Mynet, 81% Decrease in Ordinary Profit for The Current Fiscal Year

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Fri Feb 14, 2025 3:00 pm JST Earnings

3928 Mynet Inc. 【J-GAAP】

Earnings Report

Mynet Inc. <3928> [TSE Std] announced its financial results in the afternoon session on February 14th (15:00). The consolidated ordinary profit for the fiscal year ending December 2024 expanded 3.0 times that of the previous period to 375 million yen. However, for the fiscal year ending December 2025 is also bleak, with an expected significant drop by 81.3% from the previous period to 70 million yen.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit significantly dropped to 25 million yen, a 51.9% decrease compared to the same period last year. The operating profit margin worsened from 4.2% in the same period last year to 2.0%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	10,542	-399	-419	-1,633	-191.3	6	Feb 14, 2023	J-GAAP
Dec, 2023	8,717	168	125	143	17.0	0	Feb 14, 2024	J-GAAP
Dec, 2024	8,846	428	375	245	29.1	0	Feb 14, 2025	J-GAAP
YoY	+1.5%	+154.8%	+200.0%	+71.3%	+71.2%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	9,600	360	335	290	34.3	0	Oct 10, 2024	J-GAAP
Dec, 2024 Results	8,846	428	375	245	29.1	0	Feb 14, 2025	J-GAAP
Revision Rate	-7.9%	+18.9%	+11.9%	-15.5%	-15.2%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	4,677	309	293	276	32.8	0	Aug 14, 2024	J-GAAP
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	0	Feb 14, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	8,717	168	125	143	17.0	0	Feb 14, 2024	J-GAAP
Dec, 2024	8,846	428	375	245	29.1	0	Feb 14, 2025	J-GAAP
Dec, 2025 Guidance	8,500	100	70	10	1.2	0	Feb 14, 2025	J-GAAP
YoY	-3.9%	-76.6%	-81.3%	-95.9%	-95.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,087	87	52	26	3.1	4.2	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,454	149	148	155	18.5	6.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,223	160	145	121	14.4	7.2	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	2,016	76	57	43	5.1	3.8	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	2,153	43	25	-74	-8.8	2.0	Feb 14, 2025	J-GAAP
YoY	+3.2%	-50.6%	-51.9%	－	－