GEOSTR Corporation, First Half Ordinary Profit Decreases by 10%

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Fri Nov 8, 2024 3:30 pm JST Earnings

5282 GEOSTR Corporation 【J-GAAP】

Earnings Report

GEOSTR Corporation <5282> [TSE-S] 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) decreased by 10.0% from the same period last year to 618 million yen. However, The progress rate against the 1 billion yen full-year plan was 61.8%, also surpassing the five-year average of 44.9%.

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 significant drop by 67.2% from the same period last year to 382 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 209 million yen, a 56.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.3% in the same period last year to 3.6%.

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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	10,992	814	823	474	15.2	53.3	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	10,894	675	687	455	14.5	37.1	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	11,737	605	618	397	12.7	61.8	Nov 8, 2024	J-GAAP
YoY	+7.7%	-10.4%	-10.0%	-12.7%	-12.6%

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	12,800	630	650	440	14.1	3	Sep 6, 2024	J-GAAP
Apr - Sep, 2024 Results	11,737	605	618	397	12.7	3	Nov 8, 2024	J-GAAP
Revision Rate	-8.3%	-4.0%	-4.9%	-9.8%	-9.6%

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	16,016	1,156	1,165	647	20.7	11	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	17,663	365	382	243	7.8	3	Nov 8, 2024	J-GAAP
YoY	+10.3%	-68.4%	-67.2%	-62.4%	-62.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	25,236	1,522	1,543	645	20.7	6	May 12, 2023	J-GAAP
Mar, 2024	26,910	1,831	1,852	1,102	35.3	11	May 15, 2024	J-GAAP
Mar, 2025 Guidance	29,400	970	1,000	640	20.5	6	Sep 6, 2024	J-GAAP
YoY	+9.3%	-47.0%	-46.0%	-41.9%	-42.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,528	476	475	312	10.0	7.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	5,963	314	324	196	6.3	5.3	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	10,053	842	841	451	14.4	8.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	5,979	396	409	275	8.8	6.6	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	5,758	209	209	122	3.9	3.6	Nov 8, 2024	J-GAAP
YoY	-11.8%	-56.1%	-56.0%	-60.9%	-60.8%