QB Net, First Half Net Income Decreases by 51%, Oct-Dec Net Income Decreases by 72%

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Thu Feb 13, 2025 4:30 pm JST Earnings

6571 QB Net Holdings Co.,Ltd. 【IFRS】

Earnings Report

QB Net Holdings Co.,Ltd. <6571> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 13th (16:30). The consolidated net income for the cumulative second quarter of the fiscal year ending June 2025 (July to December) significantly dropped 50.6% from the same period last year to 0.41 billion yen. The progress rate toward the full-year plan of 1.22 billion yen was 34.2%, also falling below the four-year average of 65.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to June period (2H) is expected to expand 75.7% from the same period last year, reaching 0.8 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated net income significantly dropped to 0.07 billion yen, a 71.6% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.9% in the same period last year to 2.9%.

Kabutan News

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
Jul - Dec, 2022	11,055	1,077	1,010	682	52.6	50.8	Feb 13, 2023	IFRS
Jul - Dec, 2023	12,338	1,290	1,219	844	64.6	62.1	Feb 13, 2024	IFRS
Jul - Dec, 2024	12,586	723	629	417	31.8	35.9	Feb 13, 2025	IFRS
YoY	+2.0%	-44.0%	-48.4%	-50.6%	-50.8%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Guidance	ー	ー	ー	ー	－	0	Aug 13, 2024	IFRS
Jul - Dec, 2024 Results	12,586	723	629	417	31.8	0	Feb 13, 2025	IFRS
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	12,419	825	745	457	34.9	27	Aug 13, 2024	IFRS
Jan - Jun, 2025 Guidance	13,124	1,177	1,121	803	61.1	35	Feb 13, 2025	IFRS
YoY	+5.7%	+42.7%	+50.5%	+75.7%	+75.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2023	22,746	2,138	1,990	1,444	111.1	20	Aug 14, 2023	IFRS
Jun, 2024	24,757	2,115	1,964	1,301	99.4	27	Aug 13, 2024	IFRS
Jun, 2025 Guidance	25,710	1,900	1,750	1,220	92.8	35	Aug 13, 2024	IFRS
YoY	+3.8%	-10.2%	-10.9%	-6.2%	-6.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	6,027	417	380	257	19.7	6.9	Feb 13, 2024	IFRS
Jan - Mar, 2024	5,936	370	332	234	17.9	6.2	May 14, 2024	IFRS
Apr - Jun, 2024	6,483	455	413	223	17.0	7.0	Aug 13, 2024	IFRS
Jul - Sep, 2024	6,370	542	498	344	26.3	8.5	Nov 12, 2024	IFRS
Oct - Dec, 2024	6,216	181	131	73	5.6	2.9	Feb 13, 2025	IFRS
YoY	+3.1%	-56.6%	-65.5%	-71.6%	-71.7%