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XNET, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 13%, Dividend Revised Upward by 2.5 Yen
4762 XNET Corporation 【J-GAAP】
Earnings ReportXNET Corporation <4762> [TSE Std] announced its financial results after the market closed on January 30th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 16.3% from the same period last year, reaching 729 million yen.
In addition, the full-year forecast for ordinary profit has been revised upward 12.5%, from the previous forecast of 880 million yen to 990 million yen (compared to 849 million yen in the previous period), increasing the growth rate from 3.7% to 16.6%.
Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (second half) is expected to increase 27.6%, from the previous forecast of 398 million yen to 508 million yen (compared to 458 million yen in the same period of the previous year), turning to a 10.9% increase in the ordinary profit outlook.
In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 45 yen to 47.5 yen (compared to 45 yen in the previous period).
In the most recent three-month period, from October to December (3Q), the ordinary profit grew 4.7% from the same period last year, reaching 247 million yen. However, the operating profit margin decreased from 17.8% in the same period last year to 17.4%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 4,162 | 810 | 836 | 567 | 68.7 | 75.9 | Jan 31, 2024 | J-GAAP |
| Apr - Dec, 2024 | 3,961 | 640 | 627 | 421 | 91.2 | 73.9 | Jan 31, 2025 | J-GAAP |
| Apr - Dec, 2025 | 4,179 | 741 | 729 | 349 | 83.6 | 73.6 | Jan 30, 2026 | J-GAAP |
| YoY | +5.5% | +15.8% | +16.3% | -17.1% | -8.3% |
Guidance Update
Second Half Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2025 Prev | 2,834 | 405 | 398 | 254 | 60.8 | 22.50 | Oct 31, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 2,834 | 505 | 508 | 334 | 79.9 | 25 | Jan 30, 2026 | J-GAAP |
| Revision Rate | 0.0% | +24.7% | +27.6% | +31.5% | +31.5% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 5,600 | 900 | 880 | 440 | 105.3 | 45 | Jul 31, 2025 | J-GAAP |
| Mar, 2026 New | 5,600 | 1,000 | 990 | 520 | 124.4 | 47.50 | Jan 30, 2026 | J-GAAP |
| Revision Rate | 0.0% | +11.1% | +12.5% | +18.2% | +18.2% |
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 | 2,662 | 455 | 458 | 319 | 70.7 | 22.50 | Apr 30, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 2,834 | 505 | 508 | 334 | 79.9 | 25 | Jan 30, 2026 | J-GAAP |
| YoY | +6.5% | +11.0% | +10.9% | +4.7% | +13.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 5,547 | 1,066 | 1,101 | 741 | 89.7 | 30 | Apr 30, 2024 | J-GAAP |
| Mar, 2025 | 5,300 | 860 | 849 | 581 | 128.7 | 45 | Apr 30, 2025 | J-GAAP |
| Mar, 2026 Guidance | 5,600 | 1,000 | 990 | 520 | 124.4 | 47.50 | Jan 30, 2026 | J-GAAP |
| YoY | +5.7% | +16.3% | +16.6% | -10.5% | -3.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 1,323 | 235 | 236 | 159 | 34.4 | 17.8 | Jan 31, 2025 | J-GAAP |
| Jan - Mar, 2025 | 1,339 | 220 | 222 | 160 | 35.5 | 16.4 | Apr 30, 2025 | J-GAAP |
| Apr - Jun, 2025 | 1,352 | 230 | 231 | 156 | 37.4 | 17.0 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 1,414 | 265 | 251 | 30 | 7.2 | 18.7 | Oct 31, 2025 | J-GAAP |
| Oct - Dec, 2025 | 1,413 | 246 | 247 | 163 | 39.1 | 17.4 | Jan 30, 2026 | J-GAAP |
| YoY | +6.8% | +4.7% | +4.7% | +2.5% | +13.4% |
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