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GLORY, The Current Fiscal Year Ordinary Profit Revised Upward by 2%

Thu Feb 6, 2025 3:00 pm JST Earnings

6457 GLORY LTD. 【J-GAAP】

Earnings Report

GLORY LTD. <6457> [TSE Prime] announced its financial results in the afternoon session on February 6th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 33.4% from the same period last year to 22.4 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 2.1%, from the previous forecast of 24 billion yen to 24.5 billion yen (compared to 48.4 billion yen in the previous period), and the declining rate is expected to decrease from 50.5% to 49.4%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward 5.2%, from the previous forecast of 9.61 billion yen to 10.1 billion yen (compared to 33 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 70.9% to 69.4%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 8.07 billion yen, a 56.0% decrease compared to the same period last year. The operating profit margin significantly dropped from 18.2% in the same period last year to 10.7%.

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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
Apr - Dec, 2022 178,503 -1,621 -1,490 -4,689 -81.4 ー Feb 7, 2023 J-GAAP
Apr - Dec, 2023 259,706 35,335 33,749 20,906 376.0 69.9 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 280,033 29,343 22,460 12,577 225.5 91.7 Feb 6, 2025 J-GAAP
YoY +7.8% -17.0% -33.4% -39.8% -40.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 176,902 10,318 9,072 5,131 88.8 54 Nov 7, 2024 J-GAAP
Oct - Mar, 2024 New 184,902 12,318 9,572 5,631 97.4 54 Feb 6, 2025 J-GAAP
Revision Rate +4.5% +19.4% +5.5% +9.7% +9.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 362,000 30,000 24,000 13,000 224.9 108 Nov 7, 2024 J-GAAP
Mar, 2025 New 370,000 32,000 24,500 13,500 233.6 108 Feb 6, 2025 J-GAAP
Revision Rate +2.2% +6.7% +2.1% +3.8% +3.8%

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 214,639 34,327 32,868 21,282 382.7 66 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 184,902 12,318 9,572 5,631 97.4 54 Feb 6, 2025 J-GAAP
YoY -13.9% -64.1% -70.9% -73.5% -74.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 255,857 522 -2,720 -9,538 -167.0 68 May 11, 2023 J-GAAP
Mar, 2024 372,478 51,110 48,272 29,590 532.1 106 May 10, 2024 J-GAAP
Mar, 2025 Guidance 370,000 32,000 24,500 13,500 233.6 108 Feb 6, 2025 J-GAAP
YoY -0.7% -37.4% -49.2% -54.4% -56.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 101,867 18,552 18,345 12,598 226.6 18.2 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 112,772 15,775 14,523 8,684 156.2 14.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 92,775 10,873 9,600 6,021 108.1 11.7 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 92,323 8,809 5,328 1,848 33.2 9.5 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 94,935 9,661 7,532 4,708 84.4 10.2 Feb 6, 2025 J-GAAP
YoY -6.8% -47.9% -58.9% -62.6% -62.7%

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