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LOGINET JAPAN, First Half Ordinary Profit Revised Downward to an Unexpected 4%Decrease
9027 LOGINET JAPAN CO., LTD. 【J-GAAP】
Earnings ReportLOGINET JAPAN CO., LTD. <9027> [SSE] announced its financial results in the afternoon session on November 5th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 3.7% from the same period last year to 1.76 billion yen, resulting in a decrease in profits compared to the previous forecast of a 1.0% increase.
Progress toward the full-year plan of 3.56 billion yen was 49.6%, almost the same as the five-year average of 51.4%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 9.7% from the same period last year, reaching 1.79 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 0.99 billion yen, a 7.1% decrease compared to the same period last year. The operating profit margin worsened from 5.6% in the same period last year to 5.2%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 36,441 | 1,726 | 1,702 | 1,084 | 188.5 | 53.7 | Nov 6, 2023 | J-GAAP |
| Apr - Sep, 2024 | 38,534 | 1,896 | 1,831 | 1,176 | 217.4 | 52.8 | Nov 6, 2024 | J-GAAP |
| Apr - Sep, 2025 | 38,349 | 1,778 | 1,764 | 1,361 | 259.2 | 49.6 | Nov 5, 2025 | J-GAAP |
| YoY | -0.5% | -6.2% | -3.7% | +15.7% | +19.2% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 38,850 | 1,920 | 1,850 | 1,180 | 239.3 | 65 | May 8, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 38,349 | 1,778 | 1,764 | 1,361 | 259.2 | 65 | Nov 5, 2025 | J-GAAP |
| Revision Rate | -1.3% | -7.4% | -4.6% | +15.3% | +8.3% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 38,722 | 1,770 | 1,637 | 1,072 | 199.4 | 60 | May 8, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 41,151 | 1,922 | 1,796 | 899 | 182.3 | 70 | Nov 5, 2025 | J-GAAP |
| YoY | +6.3% | +8.6% | +9.7% | -16.1% | -8.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 74,075 | 3,158 | 3,171 | 1,943 | 340.3 | 120 | May 9, 2024 | J-GAAP |
| Mar, 2025 | 77,256 | 3,666 | 3,468 | 2,248 | 418.1 | 120 | May 8, 2025 | J-GAAP |
| Mar, 2026 Guidance | 79,500 | 3,700 | 3,560 | 2,260 | 458.3 | 135 | May 8, 2025 | J-GAAP |
| YoY | +2.9% | +0.9% | +2.7% | +0.5% | +9.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 20,030 | 1,130 | 1,070 | 698 | 129.1 | 5.6 | Nov 6, 2024 | J-GAAP |
| Oct - Dec, 2024 | 20,917 | 1,190 | 1,170 | 806 | 149.6 | 5.7 | Feb 5, 2025 | J-GAAP |
| Jan - Mar, 2025 | 17,805 | 580 | 467 | 266 | 49.5 | 3.3 | May 8, 2025 | J-GAAP |
| Apr - Jun, 2025 | 18,715 | 760 | 770 | 505 | 94.7 | 4.1 | Aug 5, 2025 | J-GAAP |
| Jul - Sep, 2025 | 19,634 | 1,018 | 994 | 856 | 163.0 | 5.2 | Nov 5, 2025 | J-GAAP |
| YoY | -2.0% | -9.9% | -7.1% | +22.6% | +26.3% |
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