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GMO AD Partners Inc., July-September (3Q) Ordinary Profit Turns to Profit

Wed Nov 6, 2024 3:31 pm JST Earnings

4784 GMO internet, Inc. 【J-GAAP】

Earnings Report

GMO AD Partners Inc. <4784> [TSE-S] announced its financial results after the market closed on November 6th (15:31). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 20 million yen (compared to a profit of 124 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 ordinary profit for the October to December period (4Q) is expected to surge by 2.1 times that of the same period last year, reaching 120 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a profit of profit of 82 million yen (compared to a loss of 84 million yen in the previous period). The operating profit/loss margin drastically improved from -2.6% in the same period last year to 2.7%.

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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 12,626 728 761 415 26.3 102.0 Nov 7, 2022 J-GAAP
Jan - Sep, 2023 11,606 -13 124 46 2.9 68.9 Nov 6, 2023 J-GAAP
Jan - Sep, 2024 9,621 -38 -20 -48 -3.0 ー Nov 6, 2024 J-GAAP
YoY -17.1% -192.3% － － －

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 6,758 -103 -28 -66 -4.1 1.30 Feb 5, 2024 J-GAAP
Jul - Dec, 2024 Guidance 8,463 220 202 140 8.7 6.90 Aug 8, 2024 J-GAAP
YoY +25.2% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 16,629 710 746 395 25.0 12.50 Feb 6, 2023 J-GAAP
Dec, 2023 14,903 -25 180 40 2.5 1.30 Feb 5, 2024 J-GAAP
Dec, 2024 Guidance 15,000 100 100 55 3.4 6.90 Aug 8, 2024 J-GAAP
YoY +0.7% － -44.4% +37.5% +36.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,461 -91 -84 -60 -3.8 -2.6 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 3,297 -12 56 -6 -0.4 -0.4 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 3,454 70 72 61 3.8 2.0 May 8, 2024 J-GAAP
Apr - Jun, 2024 3,083 -190 -174 -146 -9.1 -6.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 3,084 82 82 37 2.3 2.7 Nov 6, 2024 J-GAAP
YoY -10.9% － － － －

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