GMO Pepabo, Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 24%, Dividend Revised Upward by 13 yen

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Wed Nov 6, 2024 3:31 pm JST Earnings

3633 GMO Pepabo, Inc. 【J-GAAP】

Earnings Report

GMO Pepabo, Inc. <3633> [TSE-S] announced its financial results after the market closed on November 6th (15:31). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 833 million yen (compared to a loss of 504 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit has been revised upward by 23.9%, from the previous forecast of 700 million yen to 867 million yen (compared to a loss of 246 million yen in the previous period).

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has been revised upward by 80.7%, from the previous forecast of 207 million yen to 374 million yen (compared to 500 million yen in the same period of the previous year), and the declining rate is expected to decrease from 58.6% to 25.2%.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 40 yen to 53 yen (compared to no dividend in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 40.5% from the same period last year, reaching 340 million yen. The operating profit margin improved from 9.0% in the same period last year to 10.4%.

Kabutan News

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
Jan - Sep, 2022	7,809	570	599	418	79.0	78.1	Nov 7, 2022	J-GAAP
Jan - Sep, 2023	8,225	-582	-504	-724	-137.3	ー	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	8,105	782	833	551	104.4	96.1	Nov 6, 2024	J-GAAP
YoY	-1.5%	－	－	－	－

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	5,598	204	207	96	18.2	40	Aug 6, 2024	J-GAAP
Jul - Dec, 2024 New	5,466	324	374	229	43.4	53	Nov 6, 2024	J-GAAP
Revision Rate	-2.4%	+58.8%	+80.7%	+138.5%	+138.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	10,963	700	700	421	79.8	40	Feb 13, 2024	J-GAAP
Dec, 2024 New	10,831	820	867	554	105.0	53	Nov 6, 2024	J-GAAP
Revision Rate	-1.2%	+17.1%	+23.9%	+31.6%	+31.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	5,380	485	500	264	50.1	0	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	5,466	324	374	229	43.4	53	Nov 6, 2024	J-GAAP
YoY	+1.6%	-33.2%	-25.2%	-13.3%	-13.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	10,531	732	767	510	96.4	50	Feb 6, 2023	J-GAAP
Dec, 2023	10,903	-340	-246	-628	-119.2	0	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	10,831	820	867	554	105.0	53	Nov 6, 2024	J-GAAP
YoY	-0.7%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,702	243	242	168	31.9	9.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	2,678	242	258	96	18.2	9.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,647	234	235	154	29.3	8.8	May 8, 2024	J-GAAP
Apr - Jun, 2024	2,718	262	258	171	32.4	9.6	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	2,740	286	340	226	42.8	10.4	Nov 6, 2024	J-GAAP
YoY	+1.4%	+17.7%	+40.5%	+34.5%	+34.5%