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GiG Works, Returning to Profitability This Year, Dividend to Rise by 1 yen

Tue Dec 10, 2024 3:30 pm JST Earnings

2375 GiG Works Inc. 【J-GAAP】

Earnings Report

GiG Works Inc. <2375> [TSE Std] announced its financial results after the market closed on December 10th (15:30). The consolidated ordinary profit/loss for the fiscal year ending October 2024 turned into a loss of 427 million yen (compared to a profit of 111 million yen in the previous period). For the fiscal year ending October 2025, the profit is expected to surge, reaching 160 million yen.

At the same time, the company has decided to significantly increase the dividend this fiscal year to 2 yen, an increase of 1 yen from the previous fiscal year.

In the most recent three-month period, from August to October (4Q), the consolidated ordinary profit/loss turned to a loss of 252 million yen (compared to a profit of 92 million yen in the same period last year). The operating profit/loss margin drastically worsened from 1.5% in the same period last year to -3.4%.

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Actual Results

Historical Performance
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 25,369 -404 -427 -725 -36.7 1 Dec 10, 2024 J-GAAP
YoY -4.0% － － -1.0% -0.1%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2024 Guidance 25,340 -440 -465 -750 -37.9 1 Nov 27, 2024 J-GAAP
Oct, 2024 Results 25,369 -404 -427 -725 -36.7 1 Dec 10, 2024 J-GAAP
Revision Rate +0.1% +8.2% +8.2% +3.3% +3.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2023 13,041 184 180 65 3.3 0 Jun 11, 2024 J-GAAP
Nov - Apr, 2024 Guidance ー ー ー ー － 0 Dec 10, 2024 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2023 26,432 111 111 -718 -36.6 4 Dec 11, 2023 J-GAAP
Oct, 2024 25,369 -404 -427 -725 -36.7 1 Dec 10, 2024 J-GAAP
Oct, 2025 Guidance 24,900 180 160 40 2.0 2 Dec 10, 2024 J-GAAP
YoY -1.8% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 6,436 94 92 238 12.1 1.5 Dec 11, 2023 J-GAAP
Nov - Jan, 2023 6,408 101 99 30 1.6 1.6 Mar 12, 2024 J-GAAP
Feb - Apr, 2024 6,633 83 81 35 1.8 1.3 Jun 11, 2024 J-GAAP
May - Jul, 2024 6,284 -382 -355 -394 -19.9 -6.1 Sep 12, 2024 J-GAAP
Aug - Oct, 2024 6,044 -206 -252 -396 -20.0 -3.4 Dec 10, 2024 J-GAAP
YoY -6.1% － － － －

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