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

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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%