Globalway, Inc., First Half Net Income Turns to Loss, July-September Net Income Loss Widens

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Thu Nov 14, 2024 4:00 pm JST Earnings

3936 Globalway, Inc. 【J-GAAP】

Earnings Report

Globalway, Inc. <3936> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 337 million yen (compared to a profit of 14 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a profit of 394 million yen (compared to a loss of 213 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net loss expanded to a loss of 181 million yen (compared to a loss of 26 million yen in the same period last year). The operating profit/loss margin drastically worsened from -17.1% in the same period last year to -25.0%.

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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	868	-205	-206	-92	-2.5	ー	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	1,182	-143	-87	14	0.4	ー	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	1,347	-404	-399	-337	-9.3	ー	Nov 14, 2024	J-GAAP
YoY	+14.0%	-182.5%	-358.6%	－	－

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	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	1,347	-404	-399	-337	-9.3	0	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	1,274	-237	-248	-213	-5.9	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,663	311	357	394	10.9	0	Nov 14, 2024	J-GAAP
YoY	+30.5%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,748	-458	-449	-218	-6.0	0	May 15, 2023	J-GAAP
Mar, 2024	2,456	-380	-335	-199	-5.5	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	3,010	-93	-42	57	1.6	0	May 15, 2024	J-GAAP
YoY	+22.6%	+75.5%	+87.5%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	572	-98	-79	-26	-0.7	-17.1	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	614	-117	-129	-88	-2.4	-19.1	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	660	-120	-119	-125	-3.4	-18.2	May 15, 2024	J-GAAP
Apr - Jun, 2024	624	-223	-216	-156	-4.3	-35.7	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	723	-181	-183	-181	-5.0	-25.0	Nov 14, 2024	J-GAAP
YoY	+26.4%	-84.7%	-131.6%	-596.2%	-600.0%