Genki Global Dining Concepts Corporation, The Current Fiscal Year Ordinary Profit Revised Upward by 25%, Adds to Record High Profit Forecast

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Wed Oct 30, 2024 4:00 pm JST Earnings

9828 Genki Global Dining Concepts Corporation 【J-GAAP】

Earnings Report

Genki Global Dining Concepts Corporation <9828> [TSE-S] announced its financial results after the market closed on October 30th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3.97 billion yen, an increase of 61.7% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 25.5%, from the previous forecast of 5.1 billion yen to 6.4 billion yen (compared to 5.08 billion yen in the previous period), increasing the growth rate from 0.4% to 26.0%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 7.5% from the same period last year to 2.42 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 51.0% from the same period last year, reaching 2.11 billion yen. The operating profit margin significantly improved from 8.5% in the same period last year to 12.0%.

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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	26,132	990	992	844	47.9	56.4	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	30,949	2,406	2,459	1,524	86.4	48.4	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	33,796	3,906	3,975	2,572	145.7	62.1	Oct 30, 2024	J-GAAP
YoY	+9.2%	+62.3%	+61.7%	+68.8%	+68.7%

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	ー	ー	ー	ー	－	30	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	33,796	3,906	3,975	2,572	145.7	30	Oct 30, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	64,500	5,000	5,100	3,300	186.9	60	May 10, 2024	J-GAAP
Mar, 2025 New	66,800	6,300	6,400	4,100	232.2	60	Oct 30, 2024	J-GAAP
Revision Rate	+3.6%	+26.0%	+25.5%	+24.2%	+24.2%

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	30,889	2,511	2,622	1,738	98.4	50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	33,004	2,394	2,425	1,528	86.5	30	Oct 30, 2024	J-GAAP
YoY	+6.8%	-4.7%	-7.5%	-12.1%	-12.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	54,614	1,736	1,759	1,013	57.4	7.50	May 12, 2023	J-GAAP
Mar, 2024	61,838	4,917	5,081	3,262	184.8	60	May 10, 2024	J-GAAP
Mar, 2025 Guidance	66,800	6,300	6,400	4,100	232.2	60	Oct 30, 2024	J-GAAP
YoY	+8.0%	+28.1%	+26.0%	+25.7%	+25.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	15,930	1,358	1,403	884	50.1	8.5	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	15,181	1,343	1,380	926	52.5	8.8	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	15,708	1,168	1,242	812	46.0	7.4	May 10, 2024	J-GAAP
Apr - Jun, 2024	16,318	1,813	1,857	1,218	69.0	11.1	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	17,478	2,093	2,118	1,354	76.7	12.0	Oct 30, 2024	J-GAAP
YoY	+9.7%	+54.1%	+51.0%	+53.2%	+53.1%