GLORY, The Current Fiscal Year Ordinary Profit Revised Upward by 2%

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Thu Feb 6, 2025 3:00 pm JST Earnings

6457 GLORY LTD. 【J-GAAP】

Earnings Report

GLORY LTD. <6457> [TSE Prime] announced its financial results in the afternoon session on February 6th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 33.4% from the same period last year to 22.4 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 2.1%, from the previous forecast of 24 billion yen to 24.5 billion yen (compared to 48.4 billion yen in the previous period), and the declining rate is expected to decrease from 50.5% to 49.4%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward 5.2%, from the previous forecast of 9.61 billion yen to 10.1 billion yen (compared to 33 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 70.9% to 69.4%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 8.07 billion yen, a 56.0% decrease compared to the same period last year. The operating profit margin significantly dropped from 18.2% in the same period last year to 10.7%.

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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
Apr - Dec, 2022	178,503	-1,621	-1,490	-4,689	-81.4	ー	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	259,706	35,335	33,749	20,906	376.0	69.7	Feb 6, 2024	J-GAAP
Apr - Dec, 2024	280,033	29,343	22,460	12,577	225.5	91.7	Feb 6, 2025	J-GAAP
YoY	+7.8%	-17.0%	-33.4%	-39.8%	-40.0%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	176,902	10,857	9,611	5,619	97.2	54	Nov 7, 2024	J-GAAP
Oct - Mar, 2024 New	184,902	12,857	10,111	6,119	105.9	54	Feb 6, 2025	J-GAAP
Revision Rate	+4.5%	+18.4%	+5.2%	+8.9%	+8.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	362,000	30,000	24,000	13,000	224.9	108	Nov 7, 2024	J-GAAP
Mar, 2025 New	370,000	32,000	24,500	13,500	233.6	108	Feb 6, 2025	J-GAAP
Revision Rate	+2.2%	+6.7%	+2.1%	+3.8%	+3.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	214,639	34,493	33,034	21,366	384.2	66	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	184,902	12,857	10,111	6,119	105.9	54	Feb 6, 2025	J-GAAP
YoY	-13.9%	-62.7%	-69.4%	-71.4%	-72.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	255,857	522	-2,720	-9,538	-167.0	68	May 11, 2023	J-GAAP
Mar, 2024	372,478	51,276	48,438	29,674	533.6	106	May 10, 2024	J-GAAP
Mar, 2025 Guidance	370,000	32,000	24,500	13,500	233.6	108	Feb 6, 2025	J-GAAP
YoY	-0.7%	-37.6%	-49.4%	-54.5%	-56.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	101,867	18,552	18,345	12,598	226.6	18.2	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	112,772	15,941	14,689	8,768	157.7	14.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	92,775	10,557	9,284	5,743	103.1	11.4	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	92,323	8,586	5,105	1,638	29.4	9.3	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	94,935	10,200	8,071	5,196	93.2	10.7	Feb 6, 2025	J-GAAP
YoY	-6.8%	-45.0%	-56.0%	-58.8%	-58.9%