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

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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	6.8	0	Aug 14, 2024	IFRS
Mar, 2025 New	23,281	1,700	1,604	1,039	10.7	0	Nov 14, 2024	IFRS
Revision Rate	+1.2%	+57.4%	+63.2%	+57.9%	+57.8%

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	10.7	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%	－	－	－	－