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GEOLIVE Group Corporation, First Half Ordinary Profit Decreases by 47%, July-September Ordinary Profit Decreases by 76%

Tue Nov 5, 2024 3:30 pm JST Earnings

3157 GEOLIVE Group Corporation 【J-GAAP】

Earnings Report

GEOLIVE Group Corporation <3157> [TSE-S] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 46.9% from the same period last year to 768 million yen. The progress rate against the 2.8 billion yen full-year plan was 27.4%, also falling below the five-year average of 43.5%.

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 decrease by 18.3% from the same period last year to 2.03 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 194 million yen, a 76.1% decrease compared to the same period last year. The operating profit margin worsened from 1.5% in the same period last year to 0.0%.

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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 90,210 2,081 2,536 1,683 126.8 58.2 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 83,295 998 1,446 860 64.8 36.8 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 80,770 361 768 257 19.4 27.4 Nov 5, 2024 J-GAAP
YoY -3.0% -63.8% -46.9% -70.1% -70.1%

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 80,000 300 700 300 22.6 19 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 80,770 361 768 257 19.4 19 Nov 5, 2024 J-GAAP
Revision Rate +1.0% +20.3% +9.7% -14.3% -14.2%

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 83,026 1,232 2,486 1,629 122.8 19 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 86,230 1,639 2,032 1,593 120.0 19 Nov 5, 2024 J-GAAP
YoY +3.9% +33.0% -18.3% -2.2% -2.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 182,768 3,462 4,354 2,978 224.4 44 May 10, 2023 J-GAAP
Mar, 2024 166,321 2,230 3,932 2,489 187.6 44 May 8, 2024 J-GAAP
Mar, 2025 Guidance 167,000 2,000 2,800 1,850 139.4 38 May 8, 2024 J-GAAP
YoY +0.4% -10.3% -28.8% -25.7% -25.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 41,363 612 811 497 37.5 1.5 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 42,659 605 1,662 1,004 75.7 1.4 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 40,367 627 824 625 47.1 1.6 May 8, 2024 J-GAAP
Apr - Jun, 2024 40,338 358 574 338 25.5 0.9 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 40,432 3 194 -81 -6.1 0.0 Nov 5, 2024 J-GAAP
YoY -2.3% -99.5% -76.1% － －

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