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Nalnet Communications, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 4%, Exceeded Record Profit Forecast

Fri Nov 14, 2025 3:30 pm JST Earnings

5870 Nalnet Communications Inc. 【J-GAAP】

Earnings Report

Nalnet Communications Inc. <5870> [TSE Growth] announced its financial results after the market closed on November 14th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 2.5 times that of the same period last year, reaching 384 million yen, exceeded the previous forecast of 260 million yen.

In addition, the full-year forecast for ordinary profit has been revised upward 4.4%, from the previous forecast of 678 million yen to 708 million yen (compared to 430 million yen in the previous period), increasing the growth rate from 57.7% to 64.7%. The company has further increased its previous forecast of record profits for the first time in two years.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow 17.4% from the same period last year, reaching 324 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit surged 2.7 times that of the same period last year, reaching 269 million yen. The operating profit margin drastically improved from 5.2% in the same period last year to 11.6%.

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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
Apr - Sep, 2024 3,865 159 154 81 15.4 35.8 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 4,623 391 384 235 44.1 54.2 Nov 14, 2025 J-GAAP
YoY +19.6% +145.9% +149.4% +190.1% +187.0%

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 4,707 267 260 153 28.7 0 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 4,623 391 384 235 44.1 0 Nov 14, 2025 J-GAAP
Revision Rate -1.8% +46.4% +47.7% +53.6% +53.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 10,410 692 678 410 76.9 24 Aug 12, 2025 J-GAAP
Mar, 2026 New 9,762 723 708 430 80.6 24 Nov 14, 2025 J-GAAP
Revision Rate -6.2% +4.5% +4.4% +4.9% +4.9%

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 4,677 283 276 157 29.5 15 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 5,139 332 324 195 36.6 24 Nov 14, 2025 J-GAAP
YoY +9.9% +17.3% +17.4% +24.2% +24.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,672 526 511 305 57.7 15 May 15, 2024 J-GAAP
Mar, 2025 8,542 442 430 238 44.7 15 May 15, 2025 J-GAAP
Mar, 2026 Guidance 9,762 723 708 430 80.6 24 Nov 14, 2025 J-GAAP
YoY +14.3% +63.6% +64.7% +80.7% +80.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,966 103 101 56 10.6 5.2 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 2,311 -7 -10 -16 -3.0 -0.3 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,366 290 286 173 32.5 12.3 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,287 119 115 67 12.7 5.2 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 2,336 272 269 168 31.5 11.6 Nov 14, 2025 J-GAAP
YoY +18.8% +164.1% +166.3% +200.0% +196.6%

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