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GiG Works, Ordinary Profit Forecast for the Fiscal Year Revised Downward to a Loss

Wed Jun 11, 2025 3:30 pm JST Earnings

2375 GiG Works Inc. 【J-GAAP】

Earnings Report

GiG Works Inc. <2375> [TSE Std] announced its financial results after the market closed on June 11th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending October 2025 (November 2024 to April 2025) turned into a loss of 475 million yen (compared to a profit of 180 million yen in the same period last year).

In addition, the full-year forecast for consolidated ordinary profit/loss has been revised downward from an expected profit of 160 million yen to a loss of 90 million yen (compared to a loss of 427 million yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the May to October period (second half) is expected to turn into a profit of 385 million yen (compared to a loss of 607 million yen in the same period last year).

In the most recent three-month period, from February to April (2Q), the consolidated ordinary profit/loss turned to a loss of 186 million yen (compared to a profit of 81 million yen in the same period last year). The operating profit/loss margin drastically worsened from 1.3% in the same period last year to -2.4%.

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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
Nov - Apr, 2022 13,552 27 32 38 2.0 28.8 Jun 9, 2023 J-GAAP
Nov - Apr, 2023 13,041 184 180 65 3.3 ー Jun 11, 2024 J-GAAP
Nov - Apr, 2024 11,061 -370 -475 111 5.6 ー Jun 11, 2025 J-GAAP
YoY -15.2% － － +70.8% +70.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2024 Guidance ー ー ー ー － 0 Dec 10, 2024 J-GAAP
Nov - Apr, 2024 Results 11,061 -370 -475 111 5.6 0 Jun 11, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2025 Prev 24,900 180 160 40 2.0 2 Dec 10, 2024 J-GAAP
Oct, 2025 New 21,900 10 -90 40 2.0 2 Jun 11, 2025 J-GAAP
Revision Rate -12.0% -94.4% － 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 12,328 -588 -607 -790 -40.0 1 Dec 10, 2024 J-GAAP
May - Oct, 2025 Guidance 10,839 380 385 -71 -3.6 2 Jun 11, 2025 J-GAAP
YoY -12.1% － － +91.0% +91.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2023 26,432 111 111 -718 -36.6 4 Dec 11, 2023 J-GAAP
Oct, 2024 25,369 -404 -427 -725 -36.7 1 Dec 10, 2024 J-GAAP
Oct, 2025 Guidance 21,900 10 -90 40 2.0 2 Jun 11, 2025 J-GAAP
YoY -13.7% － +78.9% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Feb - Apr, 2024 6,633 83 81 35 1.8 1.3 Jun 11, 2024 J-GAAP
May - Jul, 2024 6,284 -382 -355 -394 -19.9 -6.1 Sep 12, 2024 J-GAAP
Aug - Oct, 2024 6,044 -206 -252 -396 -20.0 -3.4 Dec 10, 2024 J-GAAP
Nov - Jan, 2024 5,855 -244 -289 -348 -17.6 -4.2 Mar 10, 2025 J-GAAP
Feb - Apr, 2025 5,206 -126 -186 459 23.3 -2.4 Jun 11, 2025 J-GAAP
YoY -21.5% － － +1,211.4% +1,210.1%

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