GECOSS CORPORATION, First Half Ordinary Profit Decreases by 4%, Current Fiscal Year Dividend Revised Upward by 11 yen

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Tue Oct 29, 2024 4:00 pm JST Earnings

9991 GECOSS CORPORATION 【J-GAAP】

Earnings Report

GECOSS CORPORATION <9991> [TSE-P] announced its financial results after the market closed on October 29th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 4.1% from the same period last year to 2.72 billion yen. The progress rate against the 6 billion yen full-year plan was 45.5%, which was higher than the five-year average of 41.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 12.9% from the same period last year to 3.27 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 37 yen to 48 yen (compared to 40 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.35 billion yen, a 8.1% decrease compared to the same period last year. However, the operating profit margin improved from 4.5% in the same period last year to 5.2%.

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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
Apr - Sep, 2022	54,575	1,601	1,817	1,188	32.6	37.1	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	61,972	2,632	2,845	1,928	57.1	43.1	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	53,781	2,752	2,729	1,756	52.0	45.5	Oct 29, 2024	J-GAAP
YoY	-13.2%	+4.6%	-4.1%	-8.9%	-8.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	55,400	2,300	2,550	1,750	51.8	15	Apr 25, 2024	J-GAAP
Apr - Sep, 2024 Results	53,781	2,752	2,729	1,756	52.0	20	Oct 29, 2024	J-GAAP
Revision Rate	-2.9%	+19.7%	+7.0%	+0.3%	+0.4%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	115,000	5,500	6,000	4,100	121.9	37	Apr 25, 2024	J-GAAP
Mar, 2025 New	115,000	5,500	6,000	4,100	121.9	48	Oct 29, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	66,222	3,612	3,757	2,486	73.6	23	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	61,219	2,748	3,271	2,344	69.7	28	Oct 29, 2024	J-GAAP
YoY	-7.6%	-23.9%	-12.9%	-5.7%	-5.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	120,521	4,503	4,903	3,428	95.1	35	Apr 26, 2023	J-GAAP
Mar, 2024	128,194	6,244	6,602	4,414	130.6	40	Apr 25, 2024	J-GAAP
Mar, 2025 Guidance	115,000	5,500	6,000	4,100	121.9	48	Oct 29, 2024	J-GAAP
YoY	-10.3%	-11.9%	-9.1%	-7.1%	-6.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	30,444	1,379	1,473	990	29.3	4.5	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	34,419	2,063	2,001	1,333	39.5	6.0	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	31,803	1,549	1,756	1,153	34.1	4.9	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	26,954	1,366	1,375	902	26.7	5.1	Jul 25, 2024	J-GAAP
Jul - Sep, 2024	26,827	1,386	1,354	854	25.3	5.2	Oct 29, 2024	J-GAAP
YoY	-11.9%	+0.5%	-8.1%	-13.7%	-13.7%