GMB CORPORATION, First Half Ordinary Profit Decreases by 7%, July-September Ordinary Profit Decreases by 70%

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Thu Nov 14, 2024 3:30 pm JST Earnings

7214 GMB CORPORATION 【J-GAAP】

Earnings Report

GMB CORPORATION <7214> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 6.8% from the same period last year to 1.38 billion yen. The progress rate against the 2.65 billion yen full-year plan was 52.3%, below the five-year average of 70.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 1.26 billion yen (compared to a loss of 160 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 169 million yen, a 70.0% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.3% in the same period last year to 2.0%.

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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	41,547	7	2,070	1,272	241.0	62.4	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	46,102	1,021	1,488	819	154.9	112.0	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	52,010	1,230	1,387	424	80.0	52.3	Nov 14, 2024	J-GAAP
YoY	+12.8%	+20.5%	-6.8%	-48.2%	-48.4%

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	－	20	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	52,010	1,230	1,387	424	80.0	20	Nov 14, 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	50,189	609	-160	-411	-77.8	15	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	54,990	2,470	1,263	576	108.5	20	Nov 14, 2024	J-GAAP
YoY	+9.6%	+305.6%	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	87,169	2,142	3,319	1,213	229.6	20	May 15, 2023	J-GAAP
Mar, 2024	96,291	1,630	1,328	408	77.2	30	May 15, 2024	J-GAAP
Mar, 2025 Guidance	107,000	3,700	2,650	1,000	188.4	40	May 15, 2024	J-GAAP
YoY	+11.1%	+127.0%	+99.5%	+145.1%	+143.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	23,718	538	563	248	46.9	2.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	25,091	737	285	-17	-3.2	2.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	25,098	-128	-445	-394	-74.6	-0.5	May 15, 2024	J-GAAP
Apr - Jun, 2024	24,829	679	1,218	688	130.0	2.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	27,181	551	169	-264	-49.8	2.0	Nov 14, 2024	J-GAAP
YoY	+14.6%	+2.4%	-70.0%	－	－