Green Earth Institute Co., Ltd., Aiming for Return to Profitability This Year

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Thu Nov 14, 2024 4:00 pm JST Earnings

9212 Green Earth Institute Co., Ltd. 【J-GAAP】

Earnings Report

Green Earth Institute Co., Ltd. <9212> [TSE-G] announced its financial results after the market closed on November 14th (16:00). The ordinary loss (non-consolidated) for the fiscal year ending September 2024 expanded to a loss of 138 million yen (compared to a loss of 108 million yen in the previous period). For the fiscal year ending September 2025, the profit is expected to turn into a profit of 13 million yen.

In the most recent three-month period, from July to September (4Q), the ordinary profit increased by 51.3% from the same period last year, reaching 227 million yen. The operating profit margin rose from 23.2% in the same period last year to 26.0%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	585	-99	-113	-234	-22.3	0	Nov 14, 2022	J-GAAP
Sep, 2023	897	-106	-108	-112	-10.0	0	Nov 14, 2023	J-GAAP
Sep, 2024	1,002	-148	-138	-133	-11.9	0	Nov 14, 2024	J-GAAP
YoY	+11.7%	-39.6%	-27.8%	-18.8%	-19.1%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	1,064	-121	-123	-124	-11.0	0	Nov 14, 2023	J-GAAP
Sep, 2024 Results	1,002	-148	-138	-133	-11.9	0	Nov 14, 2024	J-GAAP
Revision Rate	-5.8%	-22.3%	-12.2%	-7.3%	-8.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	166	-225	-226	-226	-20.1	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	201	-174	-175	-175	-15.5	0	Nov 14, 2024	J-GAAP
YoY	+21.1%	+22.7%	+22.6%	+22.6%	+23.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	897	-106	-108	-112	-10.0	0	Nov 14, 2023	J-GAAP
Sep, 2024	1,002	-148	-138	-133	-11.9	0	Nov 14, 2024	J-GAAP
Sep, 2025 Guidance	1,046	-148	13	9	0.8	0	Nov 14, 2024	J-GAAP
YoY	+4.4%	0.0%	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	651	151	150	148	13.2	23.2	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	29	-118	-118	-118	-10.6	-406.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	137	-107	-108	-108	-9.6	-78.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	5	-139	-139	-141	-12.5	-2,780.0	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	831	216	227	234	20.9	26.0	Nov 14, 2024	J-GAAP
YoY	+27.6%	+43.0%	+51.3%	+58.1%	+58.5%