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Mynet, First Half Ordinary Profit Decreases by 34%, Exceeds Full-Year Plan

Thu Aug 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 August 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) dropped 34.5% from the same period last year to 192 million yen. Progress toward the full-year plan of 70 million yen is 274.3%, already exceeding the target and also exceeding the five-year average of 68.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the July to December period (second half) is expected to turn into a loss of 122 million yen (compared to a profit of 82 million yen in the same period last year).

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit dropped to 78 million yen, a 46.2% decrease compared to the same period last year. The operating profit margin worsened from 7.2% in the same period last year to 5.3%.

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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
Jan - Jun, 2023 4,777 74 66 129 15.3 52.8 Aug 14, 2023 J-GAAP
Jan - Jun, 2024 4,677 309 293 276 32.8 78.1 Aug 14, 2024 J-GAAP
Jan - Jun, 2025 3,939 242 192 156 18.5 274.3 Aug 14, 2025 J-GAAP
YoY -15.8% -21.7% -34.5% -43.5% -43.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance ー ー ー ー － 0 Feb 14, 2025 J-GAAP
Jan - Jun, 2025 Results 3,939 242 192 156 18.5 0 Aug 14, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 4,169 119 82 -31 -3.7 0 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 4,561 -142 -122 -146 -17.1 0 Aug 14, 2025 J-GAAP
YoY +9.4% － － -371.0% -364.1%

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% -96.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 2,130 147 114 96 11.5 6.9 May 15, 2025 J-GAAP
Apr - Jun, 2025 1,809 95 78 60 7.1 5.3 Aug 14, 2025 J-GAAP
YoY -18.6% -40.6% -46.2% -50.4% -50.4%

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