Gurunavi, Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 13%

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Fri Nov 1, 2024 3:10 pm JST Earnings

2440 Gurunavi, Inc. 【J-GAAP】

Earnings Report

Gurunavi, Inc. <2440> [TSE-P] announced its financial results after the market closed on November 1st (15:10). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a 266 million yen (compared to a break even in the same period last year), reversing from the forecast of a loss of 30 million yen to a profit.

In addition, the full-year consolidated ordinary profit has been revised upward by 12.5%, from the previous forecast of 160 million yen to 180 million yen (compared to a loss of 277 million yen in the previous period)..

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary loss for the October to March period (second half) is expected to further decrease to loss of 86 million yen (compared to a loss of 277 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.0 times that of the same period last year, reaching 136 million yen. The operating profit/loss margin significantly improved from -0.2% in the same period last year to 4.3%.

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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	5,865	-1,609	-1,565	-1,405	-27.0	ー	Nov 2, 2022	J-GAAP
Apr - Sep, 2023	5,652	-73	0	-232	-5.5	ー	Nov 1, 2023	J-GAAP
Apr - Sep, 2024	5,978	278	266	247	3.4	147.8	Nov 1, 2024	J-GAAP
YoY	+5.8%	－	－	－	－

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	6,000	10	-30	-50	-0.9	0	Aug 2, 2024	J-GAAP
Apr - Sep, 2024 Results	5,978	278	266	247	3.4	0	Nov 1, 2024	J-GAAP
Revision Rate	-0.4%	+2,680.0%	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	14,250	220	160	130	2.3	0	Aug 2, 2024	J-GAAP
Mar, 2025 New	14,250	240	180	150	2.7	0	Nov 1, 2024	J-GAAP
Revision Rate	0.0%	+9.1%	+12.5%	+15.4%	+15.7%

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	7,330	-266	-277	-131	-3.2	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,272	-38	-86	-97	-1.7	0	Nov 1, 2024	J-GAAP
YoY	+12.9%	+85.7%	+69.0%	+26.0%	+46.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	12,296	-1,724	-1,664	-2,286	-44.3	0	May 11, 2023	J-GAAP
Mar, 2024	12,982	-339	-277	-363	-9.0	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	14,250	240	180	150	2.7	0	Nov 1, 2024	J-GAAP
YoY	+9.8%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,066	-6	68	53	1.3	-0.2	Nov 1, 2023	J-GAAP
Oct - Dec, 2023	3,234	95	92	84	2.7	2.9	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	4,096	-361	-369	-215	-5.3	-8.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,879	144	130	115	1.6	5.0	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	3,099	134	136	132	1.8	4.3	Nov 1, 2024	J-GAAP
YoY	+1.1%	－	+100.0%	+149.1%	+45.2%