GMO GlobalSign Holdings K.K., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 9%, July-September Ordinary Profit Decreases by 87%

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Tue Nov 12, 2024 3:31 pm JST Earnings

3788 GMO GlobalSign Holdings K.K. 【J-GAAP】

Earnings Report

GMO GlobalSign Holdings K.K. <3788> [TSE-P] announced its financial results after the market closed on November 12th (15:31). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 9.2% from the same period last year to 842 million yen. The progress rate against the 1.38 billion yen full-year plan was 60.7%, also falling below the five-year average of 77.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 40.1% from the same period last year, reaching 545 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 32 million yen, a 87.1% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.6% in the same period last year to 1.6%.

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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	11,853	1,008	1,170	799	69.4	96.3	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	12,835	854	927	578	50.2	70.4	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	14,071	815	842	528	45.8	60.7	Nov 12, 2024	J-GAAP
YoY	+9.6%	-4.6%	-9.2%	-8.7%	-8.7%

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	8,980	678	637	329	28.6	38.46	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	9,684	706	577	333	29.0	36.47	Aug 8, 2024	J-GAAP
YoY	+7.8%	+4.1%	-9.4%	+1.2%	+1.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	15,960	1,141	1,215	846	73.5	39.06	Feb 13, 2023	J-GAAP
Dec, 2023	17,499	1,289	1,316	739	64.2	38.46	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	19,250	1,450	1,387	840	73.2	36.47	Feb 13, 2024	J-GAAP
YoY	+10.0%	+12.5%	+5.4%	+13.7%	+13.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,316	243	248	168	14.6	5.6	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	4,664	435	389	161	14.0	9.3	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	4,720	423	465	335	29.1	9.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	4,846	321	345	172	15.0	6.6	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	4,505	71	32	21	1.8	1.6	Nov 12, 2024	J-GAAP
YoY	+4.4%	-70.8%	-87.1%	-87.5%	-87.5%