gremz,Inc., First Half Ordinary Profit Increases by 7%

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Thu Nov 14, 2024 4:00 pm JST Earnings

3150 gremz,Inc. 【J-GAAP】

Earnings Report

gremz,Inc. <3150> [TSE-P] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 6.8% from the same period last year, reaching 3.45 billion yen. The progress rate against the 6.57 billion yen full-year plan was 52.5%, it was below the five-year average of 62.8%.

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 expand by 53.2% from the same period last year, reaching 3.12 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 29.4% from the same period last year, reaching 1.74 billion yen. The operating profit margin rose from 15.8% in the same period last year to 18.7%.

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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	15,927	1,199	1,215	780	34.3	33.0	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	15,944	3,197	3,231	2,177	95.0	61.3	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	16,778	3,372	3,450	2,334	101.1	52.5	Nov 14, 2024	J-GAAP
YoY	+5.2%	+5.5%	+6.8%	+7.2%	+6.4%

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	16,500	3,250	3,304	2,190	94.8	20	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	16,778	3,372	3,450	2,334	101.1	20	Nov 14, 2024	J-GAAP
Revision Rate	+1.7%	+3.8%	+4.4%	+6.6%	+6.6%

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	13,964	2,020	2,037	1,363	59.2	32	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	17,222	3,128	3,120	1,986	86.0	37	Nov 14, 2024	J-GAAP
YoY	+23.3%	+54.9%	+53.2%	+45.7%	+45.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	31,392	3,600	3,687	2,465	108.2	22	May 15, 2023	J-GAAP
Mar, 2024	29,908	5,217	5,268	3,540	153.8	47	May 15, 2024	J-GAAP
Mar, 2025 Guidance	34,000	6,500	6,570	4,320	187.0	57	May 15, 2024	J-GAAP
YoY	+13.7%	+24.6%	+24.7%	+22.0%	+21.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,437	1,334	1,345	900	39.3	15.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	7,806	1,528	1,533	1,004	43.7	19.6	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	6,158	492	504	359	15.6	8.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	7,653	1,663	1,709	1,155	50.0	21.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	9,125	1,709	1,741	1,179	51.0	18.7	Nov 14, 2024	J-GAAP
YoY	+8.2%	+28.1%	+29.4%	+31.0%	+30.0%