GNI Group, 12 times Increase in Net Income, Record High for The First Time in Two Years

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Fri Feb 14, 2025 4:00 pm JST Earnings

2160 GNI Group Ltd. 【IFRS】

Earnings Report

GNI Group Ltd. <2160> [TSE Growth] announced its financial results (based on IFRS) after the market closed on February 14th (16:00). The consolidated net income for the fiscal year ending December 2024 dropped 87.9% from the previous period to 0.97 billion yen. In the fiscal year ending December 2025, the profit is expected to surge 12 times the previous term, reaching 12 billion yenExpected to reach record high profits for the first time in two years.

In the most recent three-month period, from October to December (4Q), the consolidated net income/loss turned to a loss of 0.32 billion yen (compared to a profit of 5.88 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 115.4% in the same period last year to -14.6%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	17,418	1,377	767	388	8.2	0	Feb 15, 2023	IFRS
Dec, 2023	26,010	13,108	12,612	8,094	169.5	0	Feb 14, 2024	IFRS
Dec, 2024	23,611	1,402	238	1,098	22.0	0	Feb 14, 2025	IFRS
YoY	-9.2%	-89.3%	-98.1%	-86.4%	-87.0%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	39,566	16,286	15,552	7,058	140.7	0	Feb 14, 2024	IFRS
Dec, 2024 Results	23,611	1,402	238	1,098	22.0	0	Feb 14, 2025	IFRS
Revision Rate	-40.3%	-91.4%	-98.5%	-84.4%	-84.4%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	11,733	1,762	831	330	6.6	－	Aug 14, 2024	IFRS
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	－	Feb 14, 2025	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	26,010	13,108	12,612	8,094	169.5	0	Feb 14, 2024	IFRS
Dec, 2024	23,611	1,402	238	1,098	22.0	0	Feb 14, 2025	IFRS
Dec, 2025 Guidance	28,733	23,217	22,541	12,058	240.1	0	Feb 14, 2025	IFRS
YoY	+21.7%	+1,556.0%	+9,371.0%	+998.2%	+993.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	5,463	6,306	6,236	5,881	123.2	115.4	Feb 14, 2024	IFRS
Jan - Mar, 2024	5,948	2,283	1,827	1,454	29.2	38.4	May 15, 2024	IFRS
Apr - Jun, 2024	5,785	-521	-996	-1,124	-22.5	-9.0	Aug 14, 2024	IFRS
Jul - Sep, 2024	5,459	580	975	975	19.5	10.6	Nov 14, 2024	IFRS
Oct - Dec, 2024	6,419	-940	-1,568	-207	-4.1	-14.6	Feb 14, 2025	IFRS
YoY	+17.5%	－	－	－	－