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

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%.

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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%

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