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geechs inc., First Half Ordinary Profit Increases by 2.0 times

Fri Nov 8, 2024 3:30 pm JST Earnings

7060 geechs inc. 【J-GAAP】

Earnings Report

geechs inc. <7060> [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) surged by 2.0 times that of the same period last year, reaching 199 million yen. However, The progress rate against the 545 million yen full-year plan was 36.5%, also falling below the five-year average of 64.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 346 million yen (compared to a loss of 17 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 59.7% from the same period last year, reaching 115 million yen. The operating profit margin improved from 1.3% in the same period last year to 1.8%.

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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 7,649 260 263 145 13.9 46.4 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 11,917 104 99 -11 -1.1 120.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 12,183 193 199 164 15.9 36.5 Nov 8, 2024 J-GAAP
YoY +2.2% +85.6% +101.0% － －

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 － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 12,183 193 199 164 15.9 0 Nov 8, 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 11,822 -14 -17 -1,462 -141.7 10 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,117 357 346 172 16.7 10 Nov 8, 2024 J-GAAP
YoY +19.4% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,997 589 567 244 23.2 10 May 12, 2023 J-GAAP
Mar, 2024 23,739 90 82 -1,473 -142.8 10 May 10, 2024 J-GAAP
Mar, 2025 Guidance 26,300 550 545 336 32.5 10 May 10, 2024 J-GAAP
YoY +10.8% +511.1% +564.6% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,972 75 72 -15 -1.5 1.3 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 5,870 -47 -50 -92 -9.0 -0.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 5,952 33 33 -1,370 -132.8 0.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,825 80 84 58 5.7 1.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 6,358 113 115 106 10.3 1.8 Nov 8, 2024 J-GAAP
YoY +6.5% +50.7% +59.7% － －

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