Netyear Group, The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

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Fri Jan 17, 2025 3:30 pm JST Revision

3622 Netyear Group Corporation 【J-GAAP】

Guidance Update Report

Netyear Group Corporation <3622> [TSE Growth] announced a performance revision after the market closed on January 17th (15:30). The ordinary profit/loss (non-consolidated) for the fiscal year ending March 2025 has been revised downward from an expected profit of 299 million yen to a loss of 1 million yen (compared to a profit of 144 million yen in the previous period), turning to a loss outlook.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (2H) ordinary profit has decreased 83.8%, from the previous forecast of 358 million yen to 58 million yen (compared to 180 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 67.8% decrease in profit.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	2,598	359	358	247	35.3	6	Oct 31, 2024	J-GAAP
Oct - Mar, 2024 New	1,798	59	58	38	5.4	6	Jan 17, 2025	J-GAAP
Revision Rate	-30.8%	-83.6%	-83.8%	-84.6%	-84.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	4,100	300	299	115	16.4	6	Oct 31, 2024	J-GAAP
Mar, 2025 New	3,300	0	-1	-94	-13.4	6	Jan 17, 2025	J-GAAP
Revision Rate	-19.5%	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	1,926	180	180	133	19.0	6	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,798	59	58	38	5.4	6	Jan 17, 2025	J-GAAP
YoY	-6.6%	-67.2%	-67.8%	-71.4%	-71.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,919	281	280	200	28.6	5.75	Apr 28, 2023	J-GAAP
Mar, 2024	3,630	144	144	106	15.2	6	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	3,300	0	-1	-94	-13.4	6	Jan 17, 2025	J-GAAP
YoY	-9.1%	－	－	－	－