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Net Protections Holdings, Inc., The Current Fiscal Year Net Income Revised Upward by 58%, Exceeded record profit forecast

Thu Nov 14, 2024 3:30 pm JST Earnings

7383 Net Protections Holdings, Inc. 【IFRS】

Earnings Report

Net Protections Holdings, Inc. <7383> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 468 million yen (compared to a loss of 496 million yen in the same period last year), exceeded the previous forecast of 223 million yen.

In addition, the full-year consolidated net income has been revised upward by 57.9%, from the previous forecast of 658 million yen to 1.03 billion yen (compared to a loss of 828 million yen in the previous period). The company has further increased its previous forecast of record profits for the first time in four years.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a profit of 571 million yen (compared to a loss of 332 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a profit of profit of 333 million yen (compared to a loss of 220 million yen in the same period last year). The operating profit/loss margin drastically improved from -4.9% in the same period last year to 10.3%.

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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 9,234 39 9 -49 -0.5 ー Nov 14, 2022 IFRS
Apr - Sep, 2023 10,330 -605 -633 -496 -5.1 ー Nov 14, 2023 IFRS
Apr - Sep, 2024 11,021 866 829 468 4.8 51.7 Nov 14, 2024 IFRS
YoY +6.7% － － － －

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 10,740 316 266 223 2.3 0 Aug 14, 2024 IFRS
Apr - Sep, 2024 Results 11,021 866 829 468 4.8 0 Nov 14, 2024 IFRS
Revision Rate +2.6% +174.1% +211.7% +109.9% +110.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 23,000 1,080 983 658 6.7 0 Aug 14, 2024 IFRS
Mar, 2025 New 23,281 1,700 1,604 1,039 10.6 0 Nov 14, 2024 IFRS
Revision Rate +1.2% +57.4% +63.2% +57.9% +57.9%

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 10,514 -22 -187 -332 -3.4 0 May 15, 2024 IFRS
Oct - Mar, 2024 Guidance 12,260 834 775 571 5.9 0 Nov 14, 2024 IFRS
YoY +16.6% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 19,330 -404 -527 -443 -4.6 0 May 15, 2023 IFRS
Mar, 2024 20,844 -627 -820 -828 -8.6 0 May 15, 2024 IFRS
Mar, 2025 Guidance 23,281 1,700 1,604 1,039 10.6 0 Nov 14, 2024 IFRS
YoY +11.7% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,157 -251 -265 -220 -2.3 -4.9 Nov 14, 2023 IFRS
Oct - Dec, 2023 5,443 146 131 56 0.6 2.7 Feb 14, 2024 IFRS
Jan - Mar, 2024 5,071 -168 -318 -388 -4.0 -3.3 May 15, 2024 IFRS
Apr - Jun, 2024 5,254 273 254 135 1.4 5.2 Aug 14, 2024 IFRS
Jul - Sep, 2024 5,767 593 575 333 3.4 10.3 Nov 14, 2024 IFRS
YoY +11.8% － － － －

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