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G-FACTORY CO.,LTD., July-September (3Q) Ordinary Profit Turns to Loss

Thu Nov 14, 2024 3:30 pm JST Earnings

3474 G-FACTORY CO.,LTD. 【J-GAAP】

Earnings Report

G-FACTORY CO.,LTD. <3474> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 37.5% from the same period last year to 10 million yen. This has already exceeded the planned deficit of loss of 27 million yen for the .

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the October to December period (4Q) is expected to further decrease to loss of 37 million yen (compared to a loss of 80 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 83 million yen (compared to a profit of 20 million yen in the same period last year). The operating profit/loss margin drastically worsened from 1.2% in the same period last year to -2.3%.

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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 3,473 156 177 225 34.9 83.1 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 4,160 0 16 -85 -13.2 ー Nov 14, 2023 J-GAAP
Jan - Sep, 2024 4,772 12 10 5 0.9 ー Nov 14, 2024 J-GAAP
YoY +14.7% － -37.5% － －

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 2,889 -22 -60 -139 -21.5 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 3,089 -64 -120 -164 -25.2 0 Aug 14, 2024 J-GAAP
YoY +6.9% -190.9% -100.0% -18.0% -17.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 4,735 214 213 271 41.9 10 Feb 10, 2023 J-GAAP
Dec, 2023 5,598 -39 -64 -194 -30.0 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 6,261 -16 -27 -70 -10.8 0 Feb 14, 2024 J-GAAP
YoY +11.8% +59.0% +57.8% +63.9% +64.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,451 17 20 -30 -4.7 1.2 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,438 -39 -80 -109 -16.8 -2.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,560 34 56 4 0.7 2.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,612 14 37 90 14.0 0.9 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,600 -36 -83 -89 -15.3 -2.3 Nov 14, 2024 J-GAAP
YoY +10.3% － － -196.7% -227.8%

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