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XNET, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 25%, Oct-Dec Ordinary Profit Decreases by 16%

Fri Jan 31, 2025 4:00 pm JST Earnings

4762 XNET Corporation 【J-GAAP】

Earnings Report

XNET Corporation <4762> [TSE Std] announced its financial results after the market closed on January 31st (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 25.0% from the same period last year to 627 million yen. The progress rate toward the full-year plan of 850 million yen was 73.8%, almost the same as the five-year average of 72.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to decrease 15.8% from the same period last year to 223 million yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit decreased to 236 million yen, a 15.7% decrease compared to the same period last year. The operating profit margin decreased from 19.4% in the same period last year to 17.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 3,996 715 741 502 60.8 75.2 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 4,162 810 836 567 68.7 75.9 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 3,961 640 627 421 91.2 73.8 Jan 31, 2025 J-GAAP
YoY -4.8% -21.0% -25.0% -25.7% +32.8%

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 2,785 528 545 364 44.1 15 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,662 475 459 308 73.7 22.50 Oct 31, 2024 J-GAAP
YoY -4.4% -10.0% -15.8% -15.4% +67.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,357 950 985 694 84.0 30 Apr 28, 2023 J-GAAP
Mar, 2024 5,547 1,066 1,101 741 89.7 30 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 5,300 880 850 570 136.4 45 Apr 30, 2024 J-GAAP
YoY -4.5% -17.4% -22.8% -23.1% +52.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,400 272 280 190 23.0 19.4 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 1,385 256 265 174 21.1 18.5 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 1,333 196 179 119 21.6 14.7 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 1,305 209 212 143 29.6 16.0 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 1,323 235 236 159 34.4 17.8 Jan 31, 2025 J-GAAP
YoY -5.5% -13.6% -15.7% -16.3% +49.6%

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