GMO Financial Gate, Inc., Net Income to Reach 1.3 billion yen for The Current Fiscal Year, Increased Previous Year's Dividend by 10 yen, This Fiscal Year to Increase Dividend by 18 yen

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Tue Nov 12, 2024 3:31 pm JST Earnings

4051 GMO Financial Gate, Inc. 【J-GAAP】

Earnings Report

GMO Financial Gate, Inc. <4051> [TSE-G] announced its financial results after the market closed on November 12th (15:31). The consolidated net income for the fiscal year ending September 2024 increased by 32.2% from the previous period to 986 million yen. With the transition to International Financial Reporting Standards (IFRS) for the fiscal year ending September 2025, the profit is expected to expand to 1.31 billion yen.

At the same time, the company increased the annual dividend for the previous term from 52 yen to 62 yen (compared to 46 yen in the prior term), and has decided to increase the dividend this fiscal year to 80 yen, an increase of 18 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the consolidated net income decreased to 126 million yen, a 5.3% decrease compared to the same period last year. The operating profit margin worsened from 3.7% in the same period last year to 2.3%.

Note: As accounting standards will be transitioning from Japan GAAP to IFRS from the fiscal year ending September 2025, comparisons with the previous period are not shown.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	10,295	740	745	472	57.3	29	Nov 14, 2022	J-GAAP
Sep, 2023	15,909	1,120	1,114	746	90.3	46	Nov 13, 2023	J-GAAP
Sep, 2024	18,705	1,531	1,513	1,013	122.0	62	Nov 12, 2024	IFRS
YoY	－	－	－	－	－

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	19,200	1,410	1,392	859	103.2	52	Nov 13, 2023	J-GAAP
Sep, 2024 Results	18,705	1,531	1,513	1,013	122.0	62	Nov 12, 2024	IFRS
Revision Rate	－	－	－	－	－

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	9,244	922	916	551	66.5	0	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,677	1,090	1,081	677	82.0	0	Nov 12, 2024	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	15,909	1,120	1,114	746	90.3	46	Nov 13, 2023	J-GAAP
Sep, 2024	18,705	1,531	1,513	1,013	122.0	62	Nov 12, 2024	IFRS
Sep, 2025 Guidance	22,200	2,020	2,002	1,316	159.5	80	Nov 12, 2024	IFRS
YoY	+18.7%	+31.9%	+32.3%	+29.9%	+30.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,906	144	141	133	16.1	3.7	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	4,496	485	483	290	35.1	10.8	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	4,748	437	433	261	31.5	9.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	4,351	477	475	309	37.2	11.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	5,110	132	122	153	18.4	2.6	Nov 12, 2024	IFRS
YoY	－	－	－	－	－