kabutan

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

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%.

Kabutan News

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 12,058 216.9 0 Feb 14, 2025 IFRS
YoY +21.7% +1,556.0% +9,371.0% +998.2% +887.6%

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% － － － －

Related Articles