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GameWith, First Half Ordinary Profit Turns to Loss, Sep-Nov Ordinary Profit Turns to Loss

Fri Jan 10, 2025 3:30 pm JST Earnings

6552 GameWith,Inc. 【J-GAAP】

Earnings Report

GameWith,Inc. <6552> [TSE Std] announced its financial results after the market closed on January 10th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending May 2025 (June to November) turned into a loss of 174 million yen (compared to a profit of 101 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the December to May period (2H) is expected to turn into a profit of 154 million yen (compared to a loss of 56 million yen in the same period last year).

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit/loss turned to a loss of 68 million yen (compared to a profit of 75 million yen in the same period last year). The operating profit/loss margin drastically worsened from 8.1% in the same period last year to -7.6%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jun - Nov, 2022 1,712 102 92 46 2.6 29.4 Jan 11, 2023 J-GAAP
Jun - Nov, 2023 1,854 120 101 23 1.3 224.4 Jan 10, 2024 J-GAAP
Jun - Nov, 2024 1,670 -174 -174 -186 -10.7 Jan 10, 2025 J-GAAP
YoY -9.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance 0 Jul 10, 2024 J-GAAP
Jun - Nov, 2024 Results 1,670 -174 -174 -186 -10.7 0 Jan 10, 2025 J-GAAP
Revision Rate

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 1,643 -53 -56 -370 -20.9 0 Jul 10, 2024 J-GAAP
Dec - May, 2024 Guidance 2,080 174 154 136 7.8 0 Jan 10, 2025 J-GAAP
YoY +26.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 3,512 337 313 179 10.0 0 Jul 12, 2023 J-GAAP
May, 2024 3,497 67 45 -347 -19.6 0 Jul 10, 2024 J-GAAP
May, 2025 Guidance 3,750 0 -20 -50 -2.9 0 Jul 10, 2024 J-GAAP
YoY +7.2% +85.6% +85.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 940 76 75 38 2.2 8.1 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 847 -6 -10 -295 -16.6 -0.7 Apr 10, 2024 J-GAAP
Mar - May, 2024 796 -47 -46 -75 -4.2 -5.9 Jul 10, 2024 J-GAAP
Jun - Aug, 2024 807 -108 -106 -126 -7.3 -13.4 Oct 9, 2024 J-GAAP
Sep - Nov, 2024 863 -66 -68 -60 -3.5 -7.6 Jan 10, 2025 J-GAAP
YoY -8.2%

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