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

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%

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