Mynet Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 14%

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Thu Oct 10, 2024 3:00 pm JST Revision

3928 Mynet Inc. 【J-GAAP】

Guidance Update Report

Mynet Inc. <3928> [TSE-S] announced a performance revision after the market closed on October 10th (15:00). The consolidated ordinary profit for the fiscal year ending December 2024 has been revised upward by 13.6%, from the previous forecast of 295 million yen to 335 million yen (compared to 125 million yen in the previous period), increasing the growth rate from 2.4 times to 2.7 times.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) consolidated ordinary profit has been revised upward by 21 times, from the previous forecast of 2 million yen to 42 million yen (compared to 59 million yen in the same period of the previous year), and the declining rate is expected to decrease from 96.6% to 28.8%.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	4,923	11	2	4	0.5	0	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	4,923	51	42	14	1.7	0	Oct 10, 2024	J-GAAP
Revision Rate	0.0%	+363.6%	+2,000.0%	+250.0%	+253.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	9,600	320	295	280	33.1	0	Aug 14, 2024	J-GAAP
Dec, 2024 New	9,600	360	335	290	34.3	0	Oct 10, 2024	J-GAAP
Revision Rate	0.0%	+12.5%	+13.6%	+3.6%	+3.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	3,940	94	59	14	1.7	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	4,923	51	42	14	1.7	0	Oct 10, 2024	J-GAAP
YoY	+24.9%	-45.7%	-28.8%	0.0%	0.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	10,542	-399	-419	-1,633	-191.3	6	Feb 14, 2023	J-GAAP
Dec, 2023	8,717	168	125	143	17.0	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	9,600	360	335	290	34.3	0	Oct 10, 2024	J-GAAP
YoY	+10.1%	+114.3%	+168.0%	+102.8%	+101.8%