kabutan

GLAD CUBE Inc., The Current Fiscal Year Ordinary Profit Loss Widened in Downward Revision

Thu Nov 14, 2024 3:00 pm JST Earnings

9561 GLAD CUBE Inc. 【J-GAAP】

Earnings Report

GLAD CUBE Inc. <9561> [TSE-G] announced its financial results in the afternoon session on November 14th (15:00). The ordinary profit/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 188 million yen (compared to a profit of 124 million yen in the same period last year).

In addition, the full-year ordinary profit/loss has been revised downward from an expected loss of 214 million yen to a loss of 280 million yen (compared to a profit of 143 million yen in the previous period), indicating an expansion in the loss margin.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit/loss for the July to December period (second half) has been revised downward from an expected loss of 106 million yen to a loss of 172 million yen (compared to a profit of 2 million yen in the same period of the previous year), indicating an expansion in the loss margin.

In the most recent three-month period, from July to September (3Q), the ordinary loss expanded to a loss of 80 million yen (compared to a loss of 17 million yen in the same period last year). The operating profit/loss margin drastically worsened from -4.9% in the same period last year to -20.6%.

Kabutan News

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 1,119 373 366 241 32.5 80.4 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 1,050 122 124 84 10.4 87.9 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 1,157 -183 -188 -144 -17.6 ー Nov 14, 2024 J-GAAP
YoY +10.2% － － － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 1,069 -98 -106 -150 -18.0 0 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 New 747 -165 -172 -150 -18.0 0 Nov 14, 2024 J-GAAP
Revision Rate -30.1% -68.4% -62.3% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 1,847 -203 -214 -235 -28.2 0 Feb 14, 2024 J-GAAP
Dec, 2024 New 1,525 -270 -280 -235 -28.2 0 Nov 14, 2024 J-GAAP
Revision Rate -17.4% -33.0% -30.8% 0.0% 0.0%

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 800 3 0 -38 -4.8 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 747 -165 -172 -150 -18.0 0 Nov 14, 2024 J-GAAP
YoY -6.6% － － -294.7% -276.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 1,480 461 455 297 39.1 0 Feb 14, 2023 J-GAAP
Dec, 2023 1,523 141 141 58 7.3 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 1,525 -270 -280 -235 -28.2 0 Nov 14, 2024 J-GAAP
YoY +0.1% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 327 -16 -17 -12 -1.5 -4.9 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 473 19 17 -26 -3.3 4.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 431 -20 -22 -20 -2.4 -4.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 347 -85 -86 -65 -8.0 -24.5 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 379 -78 -80 -59 -7.2 -20.6 Nov 14, 2024 J-GAAP
YoY +15.9% -387.5% -370.6% -391.7% -383.2%

Related Articles