791 -6 9 5 2.0 15.3 Oct 15, 2024 J-GAAP
YoY +6.9% +75.0%

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 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 791 -6 9 5 2.0 0 Oct 15, 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 780 19 34 21 7.8 20 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 924 46 50 25 9.0 Oct 15, 2024 J-GAAP
YoY +18.5% +142.1% +47.1% +19.0% +15.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 1,519 97 119 79 30.2 15 May 26, 2023 J-GAAP
Feb, 2024 1,520 -5 22 14 5.2 20 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 1,715 40 59 30 10.8 Apr 12, 2024 J-GAAP
YoY +12.8% +168.2% +114.3% +108.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 381 6 13 9 3.7 1.6 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 380 -4 0 0 0.1 -1.1 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 400 23 34 21 7.8 5.8 Apr 12, 2024 J-GAAP
Mar - May, 2024 377 -18 -10 -6 -2.5 -4.8 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 414 12 19 11 4.5 2.9 Oct 15, 2024 J-GAAP
YoY +8.7% +100.0% +46.2% +22.2% +21.4%

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