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

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%

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