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Medical Net , Jun-Feb (Cumulative 3Q) Net Income Turns to Loss, Dec-Feb Net Income Loss Widens

Fri Apr 18, 2025 8:00 pm JST Earnings

3645 Medical Net , Inc. 【J-GAAP】

Earnings Report

Medical Net , Inc. <3645> [TSE Growth] announced its financial results after the market closed on April 18th (20:00). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending May 2025 (June 2024 to February 2025) turned into a loss of 145 million yen (compared to a profit of 46 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 consolidated net income/loss for the March to May period (4Q) is expected to turn into a profit of 281 million yen (compared to a loss of 41 million yen in the same period last year).

In the most recent three-month period, from December to February (3Q), the consolidated net loss expanded to a loss of 128 million yen (compared to a loss of 69 million yen in the same period last year). The operating profit margin drastically worsened from 4.7% in the same period last year to 0.8%.

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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
Jun - Feb, 2022 3,125 260 285 139 15.6 66.1 Apr 14, 2023 J-GAAP
Jun - Feb, 2023 3,655 231 251 46 5.1 78.0 Apr 12, 2024 J-GAAP
Jun - Feb, 2024 4,421 59 90 -145 -16.2 29.5 Apr 18, 2025 J-GAAP
YoY +21.0% -74.5% -64.1% － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 2,910 129 128 -110 -14.5 3 Jul 12, 2024 J-GAAP
Dec - May, 2024 Guidance 3,488 283 238 153 17.5 3 Jan 14, 2025 J-GAAP
YoY +19.9% +119.4% +85.9% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 4,500 379 431 116 13.0 2.50 Jul 18, 2023 J-GAAP
May, 2024 5,252 298 322 5 0.7 3 Jul 12, 2024 J-GAAP
May, 2025 Guidance 6,400 330 305 136 15.6 3 Jul 12, 2024 J-GAAP
YoY +21.9% +10.7% -5.3% +2,620.0% +2,260.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2023 1,313 62 57 -69 -7.7 4.7 Apr 12, 2024 J-GAAP
Mar - May, 2024 1,597 67 71 -41 -5.4 4.2 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 1,358 -3 -3 -35 -3.9 -0.2 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 1,554 50 70 18 2.0 3.2 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 1,509 12 23 -128 -14.3 0.8 Apr 18, 2025 J-GAAP
YoY +14.9% -80.6% -59.6% -85.5% -85.3%

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