Mynet Inc., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 4.8 times, Exceeds Full-Year Plan

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.

Tue Nov 12, 2024 3:00 pm JST Earnings

3928 Mynet Inc. 【J-GAAP】

Earnings Report

Mynet Inc. <3928> [TSE-S] announced its financial results in the afternoon session on November 12th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) surged by 4.8 times that of the same period last year, reaching 350 million yen. The progress rate against the full-year plan of 335 million yen is 104.5%, already exceeding the target and also exceeding the five-year average of 82.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to December period (4Q) is expected to turn into a loss of 15 million yen (compared to a profit of 52 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 8.1 times that of the same period last year, reaching 57 million yen. The operating profit margin significantly improved from 0.4% in the same period last year to 3.8%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	7,863	-6	-16	-78	-9.2	ー	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	6,630	81	73	117	13.9	58.4	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	6,693	385	350	319	37.9	104.5	Nov 12, 2024	J-GAAP
YoY	+1.0%	+375.3%	+379.5%	+172.6%	+172.0%

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%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,853	7	7	-12	-1.4	0.4	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	2,087	87	52	26	3.1	4.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,454	149	148	155	18.5	6.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,223	160	145	121	14.4	7.2	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	2,016	76	57	43	5.1	3.8	Nov 12, 2024	J-GAAP
YoY	+8.8%	+985.7%	+714.3%	－	－