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GA technologies Co.,Ltd, 3Q (May-July) Net Income Decreases by 60%

Thu Sep 12, 2024 3:00 pm JST Earnings

3491 GA technologies Co.,Ltd 【IFRS】

Earnings Report

GA technologies Co.,Ltd <3491> [TSE-G] announced its financial results (based on IFRS) after the market closed on September 12th (15:00). The consolidated net income for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) expanded to 1.02 billion yen, an increase of 67.0% compared to the same period last year. However, this progress accounts for 60.5% of the full-year plan of 1.69 billion yen, almost the same as the same period of the previous year of 60.6%.

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 August to October period (4Q) is expected to expand by 67.8% from the same period last year, reaching 668 million yen.

In the most recent three-month period, from May to July (3Q), the consolidated net income significantly dropped to 95 million yen, a 60.4% decrease compared to the same period last year. The operating profit margin worsened from 2.0% in the same period last year to 1.0%.

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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
Nov - Jul, 2021 77,675 700 293 160 4.5 61.4 Sep 14, 2022 IFRS
Nov - Jul, 2022 98,971 1,644 1,189 612 16.7 75.0 Sep 14, 2023 IFRS
Nov - Jul, 2023 131,643 2,606 2,082 1,022 27.8 ー Sep 12, 2024 IFRS
YoY +33.0% +58.5% +75.1% +67.0% +66.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2023 83,236 1,264 928 638 17.4 0 Dec 11, 2023 IFRS
May - Oct, 2024 Guidance 99,079 ー ー 791 21.4 0 Jun 13, 2024 IFRS
YoY +19.0% － － +24.0% +23.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 113,569 1,028 477 384 10.7 0 Dec 15, 2022 IFRS
Oct, 2023 146,647 2,211 1,585 1,010 27.5 0 Dec 11, 2023 IFRS
Oct, 2024 Guidance 185,000 ー ー 1,690 45.8 0 Jun 13, 2024 IFRS
YoY +26.2% － － +67.3% +66.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 35,560 697 532 240 6.6 2.0 Sep 14, 2023 IFRS
Aug - Oct, 2023 47,676 567 396 398 10.9 1.2 Dec 11, 2023 IFRS
Nov - Jan, 2023 34,339 414 281 81 2.2 1.2 Mar 11, 2024 IFRS
Feb - Apr, 2024 51,582 1,683 1,490 818 22.3 3.3 Jun 13, 2024 IFRS
May - Jul, 2024 45,722 509 311 123 3.3 1.1 Sep 12, 2024 IFRS
YoY +28.6% -27.0% -41.5% -48.8% -49.0%

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