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Grandy House Corporation, First Half Ordinary Profit Decreases by 46%, July-September Ordinary Profit Decreases by 14%

Wed Nov 13, 2024 3:30 pm JST Earnings

8999 Grandy House Corporation 【J-GAAP】

Earnings Report

Grandy House Corporation <8999> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 45.7% from the same period last year to 255 million yen. The progress rate against the 1 billion yen full-year plan was 25.5%, also falling below the five-year average of 49.2%.

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 expand by 83.0% from the same period last year, reaching 745 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 230 million yen, a 13.9% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.5% in the same period last year to 2.2%.

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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 27,632 1,882 1,785 1,245 42.9 57.5 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 24,726 583 470 251 8.7 53.6 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 26,983 434 255 77 2.7 25.5 Nov 13, 2024 J-GAAP
YoY +9.1% -25.6% -45.7% -69.3% -68.4%

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 － 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 26,983 434 255 77 2.7 0 Nov 13, 2024 J-GAAP
Revision Rate － － － － －

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 26,795 592 407 165 5.8 32 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 27,017 866 745 523 18.2 32 Nov 13, 2024 J-GAAP
YoY +0.8% +46.3% +83.0% +217.0% +216.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 55,205 3,329 3,103 2,168 74.5 32 May 12, 2023 J-GAAP
Mar, 2024 51,521 1,175 877 416 14.5 32 May 13, 2024 J-GAAP
Mar, 2025 Guidance 54,000 1,300 1,000 600 20.9 32 May 13, 2024 J-GAAP
YoY +4.8% +10.6% +14.0% +44.2% +43.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,925 319 267 143 4.9 2.5 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 12,776 198 116 63 2.2 1.5 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 14,019 394 291 102 3.6 2.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 12,832 116 25 -59 -2.1 0.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 14,151 318 230 136 4.8 2.2 Nov 13, 2024 J-GAAP
YoY +9.5% -0.3% -13.9% -4.9% -2.2%

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