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Netyear Group, Apr-Dec (Cumulative 3Q) Net Income Loss Widens, Oct-Dec Net Income Turns to Loss

Fri Jan 31, 2025 3:30 pm JST Earnings

3622 Netyear Group Corporation 【J-GAAP】

Earnings Report

Netyear Group Corporation <3622> [TSE Growth] announced its financial results after the market closed on January 31st (15:30). The net loss (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded to a loss of 153 million yen (compared to a loss of 26 million yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the net income for the January to March period (4Q) is expected to significant drop 55.3% from the same period last year to 59 million yen.

In the most recent three-month period, from October to December (3Q), the net income/loss turned to a loss of 21 million yen (compared to a profit of 1 million yen in the same period last year). The operating profit/loss margin drastically worsened from 0.2% in the same period last year to -3.5%.

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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
Apr - Dec, 2022 2,716 131 130 90 12.9 46.4 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 2,574 -34 -35 -26 -3.8 ー Jan 31, 2024 J-GAAP
Apr - Dec, 2024 2,333 -88 -89 -153 -22.0 ー Jan 31, 2025 J-GAAP
YoY -9.4% -158.8% -154.3% -488.5% -476.4%

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 1,926 180 180 133 19.0 6 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,798 59 58 38 5.4 6 Jan 17, 2025 J-GAAP
YoY -6.6% -67.2% -67.8% -71.4% -71.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,919 281 280 200 28.6 5.75 Apr 28, 2023 J-GAAP
Mar, 2024 3,630 144 144 106 15.2 6 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 3,300 0 -1 -94 -13.4 6 Jan 17, 2025 J-GAAP
YoY -9.1% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 870 2 1 1 0.2 0.2 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 1,056 178 179 132 18.9 16.9 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 739 -70 -70 -49 -7.1 -9.5 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 763 11 11 -83 -11.9 1.4 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 831 -29 -30 -21 -3.0 -3.5 Jan 31, 2025 J-GAAP
YoY -4.5% － － － －

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