Gig Works reports mixed Q3 results, boosted by strategic divestiture

Gig Works reported a 13.5% decrease in consolidated net sales to JPY 16,712 million for the third quarter of the fiscal year ending October 2025, down from JPY 19,325 million in the prior year. The company recorded an operating loss of JPY 193 million and an ordinary loss of JPY 284 million. However, net profit attributable to parent company shareholders saw a positive shift to JPY 185 million, compared to a loss of JPY 329 million in the previous year.

Total assets decreased by JPY 682 million (8.2%) to JPY 7,588 million, while net assets increased by JPY 157 million (6.1%) to JPY 2,712 million. The company's equity ratio improved to 34.5% from 29.6% year-over-year. Strategic shifts included the divestiture of all shares in Japan Direct Marketing Co., Ltd., a subsidiary operating in the digital marketing business, which resulted in a gain on sale of JPY 864 million and a loss on waiver of receivables of JPY 300 million.

The company's full-year consolidated earnings forecast for the fiscal year ending October 2025 remains unchanged from the previous announcement.