NETSTARS Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

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Thu Nov 14, 2024 3:30 pm JST Earnings

5590 NETSTARS Co.,Ltd. 【J-GAAP】

Earnings Report

NETSTARS Co.,Ltd. <5590> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was a reduced loss of 138 million yen (compared to a loss of 170 million yen in the same period last year).

However, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 201 million yen to a loss of 92 million yen (compared to a loss of 329 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has downwardly by 72.5%, from the previous forecast of 404 million yen to 111 million yen (compared to a loss of 178 million yen in the same period of the previous year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a profit of profit of 65 million yen (compared to a loss of 19 million yen in the same period last year). The operating profit/loss margin drastically improved from -1.5% in the same period last year to 4.9%.

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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, 2023	2,832	-158	-170	-179	-11.2	ー	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	2,723	-209	-138	-151	-9.1	ー	Nov 14, 2024	J-GAAP
YoY	-3.8%	-32.3%	+18.8%	+15.6%	+19.0%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	2,932	359	404	365	21.9	0	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	2,219	92	111	109	6.5	0	Nov 14, 2024	J-GAAP
Revision Rate	-24.3%	-74.4%	-72.5%	-70.1%	-70.1%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	4,650	101	201	150	9.0	0	Feb 14, 2024	J-GAAP
Dec, 2024 New	3,937	-166	-92	-106	-6.4	0	Nov 14, 2024	J-GAAP
Revision Rate	-15.3%	－	－	－	－

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	1,922	-178	-178	-193	-12.0	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	2,219	92	111	109	6.5	0	Nov 14, 2024	J-GAAP
YoY	+15.5%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	3,720	-321	-329	-347	-21.5	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	3,937	-166	-92	-106	-6.4	0	Nov 14, 2024	J-GAAP
YoY	+5.8%	+48.3%	+72.0%	+69.5%	+70.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,034	-15	-19	-25	-1.6	-1.5	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	888	-163	-159	-168	-10.4	-18.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	826	-158	-163	-165	-9.9	-19.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	892	-100	-40	-50	-3.0	-11.2	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,005	49	65	64	3.9	4.9	Nov 14, 2024	J-GAAP
YoY	-2.8%	－	－	－	－