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GLOBERIDE, Inc., First Half Ordinary Profit Decreases by 33%

Fri Nov 8, 2024 3:30 pm JST Earnings

7990 GLOBERIDE, Inc. 【J-GAAP】

Earnings Report

GLOBERIDE, Inc. <7990> [TSE-P] 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) dropped by 32.8% from the same period last year to 4.84 billion yen. The progress rate against the 5.1 billion yen full-year plan was 94.9%, also surpassing the five-year average of 75.1%.

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 77.9% from the same period last year to 260 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 2.24 billion yen, a 14.1% decrease compared to the same period last year. However, the operating profit margin improved from 7.3% in the same period last year to 8.6%.

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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 74,320 9,423 10,258 7,423 323.3 81.0 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 67,876 6,522 7,198 5,099 222.0 85.9 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 65,253 5,011 4,840 3,327 144.8 94.9 Nov 8, 2024 J-GAAP
YoY -3.9% -23.2% -32.8% -34.8% -34.8%

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 65,200 5,000 4,800 3,300 143.5 40 Oct 30, 2024 J-GAAP
Apr - Sep, 2024 Results 65,253 5,011 4,840 3,327 144.8 40 Nov 8, 2024 J-GAAP
Revision Rate +0.1% +0.2% +0.8% +0.8% +0.9%

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 58,132 974 1,177 483 21.0 35 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 61,747 489 260 73 3.2 40 Nov 8, 2024 J-GAAP
YoY +6.2% -49.8% -77.9% -84.9% -84.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 134,583 12,125 12,659 9,188 400.0 60 May 12, 2023 J-GAAP
Mar, 2024 126,008 7,496 8,375 5,582 243.0 70 May 13, 2024 J-GAAP
Mar, 2025 Guidance 127,000 5,500 5,100 3,400 147.9 80 May 13, 2024 J-GAAP
YoY +0.8% -26.6% -39.1% -39.1% -39.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 33,760 2,481 2,617 1,585 69.0 7.3 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 28,612 1,864 1,613 1,124 48.9 6.5 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 29,520 -890 -436 -641 -27.9 -3.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 31,481 2,122 2,592 1,650 71.8 6.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 33,772 2,889 2,248 1,677 73.0 8.6 Nov 8, 2024 J-GAAP
YoY +0.0% +16.4% -14.1% +5.8% +5.8%

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