giftee Inc., July-September (3Q) Ordinary Profit Increases by 59%, Current Fiscal Year Dividend Revised to 10 yen

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Thu Nov 14, 2024 3:30 pm JST Earnings

4449 giftee Inc. 【J-GAAP】

Earnings Report

giftee Inc. <4449> [TSE-P] 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) was 1.29 billion yen, a 2.9% increase compared to the same period last year. The progress rate against the 1.61 billion yen full-year plan was 80.2%, it was below the five-year average of 85.7%.

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 321 million yen (compared to a loss of 21 million yen in the same period last year).

At the same time, the company, which had previously planned no dividend for the current fiscal year, has decided to implement a year-end lump-sum dividend of 10 yen (compared to no dividend in the prior term).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 59.0% from the same period last year, reaching 399 million yen. The operating profit margin rose from 14.8% in the same period last year to 19.0%.

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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	3,388	351	351	166	5.8	99.7	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	5,303	1,263	1,260	432	14.8	101.7	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	6,860	1,385	1,297	697	23.7	80.2	Nov 14, 2024	J-GAAP
YoY	+29.4%	+9.7%	+2.9%	+61.3%	+59.8%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	4,649	774	720	ー	－	0	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	4,649	774	720	ー	－	10	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	9,109	1,702	1,618	ー	－	0	Feb 14, 2024	J-GAAP
Dec, 2024 New	9,109	1,702	1,618	ー	－	10	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	－	－

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	3,642	258	230	-181	-6.2	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	4,649	774	720	ー	－	10	Nov 14, 2024	J-GAAP
YoY	+27.6%	+200.0%	+213.0%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	4,723	362	352	10	0.4	0	Feb 14, 2023	J-GAAP
Dec, 2023	7,226	1,267	1,239	129	4.4	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	9,109	1,702	1,618	ー	－	10	Nov 14, 2024	J-GAAP
YoY	+26.1%	+34.3%	+30.6%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,719	254	251	122	4.2	14.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	1,923	4	-21	-303	-10.4	0.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,250	500	480	249	8.5	22.2	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,210	428	418	244	8.3	19.4	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	2,400	457	399	204	6.9	19.0	Nov 14, 2024	J-GAAP
YoY	+39.6%	+79.9%	+59.0%	+67.2%	+65.6%