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Globee, First Half Ordinary Profit Increases by 41%, Sep-Nov Ordinary Profit Increases by 50%

Tue Jan 14, 2025 4:30 pm JST Earnings

5575 Globee Inc. 【J-GAAP】

Earnings Report

Globee Inc. <5575> [TSE Growth] announced its financial results after the market closed on January 14th (16:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending May 2025 (June to November) expanded 221 million yen, an increase 40.8% compared to the same period last year. The progress rate toward the full-year plan of 400 million yen was 55.3%, also surpassing the progress rate of 49.1% from the same period of the previous year.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the December to May period (2H) is expected to grow 9.8% from the same period last year, reaching 179 million yen.

In the most recent three-month period, from September to November (2Q), the ordinary profit increased 50.0% from the same period last year, reaching 117 million yen. The operating profit margin rose from 24.8% in the same period last year to 28.5%.

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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, 2023 597 155 157 104 20.9 49.1 Jan 15, 2024 J-GAAP
Jun - Nov, 2024 780 221 221 152 30.1 55.3 Jan 14, 2025 J-GAAP
YoY +30.7% +42.6% +40.8% +46.2% +43.9%

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 12, 2024 J-GAAP
Jun - Nov, 2024 Results 780 221 221 152 30.1 0 Jan 14, 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 691 164 163 122 24.5 0 Jul 12, 2024 J-GAAP
Dec - May, 2024 Guidance 870 179 179 118 23.3 0 Jan 14, 2025 J-GAAP
YoY +25.9% +9.1% +9.8% -3.3% -5.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 947 246 241 172 35.3 0 Jul 14, 2023 J-GAAP
May, 2024 1,288 319 320 226 45.4 0 Jul 12, 2024 J-GAAP
May, 2025 Guidance 1,650 400 400 270 53.3 0 Jul 12, 2024 J-GAAP
YoY +28.1% +25.4% +25.0% +19.5% +17.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 303 75 78 52 10.5 24.8 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 328 83 79 52 10.5 25.3 Apr 12, 2024 J-GAAP
Mar - May, 2024 363 81 84 70 14.1 22.3 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 383 108 104 71 14.2 28.2 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 397 113 117 81 16.0 28.5 Jan 14, 2025 J-GAAP
YoY +31.0% +50.7% +50.0% +55.8% +53.3%

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