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GOOD LIFE COMPANY,INC., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 27%

Wed Nov 13, 2024 4:00 pm JST Earnings

2970 GOOD LIFE COMPANY,INC. 【J-GAAP】

Earnings Report

GOOD LIFE COMPANY,INC. <2970> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 27.3% from the same period last year, reaching 1.19 billion yen. The progress rate against the 1.55 billion yen full-year plan was 77.4%, also surpassing the five-year average of 71.6%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to surge by 3.8 times that of the same period last year, reaching 351 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit amounted to 415 million yen, an increase of 2.0% compared to the same period last year. However, the operating profit margin decreased from 11.8% in the same period last year to 9.7%.

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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
Jan - Sep, 2022 5,516 466 450 238 14.2 82.6 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 9,481 961 942 610 36.6 91.0 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 12,047 1,230 1,199 806 48.0 77.4 Nov 13, 2024 J-GAAP
YoY +27.1% +28.0% +27.3% +32.1% +31.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 5,403 507 500 352 21.1 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 9,419 803 766 531 31.4 0 Aug 9, 2024 J-GAAP
YoY +74.3% +58.4% +53.2% +50.9% +48.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 8,061 571 545 310 18.5 0 Feb 14, 2023 J-GAAP
Dec, 2023 11,435 1,061 1,035 696 41.7 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 17,000 1,600 1,550 1,065 63.0 0 Feb 14, 2024 J-GAAP
YoY +48.7% +50.8% +49.8% +53.0% +50.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,449 407 407 266 16.0 11.8 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,954 100 93 86 5.2 5.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 4,847 573 564 392 23.4 11.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,734 224 220 142 8.5 8.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,466 433 415 272 16.2 9.7 Nov 13, 2024 J-GAAP
YoY +29.5% +6.4% +2.0% +2.3% +1.6%

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