GEXEED CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Turns to Profit, July-September Ordinary Profit Increases by 8%

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Thu Nov 14, 2024 4:00 pm JST Earnings

3719 GEXEED CO.,LTD. 【J-GAAP】

Earnings Report

GEXEED CO.,LTD. <3719> [TSE-S] announced its financial results after the market closed on November 14th (16:00). The ordinary profit/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 31 million yen (compared to a loss of 2 million yen in the same period last year). The progress rate against the 88 million yen full-year plan was 35.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to surge by 14 times that of the same period last year, reaching 57 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit grew by 8.3% from the same period last year, reaching 13 million yen. However, the operating profit margin worsened from 6.3% in the same period last year to 4.1%.

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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	492	42	42	32	1.4	182.6	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	478	-3	-2	-73	-3.1	ー	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	754	32	31	44	1.9	35.2	Nov 14, 2024	J-GAAP
YoY	+57.7%	－	－	－	－

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	382	16	16	15	0.6	0	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	935	70	70	28	1.2	0	Sep 30, 2024	J-GAAP
YoY	+144.8%	+337.5%	+337.5%	+86.7%	+81.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	642	23	23	14	0.6	0	Feb 14, 2023	J-GAAP
Dec, 2023	671	1	2	-70	-3.0	0	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	1,350	88	88	45	1.9	0	Sep 30, 2024	J-GAAP
YoY	+101.2%	+8,700.0%	+4,300.0%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	189	12	12	12	0.5	6.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	193	4	4	3	0.1	2.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	168	0	0	0	0.0	0.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	247	18	18	17	0.7	7.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	339	14	13	27	1.1	4.1	Nov 14, 2024	J-GAAP
YoY	+79.4%	+16.7%	+8.3%	+125.0%	+119.2%