Nextgen,Inc., First Half Ordinary Profit Increases by 5.0 times, July-September Ordinary Profit Increases by 87%

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Fri Nov 8, 2024 4:00 pm JST Earnings

3842 Nextgen,Inc. 【J-GAAP】

Earnings Report

Nextgen,Inc. <3842> [TSE-G] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 5.0 times that of the same period last year, reaching 105 million yen. The progress rate against the 190 million yen full-year plan was 55.3%, also surpassing the progress rate of 12.1% from the same period of the previous year.

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 drop by 44.1% from the same period last year to 85 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 86.5% from the same period last year, reaching 97 million yen. The operating profit margin significantly improved from 6.6% in the same period last year to 11.4%.

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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	1,163	-155	-160	-142	-53.5	ー	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	1,598	26	21	17	5.7	12.1	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	1,600	106	105	84	27.5	55.3	Nov 8, 2024	J-GAAP
YoY	+0.1%	+307.7%	+400.0%	+394.1%	+385.5%

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	－	5	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	1,600	106	105	84	27.5	5	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	1,924	155	152	149	49.3	5	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,100	94	85	86	27.8	5	Nov 8, 2024	J-GAAP
YoY	+9.1%	-39.4%	-44.1%	-42.3%	-43.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,053	31	23	-454	-165.8	0	May 12, 2023	J-GAAP
Mar, 2024	3,522	181	173	166	54.9	5	May 10, 2024	J-GAAP
Mar, 2025 Guidance	3,700	200	190	170	55.0	10	May 10, 2024	J-GAAP
YoY	+5.1%	+10.5%	+9.8%	+2.4%	+0.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	853	56	52	49	16.3	6.6	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	784	45	44	34	11.4	5.7	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	1,140	110	108	115	38.0	9.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	756	10	8	4	1.6	1.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	844	96	97	80	26.2	11.4	Nov 8, 2024	J-GAAP
YoY	-1.1%	+71.4%	+86.5%	+63.3%	+60.5%