bullish
GEECHS (7060 JP) - Q2 Follow-Up
SUMMARY
- On November 8th, 2024, Geechs Inc. (hereafter, the “Company") announced its H1 FY2025/3 earnings results.
- Net sales rose 2.2% YoY to JPY 12,183 mn, EBITDA rose 3.5% YoY to JPY 256 mn, and operating profit rose 84.3% YoY to JPY 193 mn.
- Steady expansion of its core IT freelance matching business (Japan), the Seed Tech business turning profitable for the first time, and the absence of losses from G2 Studios (former Game business), sold at the end of the previous fiscal year helped boost results, but losses widened in the IT freelance matching business (Overseas).
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