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

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

Kabutan News

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	28.4	25	Nov 8, 2024	J-GAAP
YoY	+14.2%	+21.7%	+8.8%	+14.0%	+20.9%

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	46.1	50	May 9, 2024	J-GAAP
YoY	+8.4%	+22.5%	+3.5%	+3.8%	+10.0%

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%