Global Information, Inc., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 14% Decrease, Dividend Revised Upward by 3 yen

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Fri Nov 8, 2024 3:30 pm JST Earnings

4171 Global Information, Inc. 【J-GAAP】

Earnings Report

Global Information, Inc. <4171> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 22.0% from the same period last year to 340 million yen.

In addition, the full-year consolidated ordinary profit has downwardly by 15.4%, from the previous forecast of 573 million yen to 485 million yen (compared to 565 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 14.2% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has downwardly by 34.8%, from the previous forecast of 253 million yen to 165 million yen (compared to 219 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 24.7% decrease in profit.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 57 yen to 60 yen (compared to 52 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 20 million yen, a 77.8% decrease compared to the same period last year. The operating profit margin significantly dropped from 13.6% in the same period last year to 8.9%.

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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	2,161	452	476	326	110.8	73.5	Nov 9, 2022	J-GAAP
Jan - Sep, 2023	2,121	390	436	281	95.4	77.2	Nov 8, 2023	J-GAAP
Jan - Sep, 2024	2,023	336	340	231	78.3	70.1	Nov 8, 2024	J-GAAP
YoY	-4.6%	-13.8%	-22.0%	-17.8%	-17.9%

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	1,709	285	253	175	59.1	31	Aug 8, 2024	J-GAAP
Jul - Dec, 2024 New	1,373	193	165	111	37.5	34	Nov 8, 2024	J-GAAP
Revision Rate	-19.7%	-32.3%	-34.8%	-36.6%	-36.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	3,206	574	573	389	131.3	57	Feb 9, 2024	J-GAAP
Dec, 2024 New	2,870	482	485	325	109.7	60	Nov 8, 2024	J-GAAP
Revision Rate	-10.5%	-16.0%	-15.4%	-16.5%	-16.5%

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	1,378	215	219	163	55.4	26	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	1,373	193	165	111	37.5	34	Nov 8, 2024	J-GAAP
YoY	-0.4%	-10.2%	-24.7%	-31.9%	-32.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,984	626	648	438	148.6	45	Feb 10, 2023	J-GAAP
Dec, 2023	2,917	526	565	382	129.9	52	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	2,870	482	485	325	109.7	60	Nov 8, 2024	J-GAAP
YoY	-1.6%	-8.4%	-14.2%	-14.9%	-15.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	582	79	90	62	21.0	13.6	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	796	136	129	101	34.4	17.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	1,043	297	312	208	70.7	28.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	454	-8	8	6	2.0	-1.8	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	526	47	20	17	5.8	8.9	Nov 8, 2024	J-GAAP
YoY	-9.6%	-40.5%	-77.8%	-72.6%	-72.6%