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GMB, The Current Fiscal Year Ordinary Profit Revised Downward by 25%

Fri Feb 14, 2025 3:30 pm JST Earnings

7214 GMB CORPORATION 【J-GAAP】

Earnings Report

GMB CORPORATION <7214> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 28.3% from the same period last year to 1.27 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 24.5%, from the previous forecast of 2.65 billion yen to 2 billion yen (compared to 1.32 billion yen in the previous period), leading to a reduction in the profit growth rate from 99.5% to 50.6%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 51.5%, from the previous forecast of 1.26 billion yen to 0.61 billion yen (compared to a loss of 0.16 billion yen in the same period of the previous year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 0.11 billion yen (compared to a profit of 0.28 billion yen in the same period last year). The operating profit margin worsened from 2.9% in the same period last year to 2.0%.

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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 64,077 245 2,426 1,446 273.8 73.1 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 71,193 1,758 1,773 802 151.5 133.5 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 77,074 1,733 1,271 433 81.7 63.6 Feb 14, 2025 J-GAAP
YoY +8.3% -1.4% -28.3% -46.0% -46.1%

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 54,990 2,470 1,263 576 108.5 20 Nov 14, 2024 J-GAAP
Oct - Mar, 2024 New 51,590 1,170 613 176 33.2 20 Feb 14, 2025 J-GAAP
Revision Rate -6.2% -52.6% -51.5% -69.4% -69.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 107,000 3,700 2,650 1,000 188.4 40 May 15, 2024 J-GAAP
Mar, 2025 New 103,600 2,400 2,000 600 113.0 40 Feb 14, 2025 J-GAAP
Revision Rate -3.2% -35.1% -24.5% -40.0% -40.0%

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 50,189 609 -160 -411 -77.8 15 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 51,590 1,170 613 176 33.2 20 Feb 14, 2025 J-GAAP
YoY +2.8% +92.1% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 87,169 2,142 3,319 1,213 229.6 20 May 15, 2023 J-GAAP
Mar, 2024 96,291 1,630 1,328 408 77.2 30 May 15, 2024 J-GAAP
Mar, 2025 Guidance 103,600 2,400 2,000 600 113.0 40 Feb 14, 2025 J-GAAP
YoY +7.6% +47.2% +50.6% +47.1% +46.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 25,091 737 285 -17 -3.2 2.9 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 25,098 -128 -445 -394 -74.6 -0.5 May 15, 2024 J-GAAP
Apr - Jun, 2024 24,829 679 1,218 688 130.0 2.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 27,181 551 169 -264 -49.8 2.0 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 25,064 503 -116 9 1.7 2.0 Feb 14, 2025 J-GAAP
YoY -0.1% -31.8% － － －

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