BroadBand Security, First Half Ordinary Profit Decreases by 70%, Oct-Dec Ordinary Profit Decreases by 61%

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Wed Feb 12, 2025 3:30 pm JST Earnings

4398 BroadBand Security, Inc. 【J-GAAP】

Earnings Report

BroadBand Security, Inc. <4398> [TSE Std] announced its financial results after the market closed on February 12th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending June 2025 (July to December) significantly dropped 69.9% from the same period last year to 123 million yen. The progress rate toward the full-year plan of 760 million yen was 16.2%, also falling below the five-year average of 50.3%.

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 January to June period (2H) is expected to surge 2.2 times that of the same period last year, reaching 637 million yen.

In the most recent three-month period, from October to December (2Q), the ordinary profit significantly dropped to 130 million yen, a 60.7% decrease compared to the same period last year. The operating profit margin sharply declined from 18.1% in the same period last year to 7.7%.

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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
Jul - Dec, 2022	2,975	333	327	259	59.2	61.9	Feb 13, 2023	J-GAAP
Jul - Dec, 2023	3,292	406	408	271	61.8	58.8	Feb 13, 2024	J-GAAP
Jul - Dec, 2024	3,071	130	123	69	15.7	16.2	Feb 12, 2025	J-GAAP
YoY	-6.7%	-68.0%	-69.9%	-74.5%	-74.6%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Guidance	ー	ー	ー	ー	－	5	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 Results	3,071	130	123	69	15.7	5	Feb 12, 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
Jan - Jun, 2024	3,165	283	286	184	41.8	5	Aug 14, 2024	J-GAAP
Jan - Jun, 2025 Guidance	4,109	640	637	431	98.5	5	Feb 12, 2025	J-GAAP
YoY	+29.8%	+126.1%	+122.7%	+134.2%	+135.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2023	5,904	531	528	416	94.9	10	Aug 10, 2023	J-GAAP
Jun, 2024	6,457	689	694	455	103.4	10	Aug 14, 2024	J-GAAP
Jun, 2025 Guidance	7,180	770	760	500	114.3	10	Aug 14, 2024	J-GAAP
YoY	+11.2%	+11.8%	+9.5%	+9.9%	+10.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,803	327	331	223	50.9	18.1	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	1,684	259	258	174	39.5	15.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,481	24	28	10	2.3	1.6	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,425	3	-7	-11	-2.5	0.2	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	1,646	127	130	80	18.2	7.7	Feb 12, 2025	J-GAAP
YoY	-8.7%	-61.2%	-60.7%	-64.1%	-64.1%