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MEDINET, First Half Ordinary Profit Loss Widens, Jan-Mar Ordinary Profit Loss Widens

Tue May 13, 2025 3:30 pm JST Earnings

2370 MEDINET Co., Ltd. 【J-GAAP】

Earnings Report

MEDINET Co., Ltd. <2370> [TSE Growth] announced its financial results after the market closed on May 13th (15:30). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) expanded to a loss of 710 million yen (compared to a loss of 632 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary loss for the April to September period (2H) is expected to expand to a loss of 775 million yen (compared to a loss of 629 million yen in the same period last year).

In the most recent three-month period, from January to March (2Q), the ordinary loss expanded to a loss of 359 million yen (compared to a loss of 341 million yen in the same period last year). However, the operating profit/loss margin improved from -241.7% in the same period last year to -186.5%.

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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
Oct - Mar, 2022 349 -671 -669 -676 -3.2 ー May 11, 2023 J-GAAP
Oct - Mar, 2023 399 -658 -632 -634 -2.6 ー May 10, 2024 J-GAAP
Oct - Mar, 2024 404 -755 -710 -705 -2.7 ー May 13, 2025 J-GAAP
YoY +1.3% -14.7% -12.3% -11.2% -4.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance ー ー ー ー － 0 Nov 13, 2024 J-GAAP
Oct - Mar, 2024 Results 404 -755 -710 -705 -2.7 0 May 13, 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
Apr - Sep, 2024 369 -726 -629 -642 -2.5 0 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 Guidance 526 -736 -775 -784 -3.0 0 May 13, 2025 J-GAAP
YoY +42.5% -1.4% -23.2% -22.1% -16.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 661 -1,425 -1,419 -1,437 -6.7 0 Nov 10, 2023 J-GAAP
Sep, 2024 768 -1,384 -1,261 -1,276 -5.0 0 Nov 13, 2024 J-GAAP
Sep, 2025 Guidance 930 -1,491 -1,485 -1,489 -5.6 0 Nov 13, 2024 J-GAAP
YoY +21.1% -7.7% -17.8% -16.7% -11.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 151 -365 -341 -342 -1.4 -241.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 190 -338 -316 -317 -1.3 -177.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 179 -388 -313 -325 -1.3 -216.8 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 204 -382 -351 -345 -1.3 -187.3 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 200 -373 -359 -360 -1.4 -186.5 May 13, 2025 J-GAAP
YoY +32.5% -2.2% -5.3% -5.3% +1.4%

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