GSI Creos Corporation, First Half Ordinary Profit Decreases by 7%, July-September Ordinary Profit Decreases by 7%

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Thu Nov 7, 2024 2:00 pm JST Earnings

8101 GSI Creos Corporation 【J-GAAP】

Earnings Report

GSI Creos Corporation <8101> [TSE-P] announced its financial results in the afternoon session on November 7th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 6.9% from the same period last year to 1.67 billion yen. The progress rate against the 3.1 billion yen full-year plan was 54.1%, below the five-year average of 60.9%.

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 grow by 18.8% from the same period last year, reaching 1.42 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 737 million yen, a 6.9% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.0% in the same period last year to 2.0%.

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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	60,508	1,123	1,281	909	74.2	71.7	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	70,850	1,722	1,802	1,297	105.8	60.1	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	79,652	1,805	1,678	1,237	100.9	54.1	Nov 7, 2024	J-GAAP
YoY	+12.4%	+4.8%	-6.9%	-4.6%	-4.7%

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	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	79,652	1,805	1,678	1,237	100.9	0	Nov 7, 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
Oct - Mar, 2023	75,344	1,159	1,197	722	58.9	83	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	70,348	1,295	1,422	963	78.5	90	Nov 7, 2024	J-GAAP
YoY	-6.6%	+11.7%	+18.8%	+33.4%	+33.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	131,054	1,829	1,787	1,769	144.3	73	May 15, 2023	J-GAAP
Mar, 2024	146,194	2,881	2,999	2,019	164.6	83	May 15, 2024	J-GAAP
Mar, 2025 Guidance	150,000	3,100	3,100	2,200	179.3	90	May 15, 2024	J-GAAP
YoY	+2.6%	+7.6%	+3.4%	+9.0%	+8.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	37,861	758	792	559	45.6	2.0	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	39,952	493	468	344	28.1	1.2	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	35,392	666	729	378	30.8	1.9	May 15, 2024	J-GAAP
Apr - Jun, 2024	32,534	886	941	648	52.9	2.7	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	47,118	919	737	589	48.0	2.0	Nov 7, 2024	J-GAAP
YoY	+24.4%	+21.2%	-6.9%	+5.4%	+5.3%