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GMO Financial Gate, Inc., Net Income to Reach 1.3 billion yen for The Current Fiscal Year, Increased Previous Year's Dividend by 10 yen, This Fiscal Year to Increase Dividend by 18 yen

Tue Nov 12, 2024 3:31 pm JST Earnings

4051 GMO Financial Gate, Inc. 【J-GAAP】

Earnings Report

GMO Financial Gate, Inc. <4051> [TSE-G] announced its financial results after the market closed on November 12th (15:31). The consolidated net income for the fiscal year ending September 2024 increased by 32.2% from the previous period to 986 million yen. With the transition to International Financial Reporting Standards (IFRS) for the fiscal year ending September 2025, the profit is expected to expand to 1.31 billion yen.

At the same time, the company increased the annual dividend for the previous term from 52 yen to 62 yen (compared to 46 yen in the prior term), and has decided to increase the dividend this fiscal year to 80 yen, an increase of 18 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the consolidated net income decreased to 126 million yen, a 5.3% decrease compared to the same period last year. The operating profit margin worsened from 3.7% in the same period last year to 2.3%.

Note: As accounting standards will be transitioning from Japan GAAP to IFRS from the fiscal year ending September 2025, comparisons with the previous period are not shown.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2022 10,295 740 745 472 57.3 29 Nov 14, 2022 J-GAAP
Sep, 2023 15,909 1,120 1,114 746 90.3 46 Nov 13, 2023 J-GAAP
Sep, 2024 18,705 1,531 1,513 1,013 122.0 62 Nov 12, 2024 IFRS
YoY － － － － －

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 Guidance 19,200 1,410 1,392 859 103.2 52 Nov 13, 2023 J-GAAP
Sep, 2024 Results 18,705 1,531 1,513 1,013 122.0 62 Nov 12, 2024 IFRS
Revision Rate － － － － －

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 9,244 931 924 621 75.0 0 May 10, 2024 IFRS
Oct - Mar, 2024 Guidance 9,677 1,090 1,081 677 82.0 0 Nov 12, 2024 IFRS
YoY +4.7% +17.1% +17.0% +9.0% +9.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 15,909 1,120 1,114 746 90.3 46 Nov 13, 2023 J-GAAP
Sep, 2024 18,705 1,531 1,513 1,013 122.0 62 Nov 12, 2024 IFRS
Sep, 2025 Guidance 22,200 2,020 2,002 1,316 159.4 80 Nov 12, 2024 IFRS
YoY +18.7% +31.9% +32.3% +29.9% +30.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,906 144 141 133 16.1 3.7 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 4,496 489 486 317 38.3 10.9 Feb 13, 2024 IFRS
Jan - Mar, 2024 4,748 442 438 304 36.7 9.3 May 10, 2024 IFRS
Apr - Jun, 2024 4,351 485 482 314 37.8 11.1 Aug 8, 2024 IFRS
Jul - Sep, 2024 5,110 115 107 78 9.4 2.3 Nov 12, 2024 IFRS
YoY － － － － －

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