グロービング reported results for the June-August quarter (1Q) on an IFRS basis. Consolidated net profit fell 2.6% year on year to ¥630 million, representing 18.7% progress against the full-year plan. The operating margin for the most recent 3 months declined from 35.8% to 28.7%.
グロービング published its results after the market close on 15 October. The reporting period was the first quarter from June to August, and consolidated net profit on an IFRS basis was ¥630 million, down 2.6% year on year.
The full-year plan is ¥3.38 billion, representing progress of only 18.7%, almost the same level as the 22.5% progress recorded in the same period of the previous year.
For the most recent 3 months, the operating margin fell from 35.8% in the same period of the previous year to 28.7%, indicating lower profitability.
The article was prepared based on data released by the company and advises investors to check the earnings summary before making investment decisions.