geechs inc.
Geeks Co., Ltd. Q1 Financial Summary (Japanese GAAP) (Consolidated)
Revenue rose 9.3% year over year to 6,968 million yen, operating profit was 204 million yen, and net profit was 86 million yen. For the full year, net sales are expected to be 28,300 million yen, but quarterly net profit shows a slower growth rate. The segments are Domestic IT talent, Overseas IT talent, and Seed Tech.
Key Figures
- Revenue: 6,968,556 thousand yen (YoY +9.3%)
- Operating profit: 204,275 thousand yen (YoY +11.2%)
- Net income attributable to owners of parent: 86,089 thousand yen (YoY -24.6%)
AI要約
Overview of results
Geeks is organized into three business segments: Domestic IT talent, Overseas IT talent, and Seed Tech. For the first quarter cumulative period, net sales were about 6.9 billion yen, up 9.3% YoY. Operating profit was about 204 million yen, up 11.2% YoY, but ordinary income was about 164 million yen, down 9.2% YoY, and quarterly net income was about 86 million yen, down YoY. By segment, Domestic IT talent contributed 4,144 million yen, Overseas IT talent 2,661 million yen, and Seed Tech 184 million yen in sales. Includes effects of unprofitable adjustments and related costs. Amalgamation with Alive is reflected in consolidated scope.
Outlook and financial position
Second-quarter cumulative and full-year earnings forecasts remain unchanged from the previous disclosure. While cash and cash equivalents decreased and accrued expenses increased, indicating changes in current assets and current liabilities, long-term borrowings decreased, signaling stabilization of the financial structure. Going forward, expansion in AX/DX areas and strengthening of the talent network through reskilling are pursued, aiming for growth through acquiring projects in domestic and international markets and providing high-value-added services.
Geeks Co., Ltd.
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