kabutan

Medical Net , First Half Net Income Turns to Loss

Tue Jan 14, 2025 3:30 pm JST Earnings

3645 Medical Net , Inc. 【J-GAAP】

Earnings Report

Medical Net , Inc. <3645> [TSE Growth] announced its financial results after the market closed on January 14th (15:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending May 2025 (June to November) turned into a loss of 17 million yen (compared to a profit of 115 million yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 5 million yen

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the December to May period (2H) is expected to turn into a profit of 153 million yen (compared to a loss of 110 million yen in the same period last year).

In the most recent three-month period, from September to November (2Q), the consolidated net income significantly dropped to 18 million yen, a 80.9% decrease compared to the same period last year. The operating profit margin sharply declined from 11.8% in the same period last year to 3.2%.

Kabutan News

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
Jun - Nov, 2022 1,997 177 205 116 13.1 47.6 Jan 13, 2023 J-GAAP
Jun - Nov, 2023 2,342 169 194 115 12.8 60.2 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 2,912 47 67 -17 -1.9 22.0 Jan 14, 2025 J-GAAP
YoY +24.3% -72.2% -65.5% － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Guidance 3,088 80 67 -5 -0.6 0 Jul 12, 2024 J-GAAP
Jun - Nov, 2024 Results 2,912 47 67 -17 -1.9 － Jan 14, 2025 J-GAAP
Revision Rate -5.7% -41.3% 0.0% -240.0% -243.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 2,910 129 128 -110 -14.5 3 Jul 12, 2024 J-GAAP
Dec - May, 2024 Guidance 3,488 283 238 153 17.5 3 Jan 14, 2025 J-GAAP
YoY +19.9% +119.4% +85.9% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 4,500 379 431 116 13.0 2.50 Jul 18, 2023 J-GAAP
May, 2024 5,252 298 322 5 0.7 3 Jul 12, 2024 J-GAAP
May, 2025 Guidance 6,400 330 305 136 15.6 3 Jul 12, 2024 J-GAAP
YoY +21.9% +10.7% -5.3% +2,620.0% +2,260.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 1,243 147 150 94 10.5 11.8 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,313 62 57 -69 -7.7 4.7 Apr 12, 2024 J-GAAP
Mar - May, 2024 1,597 67 71 -41 -5.4 4.2 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 1,358 -3 -3 -35 -3.9 -0.2 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 1,554 50 70 18 2.0 3.2 Jan 14, 2025 J-GAAP
YoY +25.0% -66.0% -53.3% -80.9% -80.9%

Related Articles