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

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% － －

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