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Net Protections, The Current Fiscal Year Net Income Revised Upward by 6%, Exceeded Record Profit Forecast

Fri Feb 14, 2025 3:30 pm JST Earnings

7383 Net Protections Holdings, Inc. 【IFRS】

Earnings Report

Net Protections Holdings, Inc. <7383> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 14th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 1.01 billion yen (compared to a loss of 0.44 billion yen in the same period last year).

In addition, the full-year consolidated net income has been revised upward 5.9%, from the previous forecast of 1.03 billion yen to 1.1 billion yen (compared to a loss of 0.82 billion 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 full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) is expected to increase 10.7%, from the previous forecast of 0.57 billion yen to 0.63 billion yen (compared to a loss of 0.33 billion yen in the same period of the previous year).

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 9.7 times that of the same period last year, reaching 0.54 billion yen. The operating profit margin drastically improved from 2.7% in the same period last year to 14.5%.

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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 14,436 -43 -89 -126 -1.3 ー Feb 14, 2023 IFRS
Apr - Dec, 2023 15,773 -459 -502 -440 -4.6 ー Feb 14, 2024 IFRS
Apr - Dec, 2024 17,277 1,774 1,714 1,013 10.4 90.2 Feb 14, 2025 IFRS
YoY +9.5% － － － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 12,260 834 775 571 5.9 0 Nov 14, 2024 IFRS
Oct - Mar, 2024 New 12,260 1,134 1,071 632 6.5 0 Feb 14, 2025 IFRS
Revision Rate 0.0% +36.0% +38.2% +10.7% +10.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 23,281 1,700 1,604 1,039 10.6 0 Nov 14, 2024 IFRS
Mar, 2025 New 23,281 2,000 1,900 1,100 11.3 0 Feb 14, 2025 IFRS
Revision Rate 0.0% +17.6% +18.5% +5.9% +5.8%

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 1,134 1,071 632 6.5 0 Feb 14, 2025 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 2,000 1,900 1,100 11.3 0 Feb 14, 2025 IFRS
YoY +11.7% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 6,256 908 885 545 5.6 14.5 Feb 14, 2025 IFRS
YoY +14.9% +521.9% +575.6% +873.2% +865.5%

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