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NexTone Inc., First Half Ordinary Profit Decreases by 10%, July-September Ordinary Profit Decreases by 31%

Fri Nov 8, 2024 1:00 pm JST Earnings

7094 NexTone Inc. 【J-GAAP】

Earnings Report

NexTone Inc. <7094> [TSE-G] announced its financial results in the afternoon session on November 8th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 9.8% from the same period last year to 397 million yen. The progress rate against the 1 billion yen full-year plan was 39.7%, also falling below the five-year average of 46.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge by 2.7 times that of the same period last year, reaching 603 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 155 million yen, a 31.1% decrease compared to the same period last year. The operating profit margin sharply declined from 10.2% in the same period last year to 3.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 4,143 322 325 220 22.8 38.6 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 4,437 439 440 299 30.8 67.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 9,415 378 397 293 30.1 39.7 Nov 8, 2024 J-GAAP
YoY +112.2% -13.9% -9.8% -2.0% -2.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 9,415 378 397 293 30.1 0 Nov 8, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 8,996 209 213 232 23.9 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 10,585 622 603 307 31.5 0 Nov 8, 2024 J-GAAP
YoY +17.7% +197.6% +183.1% +32.3% +31.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 8,814 840 841 631 65.1 0 May 12, 2023 J-GAAP
Mar, 2024 13,433 648 653 531 54.7 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 20,000 1,000 1,000 600 61.5 0 May 14, 2024 J-GAAP
YoY +48.9% +54.3% +53.1% +13.0% +12.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,203 225 225 153 15.8 10.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 4,307 73 73 105 10.8 1.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 4,689 136 140 127 13.1 2.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 4,819 221 238 165 17.0 4.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 4,596 157 159 128 13.1 3.4 Nov 8, 2024 J-GAAP
YoY +108.6% -30.2% -29.3% -16.3% -16.7%

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