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

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%.

Kabutan News

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 Nov 14, 2023 J-GAAP
Jul - Sep, 2024 448 39 39 24 5.2 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 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 57.1 0 Aug 14, 2024 J-GAAP
YoY +33.2% +9.6% +19.2% -33.0% -34.2%

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%

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