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G-7 Holdings --- Acquisition of new shares (subsidiarization)
G-7 Holdings <7508> announced on the 25th that it will acquire all issued shares of Shinryu, make it a subsidiary, and plan to sign a stock transfer agreement on November 26, 2024. Since 1999 in Toyonaka City, Osaka Prefecture, Shinryu has been a pioneer in wristwatch e-commerce sales, boasting a solid track record and recognition in the industry. Currently, they also handle a wide range of pet products e-commerce. The company group focuses on the food business centered around 'Gyomu Super' and various automobile-related businesses.
G Seven HD Research Memo (8): Aim to enhance corporate value through maintaining and increasing roe and proactive growth investments for profit growth.
■Efforts to Enhance Corporate Value 1. Corporate Value Enhancement Measures G-7 Holdings <7508> aims to maintain and increase the level of roe and accelerate profit growth through active growth investments as a corporate value enhancement measure. Additionally, by enhancing information disclosure that includes sustainability efforts, it aims to foster growth expectations and improve market valuation (p/e ratio). The level of roe is already stably secured above the cost of shareholder equity (5-8%), and the pb is also above 1.
G Seven HD Research Memo (5): M&A funds are financed with borrowed money, but financial soundness is maintained.
■G-7 Holdings <7508> Performance Trends 2. Financial Situation and Management Indicators As of the end of the interim period of the fiscal year ending March 2025, the total assets increased by 5089 million yen compared to the previous period to 66,961 million yen. Looking at the main factors of increase and decrease, current assets increased by 903 million yen due to an increase in inventory assets, while cash and deposits decreased by 842 million yen, and accounts receivable decreased by 271 million yen respectively. Fixed assets, mainly due to the subsidiaryization of Bon Sante, include tangible fixed assets of 1270 million yen and goodwill of 4065 million.
The revenue from auto-related businesses for G Seven HD Research Memo (4) reached 21,084 million yen, setting a new record for the highest amount consecutively.
Revenue from the automobile-related business increased by 6.2% year-on-year to 21,084 million yen, achieving a record high for consecutive updates, while ordinary profit turned to a profit for the second consecutive period with a 47.6% increase to 567 million yen.
G Seven HD Research Memo (3): Despite a decrease in profit for the interim period of March 2025, it achieved a record high revenue.
■The performance trend of G-7 Holdings <7508> 1. Overview of the interim results for the fiscal year ending March 2025 The consolidated results for the interim period ending March 2025 reported a revenue of 100,994 million yen, an 8.5% increase compared to the same period last year, operating profit of 2,854 million yen, a 1.9% decrease, ordinary profit of 3,047 million yen, a 2.5% decrease, and net profit attributable to shareholders of the parent company of 2,040 million yen, a 9.4% decrease. Revenue increased in all business segments except for the fresh meat business, resulting in growth for the interim period.
G Seven HD Research Memo (2): The business supermarket division accounts for more than half of revenue and operating profit.
■Business Overview The business segments of G-7 Holdings <7508> are disclosed as four categories: auto-related business, business supermarket business, meat business, and qitabankuai. Looking at the business composition ratio for the mid-term of the fiscal year ending March 2025, the business supermarket segment accounts for 58.0% of the revenue and 76.4% of the ordinary profit, making it the core business. Additionally, adding the specialty food, private brand business included in the business supermarket, meat business, and qitabankuai, as well as the mini supermarket and agriculture businesses...
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