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GMO GlobalSign Holdings K.K., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 9%, July-September Ordinary Profit Decreases by 87%

Tue Nov 12, 2024 3:31 pm JST Earnings

3788 GMO GlobalSign Holdings K.K. 【J-GAAP】

Earnings Report

GMO GlobalSign Holdings K.K. <3788> [TSE-P] announced its financial results after the market closed on November 12th (15:31). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 9.2% from the same period last year to 842 million yen. The progress rate against the 1.38 billion yen full-year plan was 60.7%, also falling below the five-year average of 77.0%.

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 expand by 40.1% from the same period last year, reaching 545 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 32 million yen, a 87.1% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.6% in the same period last year to 1.6%.

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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 11,853 1,008 1,170 799 69.4 96.3 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 12,835 854 927 578 50.2 70.4 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 14,071 815 842 528 45.8 60.7 Nov 12, 2024 J-GAAP
YoY +9.6% -4.6% -9.2% -8.7% -8.7%

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 8,980 678 637 329 28.6 38.46 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 9,684 706 577 333 29.0 36.47 Aug 8, 2024 J-GAAP
YoY +7.8% +4.1% -9.4% +1.2% +1.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 15,960 1,141 1,215 846 73.5 39.06 Feb 13, 2023 J-GAAP
Dec, 2023 17,499 1,289 1,316 739 64.2 38.46 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 19,250 1,450 1,387 840 73.2 36.47 Feb 13, 2024 J-GAAP
YoY +10.0% +12.5% +5.4% +13.7% +13.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,316 243 248 168 14.6 5.6 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 4,664 435 389 161 14.0 9.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 4,720 423 465 335 29.1 9.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 4,846 321 345 172 15.0 6.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 4,505 71 32 21 1.8 1.6 Nov 12, 2024 J-GAAP
YoY +4.4% -70.8% -87.1% -87.5% -87.5%

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