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GEO HOLDINGS CORPORATION, First Half Ordinary Profit Decreases by 40%, July-September Ordinary Profit Turns to Loss

Thu Nov 7, 2024 3:30 pm JST Earnings

2681 GEO HOLDINGS CORPORATION 【J-GAAP】

Earnings Report

GEO HOLDINGS CORPORATION <2681> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 40.0% from the same period last year to 5.2 billion yen. The progress rate against the 12 billion yen full-year plan was 43.3%, also falling below the five-year average of 51.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop by 32.5% from the same period last year to 6.79 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 280 million yen (compared to a profit of 1.6 billion yen in the same period last year). The operating profit margin worsened from 1.4% in the same period last year to 1.1%.

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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
Apr - Sep, 2022 172,562 6,292 7,574 4,525 106.7 63.5 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 215,761 7,307 8,675 5,717 144.6 46.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 199,724 5,414 5,201 2,825 71.2 43.3 Nov 7, 2024 J-GAAP
YoY -7.4% -25.9% -40.0% -50.6% -50.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 17 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 199,724 5,414 5,201 2,825 71.2 17 Nov 7, 2024 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
Oct - Mar, 2023 218,087 9,507 10,074 5,185 130.9 17 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 236,276 6,586 6,799 3,175 80.0 17 Nov 7, 2024 J-GAAP
YoY +8.3% -30.7% -32.5% -38.8% -38.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 377,300 10,620 11,926 5,681 135.9 24 May 12, 2023 J-GAAP
Mar, 2024 433,848 16,814 18,749 10,902 275.3 29 May 10, 2024 J-GAAP
Mar, 2025 Guidance 436,000 12,000 12,000 6,000 151.1 34 May 10, 2024 J-GAAP
YoY +0.5% -28.6% -36.0% -45.0% -45.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 109,036 1,517 1,607 889 22.5 1.4 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 111,640 6,036 5,724 3,591 90.7 5.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 106,447 3,471 4,350 1,594 40.3 3.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 100,147 4,366 5,481 3,547 89.3 4.4 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 99,577 1,048 -280 -722 -18.2 1.1 Nov 7, 2024 J-GAAP
YoY -8.7% -30.9% － － －

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