GLOBERIDE, Inc., First Half Ordinary Profit Decreases by 33%

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Fri Nov 8, 2024 3:30 pm JST Earnings

7990 GLOBERIDE, Inc. 【J-GAAP】

Earnings Report

GLOBERIDE, Inc. <7990> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 32.8% from the same period last year to 4.84 billion yen. The progress rate against the 5.1 billion yen full-year plan was 94.9%, also surpassing the five-year average of 75.1%.

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 significant drop by 77.9% from the same period last year to 260 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 2.24 billion yen, a 14.1% decrease compared to the same period last year. However, the operating profit margin improved from 7.3% in the same period last year to 8.6%.

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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	74,320	9,423	10,258	7,423	323.3	81.0	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	67,876	6,522	7,198	5,099	222.0	85.9	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	65,253	5,011	4,840	3,327	144.8	94.9	Nov 8, 2024	J-GAAP
YoY	-3.9%	-23.2%	-32.8%	-34.8%	-34.8%

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	65,200	5,000	4,800	3,300	143.5	40	Oct 30, 2024	J-GAAP
Apr - Sep, 2024 Results	65,253	5,011	4,840	3,327	144.8	40	Nov 8, 2024	J-GAAP
Revision Rate	+0.1%	+0.2%	+0.8%	+0.8%	+0.9%

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	58,132	974	1,177	483	21.0	35	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	61,747	489	260	73	3.2	40	Nov 8, 2024	J-GAAP
YoY	+6.2%	-49.8%	-77.9%	-84.9%	-84.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	134,583	12,125	12,659	9,188	400.0	60	May 12, 2023	J-GAAP
Mar, 2024	126,008	7,496	8,375	5,582	243.0	70	May 13, 2024	J-GAAP
Mar, 2025 Guidance	127,000	5,500	5,100	3,400	147.9	80	May 13, 2024	J-GAAP
YoY	+0.8%	-26.6%	-39.1%	-39.1%	-39.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	33,760	2,481	2,617	1,585	69.0	7.3	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	28,612	1,864	1,613	1,124	48.9	6.5	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	29,520	-890	-436	-641	-27.9	-3.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	31,481	2,122	2,592	1,650	71.8	6.7	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	33,772	2,889	2,248	1,677	73.0	8.6	Nov 8, 2024	J-GAAP
YoY	+0.0%	+16.4%	-14.1%	+5.8%	+5.8%