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GEOSTR Corporation, First Half Ordinary Profit Decreases by 10%

Fri Nov 8, 2024 3:30 pm JST Earnings

5282 GEOSTR Corporation 【J-GAAP】

Earnings Report

GEOSTR Corporation <5282> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 10.0% from the same period last year to 618 million yen. However, The progress rate against the 1 billion yen full-year plan was 61.8%, also surpassing the five-year average of 44.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 67.2% from the same period last year to 382 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 209 million yen, a 56.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.3% in the same period last year to 3.6%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 10,992 814 823 474 15.2 53.3 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 10,894 675 687 455 14.5 37.1 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 11,737 605 618 397 12.7 61.8 Nov 8, 2024 J-GAAP
YoY +7.7% -10.4% -10.0% -12.7% -12.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 12,800 630 650 440 14.1 3 Sep 6, 2024 J-GAAP
Apr - Sep, 2024 Results 11,737 605 618 397 12.7 3 Nov 8, 2024 J-GAAP
Revision Rate -8.3% -4.0% -4.9% -9.8% -9.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 16,016 1,156 1,165 647 20.7 11 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 17,663 365 382 243 7.8 3 Nov 8, 2024 J-GAAP
YoY +10.3% -68.4% -67.2% -62.4% -62.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 25,236 1,522 1,543 645 20.7 6 May 12, 2023 J-GAAP
Mar, 2024 26,910 1,831 1,852 1,102 35.3 11 May 15, 2024 J-GAAP
Mar, 2025 Guidance 29,400 970 1,000 640 20.5 6 Sep 6, 2024 J-GAAP
YoY +9.3% -47.0% -46.0% -41.9% -42.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,528 476 475 312 10.0 7.3 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 5,963 314 324 196 6.3 5.3 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 10,053 842 841 451 14.4 8.4 May 15, 2024 J-GAAP
Apr - Jun, 2024 5,979 396 409 275 8.8 6.6 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 5,758 209 209 122 3.9 3.6 Nov 8, 2024 J-GAAP
YoY -11.8% -56.1% -56.0% -60.9% -60.8%

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