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GRID, Oct-Dec (2Q) Ordinary Profit Decreases by 75%

Fri Feb 14, 2025 11:30 am JST Earnings

5582 GRID Inc. 【J-GAAP】

Earnings Report

GRID Inc. <5582> [TSE Growth] announced its financial results at noon (11:30) on February 14th. The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending June 2025 (July to December) turned into a profit of 63 million yen (compared to a loss of 17 million yen in the same period last year). The progress rate toward the full-year plan of 410 million yen was 15.4%.

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 January to June period (2H) is expected to decrease 3.9% from the same period last year to 347 million yen.

In the most recent three-month period, from October to December (2Q), the ordinary profit significantly dropped to 24 million yen, a 75.3% decrease compared to the same period last year. The operating profit margin sharply declined from 23.2% in the same period last year to 5.2%.

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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
Jul - Dec, 2023 638 3 -17 -14 -3.2 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 890 62 63 38 8.3 15.4 Feb 14, 2025 J-GAAP
YoY +39.5% +1,966.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance 0 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 Results 890 62 63 38 8.3 0 Feb 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
Jan - Jun, 2024 1,014 362 361 417 89.7 0 Aug 14, 2024 J-GAAP
Jan - Jun, 2025 Guidance 1,310 338 347 232 48.9 0 Feb 14, 2025 J-GAAP
YoY +29.2% -6.6% -3.9% -44.4% -45.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 1,353 208 204 228 62.9 0 Aug 14, 2023 J-GAAP
Jun, 2024 1,652 365 344 403 86.7 0 Aug 14, 2024 J-GAAP
Jun, 2025 Guidance 2,200 400 410 270 56.9 0 Aug 14, 2024 J-GAAP
YoY +33.2% +9.6% +19.2% -33.0% -34.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 413 96 97 106 23.9 23.2 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 412 100 100 80 17.5 24.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 602 262 261 337 72.5 43.5 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 448 39 39 24 5.2 8.7 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 442 23 24 14 3.0 5.2 Feb 14, 2025 J-GAAP
YoY +7.0% -76.0% -75.3% -86.8% -87.3%

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