GRID Inc., July-September (1Q) Ordinary Profit Turns to Profit

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Thu Nov 14, 2024 11:30 am JST Earnings

5582 GRID Inc. 【J-GAAP】

Earnings Report

GRID Inc. <5582> [TSE-G] announced its financial results at noon (11:30) on November 14th. The ordinary profit/loss (non-consolidated) for the first quarter of the fiscal year ending June 2025 (July to September) turned into a profit of 39 million yen (compared to a loss of 114 million yen in the same period last year). The progress rate against the 410 million yen full-year plan was 9.5%.

In the most recent three-month period, from July to September (1Q), the operating profit/loss margin drastically improved from -41.3% in the same period last year to 8.7%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jul - Sep, 2023	225	-93	-114	-120	-26.4	ー	Nov 14, 2023	J-GAAP
Jul - Sep, 2024	448	39	39	24	5.2	ー	Nov 14, 2024	J-GAAP
YoY	+99.1%	－	－	－	－

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	638	3	-17	-14	-3.2	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	ー	ー	ー	ー	－	0	Aug 14, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2023	1,353	208	204	228	62.9	0	Aug 14, 2023	J-GAAP
Jun, 2024	1,652	365	344	403	86.7	0	Aug 14, 2024	J-GAAP
Jun, 2025 Guidance	2,200	400	410	270	56.9	0	Aug 14, 2024	J-GAAP
YoY	+33.2%	+9.6%	+19.2%	-33.0%	-34.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	225	-93	-114	-120	-26.4	-41.3	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	413	96	97	106	23.9	23.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	412	100	100	80	17.5	24.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	602	262	261	337	72.5	43.5	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	448	39	39	24	5.2	8.7	Nov 14, 2024	J-GAAP
YoY	+99.1%	－	－	－	－