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GSI Co., Ltd., July-September (2Q) Ordinary Profit Increases by 15%

Thu Nov 14, 2024 10:00 am JST Earnings

5579 GSI Co., Ltd. 【J-GAAP】

Earnings Report

GSI Co., Ltd. <5579> [SapporoSE] announced its financial results in the morning on November 14th (10:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 181 million yen, a 2.8% increase compared to the previous period non-consolidated. The progress rate against the 246 million yen full-year plan was 73.6%, also surpassing the progress rate of 40.0% from the same period of the previous year.

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 75.4% from the same period last year to 65 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 14.9% from the same period last year, reaching 100 million yen. The operating profit margin improved from 8.6% in the same period last year to 9.4%.

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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, 2023 2,014 178 176 121 65.1 40.0 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 2,056 176 181 115 57.9 73.6 Nov 14, 2024 J-GAAP
YoY +2.1% -1.1% +2.8% -5.0% -11.1%

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 ー ー ー ー － 25 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 2,056 176 181 115 57.9 25 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

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 2,008 248 264 187 97.0 53 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,279 87 65 29 14.5 25 Nov 14, 2024 J-GAAP
YoY +13.5% -64.9% -75.4% -84.5% -85.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 4,022 426 440 308 159.7 53 May 15, 2024 J-GAAP
Mar, 2025 Guidance 4,335 263 246 144 72.0 50 May 15, 2024 J-GAAP
YoY +7.8% -38.3% -44.1% -53.2% -54.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,017 87 87 60 32.3 8.6 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,023 151 162 110 57.8 14.8 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 985 97 102 77 39.9 9.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,012 78 81 49 24.9 7.7 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,044 98 100 66 33.2 9.4 Nov 14, 2024 J-GAAP
YoY +2.7% +12.6% +14.9% +10.0% +2.8%

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