GreenBee, Inc., July-September (3Q) Ordinary Profit Turns to Loss

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Thu Nov 14, 2024 1:00 pm JST Earnings

3913 GreenBee, Inc. 【J-GAAP】

Earnings Report

GreenBee, Inc. <3913> [TSE-G] announced its financial results in the afternoon session on November 14th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) surged by 2.6 times that of the same period last year, reaching 13 million yen. However, The progress rate against the 46 million yen full-year plan was 28.3%, also falling below the five-year average of 169.4%.

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/loss for the October to December period (4Q) is expected to turn into a profit of 33 million yen (compared to a loss of 2 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a loss of 8 million yen (compared to a profit of 2 million yen in the same period last year). However, the operating profit margin improved from 0.0% in the same period last year to 0.6%.

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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	594	-7	15	5	2.9	ー	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	582	-7	5	-153	-67.9	166.7	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	562	10	13	15	6.9	28.3	Nov 14, 2024	J-GAAP
YoY	-3.4%	－	+160.0%	－	－

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	428	-34	0	-162	-72.1	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	512	37	25	11	4.7	0	Aug 14, 2024	J-GAAP
YoY	+19.6%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	827	-196	-182	-185	-89.4	0	Feb 14, 2023	J-GAAP
Dec, 2023	813	-41	3	-163	-72.6	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	898	46	46	34	14.6	0	Feb 14, 2024	J-GAAP
YoY	+10.5%	－	+1,433.3%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	197	0	2	-152	-67.4	0.0	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	231	-34	-2	-10	-4.5	-14.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	224	17	23	27	12.0	7.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	162	-8	-2	-4	-1.8	-4.9	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	176	1	-8	-8	-3.7	0.6	Nov 14, 2024	J-GAAP
YoY	-10.7%	－	－	+94.7%	+94.6%