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GMO TECH,Inc., July-September (3Q) Ordinary Profit Decreases by 16%

Wed Nov 6, 2024 3:31 pm JST Earnings

6026 GMO TECH,Inc. 【J-GAAP】

Earnings Report

GMO TECH,Inc. <6026> [TSE-G] announced its financial results after the market closed on November 6th (15:31). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 686 million yen, an increase of 46.6% compared to the same period last year. However, The progress rate against the 1.03 billion yen full-year plan was 66.2%, also falling below the five-year average of 105.1%.

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 3.7 times that of the same period last year, reaching 351 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 133 million yen, a 16.4% decrease compared to the same period last year. The operating profit margin decreased from 10.0% in the same period last year to 9.3%.

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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 3,995 425 405 -76 -71.8 196.6 Nov 7, 2022 J-GAAP
Jan - Sep, 2023 4,471 466 468 347 317.5 83.3 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 5,241 660 686 443 405.6 66.2 Nov 6, 2024 J-GAAP
YoY +17.2% +41.6% +46.6% +27.7% +27.8%

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 3,407 263 253 162 147.6 184.48 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 3,506 524 484 269 253.5 293.06 Aug 6, 2024 J-GAAP
YoY +2.9% +99.2% +91.3% +66.0% +71.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 5,456 226 206 -295 -282.1 0 Feb 13, 2023 J-GAAP
Dec, 2023 6,256 566 562 405 369.0 184.48 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 7,200 1,040 1,037 640 603.1 293.06 May 8, 2024 J-GAAP
YoY +15.1% +83.7% +84.5% +58.0% +63.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,622 163 159 104 95.2 10.0 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,785 100 94 58 52.8 5.6 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,874 273 275 194 179.0 14.6 May 8, 2024 J-GAAP
Apr - Jun, 2024 1,820 243 278 177 162.8 13.4 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 1,547 144 133 72 65.9 9.3 Nov 6, 2024 J-GAAP
YoY -4.6% -11.7% -16.4% -30.8% -30.7%

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