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GRANDES,Inc., January-September (Third Quarter Cumulative) Net Income Turns to Loss, July-September Net Income Turns to Loss

Fri Nov 8, 2024 11:30 am JST Earnings

3261 GRANDES,Inc. 【J-GAAP】

Earnings Report

GRANDES,Inc. <3261> [TSE-G] announced its financial results at noon (11:30) on November 8th. The consolidated net income/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 5 million yen (compared to a profit of 105 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to surge by 4.9 times that of the same period last year, reaching 355 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated net income/loss turned to a loss of 36 million yen (compared to a profit of 130 million yen in the same period last year). The operating profit/loss margin drastically worsened from 4.0% in the same period last year to -5.8%.

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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 1,165 36 35 17 4.9 15.6 Nov 10, 2022 J-GAAP
Jan - Sep, 2023 3,538 39 41 105 30.2 33.6 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 2,606 5 6 -5 -1.7 1.2 Nov 8, 2024 J-GAAP
YoY -26.3% -87.2% -85.4% － －

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 2,118 129 124 203 58.2 15 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,341 452 452 319 80.5 20 Aug 9, 2024 J-GAAP
YoY +10.5% +250.4% +264.5% +57.1% +38.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 2,661 226 224 65 18.8 14 Feb 10, 2023 J-GAAP
Dec, 2023 4,600 126 122 178 51.1 15 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 4,200 500 500 350 88.3 20 Aug 9, 2024 J-GAAP
YoY -8.7% +296.8% +309.8% +96.6% +73.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,056 42 43 130 37.4 4.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 1,062 87 81 73 20.9 8.2 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 1,003 37 37 28 8.2 3.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 856 11 11 3 0.9 1.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 747 -43 -42 -36 -11.9 -5.8 Nov 8, 2024 J-GAAP
YoY -29.3% － － － －

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