GFOOT, The Current Fiscal Year Net Income Revised Downward to a Loss

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Fri Jan 10, 2025 3:30 pm JST Earnings

2686 GFOOT CO.,LTD. 【J-GAAP】

Earnings Report

GFOOT CO.,LTD. <2686> [TSE Std] announced its financial results after the market closed on January 10th (15:30). The consolidated net loss for the cumulative third quarter of the fiscal year ending February 2025 (March to November) was a reduced loss of 0.7 billion yen (compared to a loss of 1.06 billion yen in the same period last year). The company has been in a state of excessive liabilities (5.45 billion yen) since the fiscal year ending February 2022.

However, the full-year consolidated net income/loss has been revised downward from an expected profit of 0.01 billion yen to a loss of 1.4 billion yen (compared to a loss of 1.76 billion yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the September to February period (2H) has been revised downward from an expected profit of 0.16 billion yen to a loss of 1.24 billion yen (compared to a loss of 0.96 billion yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from September to November (3Q), the consolidated net loss expanded to a loss of 0.54 billion yen (compared to a loss of 0.26 billion yen in the same period last year). The operating profit/loss margin worsened from -1.2% in the same period last year to -2.8%.

Kabutan News

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
Mar - Nov, 2022	49,200	-3,179	-3,328	-3,483	-81.9	ー	Jan 13, 2023	J-GAAP
Mar - Nov, 2023	49,209	-675	-883	-1,065	-25.0	ー	Jan 11, 2024	J-GAAP
Mar - Nov, 2024	46,835	-286	-536	-708	-16.6	ー	Jan 10, 2025	J-GAAP
YoY	-4.8%	+57.6%	+39.3%	+33.5%	+33.5%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2024 Prev	31,727	382	244	169	3.9	0	Oct 9, 2024	J-GAAP
Sep - Feb, 2024 New	27,327	-758	-1,096	-1,241	-29.2	0	Jan 10, 2025	J-GAAP
Revision Rate	-13.9%	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	64,000	500	200	10	0.2	0	Apr 10, 2024	J-GAAP
Feb, 2025 New	59,600	-640	-1,140	-1,400	-32.9	0	Jan 10, 2025	J-GAAP
Revision Rate	-6.9%	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	30,936	-591	-748	-968	-22.8	0	Apr 10, 2024	J-GAAP
Sep - Feb, 2024 Guidance	27,327	-758	-1,096	-1,241	-29.2	0	Jan 10, 2025	J-GAAP
YoY	-11.7%	-28.3%	-46.5%	-28.2%	-28.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	65,695	-4,804	-5,004	-5,523	-129.8	0	Apr 12, 2023	J-GAAP
Feb, 2024	64,601	-1,081	-1,363	-1,768	-41.6	0	Apr 10, 2024	J-GAAP
Feb, 2025 Guidance	59,600	-640	-1,140	-1,400	-32.9	0	Jan 10, 2025	J-GAAP
YoY	-7.7%	+40.8%	+16.4%	+20.8%	+20.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	15,544	-185	-268	-265	-6.2	-1.2	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	15,392	-406	-480	-703	-16.5	-2.6	Apr 10, 2024	J-GAAP
Mar - May, 2024	16,933	400	317	208	4.9	2.4	Jul 10, 2024	J-GAAP
Jun - Aug, 2024	15,340	-282	-361	-367	-8.6	-1.8	Oct 9, 2024	J-GAAP
Sep - Nov, 2024	14,562	-404	-492	-549	-12.9	-2.8	Jan 10, 2025	J-GAAP
YoY	-6.3%	-118.4%	-83.6%	-107.2%	-107.1%