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Neturen Co., Ltd., July-September (2Q) Ordinary Profit Decreases by 24%

Fri Nov 8, 2024 3:30 pm JST Earnings

5976 Neturen Co., Ltd. 【J-GAAP】

Earnings Report

Neturen Co., Ltd. <5976> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.15 billion yen, a 2.4% decrease compared to the same period last year. The progress rate against the 2.6 billion yen full-year plan was 44.4%, also falling below the five-year average of 54.3%.

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 grow by 8.8% from the same period last year, reaching 1.44 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 475 million yen, a 23.6% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 2.9% in the same period last year to 3.1%.

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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 27,859 1,393 2,030 1,221 31.2 65.7 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 28,302 690 1,182 678 18.2 47.1 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 29,002 854 1,154 615 17.2 44.4 Nov 8, 2024 J-GAAP
YoY +2.5% +23.8% -2.4% -9.3% -5.7%

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 30,000 800 1,000 500 14.1 25 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 29,002 854 1,154 615 17.2 25 Nov 8, 2024 J-GAAP
Revision Rate -3.3% +6.8% +15.4% +23.0% +21.6%

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 28,903 942 1,329 864 23.5 25 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 32,998 1,146 1,446 985 28.7 25 Nov 8, 2024 J-GAAP
YoY +14.2% +21.7% +8.8% +14.0% +22.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 57,524 2,396 3,088 381 9.9 30 May 11, 2023 J-GAAP
Mar, 2024 57,205 1,632 2,511 1,542 41.9 49 May 9, 2024 J-GAAP
Mar, 2025 Guidance 62,000 2,000 2,600 1,600 46.7 50 May 9, 2024 J-GAAP
YoY +8.4% +22.5% +3.5% +3.8% +11.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 14,340 420 622 402 10.8 2.9 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 14,861 570 824 630 17.0 3.8 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 14,042 372 505 234 6.4 2.6 May 9, 2024 J-GAAP
Apr - Jun, 2024 13,975 394 679 374 10.4 2.8 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 15,027 460 475 241 6.7 3.1 Nov 8, 2024 J-GAAP
YoY +4.8% +9.5% -23.6% -40.0% -37.7%

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