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GSI, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 6%, Exceeds Full-Year Plan

Thu Feb 13, 2025 3:00 pm JST Earnings

5579 GSI Co., Ltd. 【J-GAAP】

Earnings Report

GSI Co., Ltd. <5579> [SSE] announced its financial results in the afternoon session on February 13th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 5.6% from the same period last year to 319 million yen. However, the progress rate toward the full-year plan of 246 million yen is 129.7%, already exceeding the target and also exceeding the same period of the previous year of 76.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to March period (4Q) is expected to turn into a loss of 73 million yen (compared to a profit of 102 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 138 million yen, a 14.8% decrease compared to the same period last year. The operating profit margin decreased from 14.8% in the same period last year to 12.5%.

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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
Apr - Dec, 2023 3,037 329 338 231 121.3 76.8 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 3,140 311 319 208 104.4 129.7 Feb 13, 2025 J-GAAP
YoY +3.4% -5.5% -5.6% -10.0% -13.9%

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
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
Oct - Dec, 2024 1,084 135 138 93 46.7 12.5 Feb 13, 2025 J-GAAP
YoY +6.0% -10.6% -14.8% -15.5% -19.2%

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