G-TEKT CORPORATION, First Half Ordinary Profit Decreases by 31%, Current Fiscal Year Dividend Revised Upward by 4 yen

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Mon Nov 11, 2024 4:00 pm JST Earnings

5970 G-TEKT CORPORATION 【J-GAAP】

Earnings Report

G-TEKT CORPORATION <5970> [TSE-P] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 31.3% from the same period last year to 5.49 billion yen. The progress rate against the 14.4 billion yen full-year plan was 38.2%, almost the same as the five-year average of 40.5%.

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 decrease by 18.3% from the same period last year to 8.9 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 70 yen to 74 yen (compared to 67 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 1.29 billion yen, a 68.8% decrease compared to the same period last year. The operating profit margin worsened from 4.3% in the same period last year to 2.9%.

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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	154,796	7,200	9,404	6,940	161.5	65.8	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	165,237	6,284	8,003	5,946	138.2	42.4	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	167,395	5,356	5,499	3,899	90.5	38.2	Nov 11, 2024	J-GAAP
YoY	+1.3%	-14.8%	-31.3%	-34.4%	-34.5%

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	－	35	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	167,395	5,356	5,499	3,899	90.5	37	Nov 11, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	346,000	14,200	14,400	10,000	232.0	70	May 10, 2024	J-GAAP
Mar, 2025 New	346,000	14,200	14,400	10,000	232.0	74	Nov 11, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	179,364	9,958	10,893	7,294	169.4	35	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	178,605	8,844	8,901	6,101	141.6	37	Nov 11, 2024	J-GAAP
YoY	-0.4%	-11.2%	-18.3%	-16.4%	-16.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	314,312	12,836	14,284	10,270	238.9	58	May 12, 2023	J-GAAP
Mar, 2024	344,601	16,242	18,896	13,240	307.5	67	May 10, 2024	J-GAAP
Mar, 2025 Guidance	346,000	14,200	14,400	10,000	232.0	74	Nov 11, 2024	J-GAAP
YoY	+0.4%	-12.6%	-23.8%	-24.5%	-24.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	86,419	3,674	4,163	3,201	74.4	4.3	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	94,725	5,576	5,431	3,762	87.4	5.9	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	84,639	4,382	5,462	3,532	82.0	5.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	86,837	3,058	4,200	3,061	71.1	3.5	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	80,558	2,298	1,299	838	19.5	2.9	Nov 11, 2024	J-GAAP
YoY	-6.8%	-37.5%	-68.8%	-73.8%	-73.9%