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Internetworking and Broadband Consulting, First Half Ordinary Profit Increases by 82%, Jan-Mar Ordinary Profit Increases by 59%
3920 Internetworking and Broadband Consulting Co.,Ltd. 【J-GAAP】
Earnings ReportInternetworking and Broadband Consulting Co.,Ltd. <3920> [TSE Std] announced its financial results after the market closed on May 13th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) expanded 262 million yen, an increase 81.9% compared to the previous period. The progress rate toward the full-year plan of 482 million yen was 54.4%, also surpassing the five-year average of 34.8%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the April to September period (2H) is expected to decrease 17.6% from the previous period to 220 million yen.
In the most recent three-month period, from January to March (2Q), the ordinary profit increased 59.2% from the same period last year, reaching 250 million yen. The operating profit margin jumped from 26.0% in the same period last year to 36.5%.
Note: Since the current fiscal year, the company has transitioned to non-consolidated financial statements.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2022 | 858 | 102 | 116 | 79 | 14.4 | 49.6 | May 12, 2023 | J-GAAP |
| Oct - Mar, 2023 | 974 | 134 | 144 | 11 | 2.1 | 35.0 | May 13, 2024 | J-GAAP |
| Oct - Mar, 2024 | 1,073 | 252 | 262 | 184 | 33.4 | 54.4 | May 13, 2025 | J-GAAP |
| YoY | +10.2% | +88.1% | +81.9% | +1,572.7% | +1,460.3% |
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 | 1,073 | 252 | 262 | 184 | 33.1 | 6 | Apr 25, 2025 | J-GAAP |
| Oct - Mar, 2024 Results | 1,073 | 252 | 262 | 184 | 33.4 | 6 | May 13, 2025 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | 0.0% | 0.0% | +0.8% |
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 | 1,210 | 248 | 267 | 240 | 43.5 | 4 | Nov 14, 2024 | J-GAAP |
| Apr - Sep, 2025 Guidance | 1,327 | 198 | 220 | 174 | 31.3 | 6 | Apr 25, 2025 | J-GAAP |
| YoY | +9.7% | -20.2% | -17.6% | -27.5% | -28.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep, 2023 | 1,900 | 212 | 234 | 70 | 12.7 | 6 | Nov 14, 2023 | J-GAAP |
| Sep, 2024 | 2,184 | 382 | 411 | 251 | 45.5 | 8 | Nov 14, 2024 | J-GAAP |
| Sep, 2025 Guidance | 2,400 | 450 | 482 | 358 | 64.4 | 12 | Nov 14, 2024 | J-GAAP |
| YoY | +9.9% | +17.8% | +17.3% | +42.6% | +41.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2024 | 581 | 151 | 157 | 19 | 3.7 | 26.0 | May 13, 2024 | J-GAAP |
| Apr - Jun, 2024 | 576 | 147 | 153 | 117 | 21.2 | 25.5 | Aug 9, 2024 | J-GAAP |
| Jul - Sep, 2024 | 634 | 101 | 114 | 123 | 22.3 | 15.9 | Nov 14, 2024 | J-GAAP |
| Oct - Dec, 2024 | 419 | 13 | 12 | 10 | 1.9 | 3.1 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 654 | 239 | 250 | 174 | 31.6 | 36.5 | May 13, 2025 | J-GAAP |
| YoY | +12.6% | +58.3% | +59.2% | +815.8% | +753.5% |
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