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GiG Works Inc., Last Fiscal Year Ordinary Profit Revised Downward to a Loss, Dividend Revised down by 4 yen

Wed Nov 27, 2024 4:00 pm JST Revision

2375 GiG Works Inc. 【J-GAAP】

Guidance Update Report

GiG Works Inc. <2375> [TSE Std] announced a revision to its performance and dividend after the market closed on November 27th (16:00). The consolidated ordinary profit/loss for the fiscal year ending October 2024 has been revised downward from an expected profit of 200 million yen to a loss of 465 million yen (compared to a profit of 111 million yen in the previous period), turning to a loss outlook.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the May to October period (second half) consolidated ordinary profit/loss has been revised downward from an expected profit of 20 million yen to a loss of 645 million yen (compared to a profit of 79 million yen in the same period of the previous year), turning to a loss outlook.

Due to a decline in performance, the company has significantly reduced its planned year-end lump-sum dividend for the last fiscal year from the original plan of 5 yen to 1 yen (compared to 4 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 Prev 11,359 21 20 20 1.0 5 Jun 11, 2024 J-GAAP
May - Oct, 2024 New 12,299 -624 -645 -815 -41.2 1 Nov 27, 2024 J-GAAP
Revision Rate +8.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2024 Prev 24,400 205 200 85 4.3 5 Dec 11, 2023 J-GAAP
Oct, 2024 New 25,340 -440 -465 -750 -37.9 1 Nov 27, 2024 J-GAAP
Revision Rate +3.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2023 12,880 84 79 -756 -38.6 4 Dec 11, 2023 J-GAAP
May - Oct, 2024 Guidance 12,299 -624 -645 -815 -41.2 1 Nov 27, 2024 J-GAAP
YoY -4.5% -7.8% -6.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 22,932 442 476 232 11.8 8 Dec 9, 2022 J-GAAP
Oct, 2023 26,432 111 111 -718 -36.6 4 Dec 11, 2023 J-GAAP
Oct, 2024 Guidance 25,340 -440 -465 -750 -37.9 1 Nov 27, 2024 J-GAAP
YoY -4.1% -4.5% -3.5%

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