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NETSTARS Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

Thu Nov 14, 2024 3:30 pm JST Earnings

5590 NETSTARS Co.,Ltd. 【J-GAAP】

Earnings Report

NETSTARS Co.,Ltd. <5590> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was a reduced loss of 138 million yen (compared to a loss of 170 million yen in the same period last year).

However, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 201 million yen to a loss of 92 million yen (compared to a loss of 329 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has downwardly by 72.5%, from the previous forecast of 404 million yen to 111 million yen (compared to a loss of 178 million yen in the same period of the previous year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a profit of profit of 65 million yen (compared to a loss of 19 million yen in the same period last year). The operating profit/loss margin drastically improved from -1.5% in the same period last year to 4.9%.

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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
Jan - Sep, 2023 2,832 -158 -170 -179 -11.2 ー Nov 14, 2023 J-GAAP
Jan - Sep, 2024 2,723 -209 -138 -151 -9.1 ー Nov 14, 2024 J-GAAP
YoY -3.8% -32.3% +18.8% +15.6% +19.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 2,932 359 404 365 21.9 0 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 New 2,219 92 111 109 6.5 0 Nov 14, 2024 J-GAAP
Revision Rate -24.3% -74.4% -72.5% -70.1% -70.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 4,650 101 201 150 9.0 0 Feb 14, 2024 J-GAAP
Dec, 2024 New 3,937 -166 -92 -106 -6.4 0 Nov 14, 2024 J-GAAP
Revision Rate -15.3% － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 1,922 -178 -178 -193 -12.0 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,219 92 111 109 6.5 0 Nov 14, 2024 J-GAAP
YoY +15.5% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 3,720 -321 -329 -347 -21.5 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 3,937 -166 -92 -106 -6.4 0 Nov 14, 2024 J-GAAP
YoY +5.8% +48.3% +72.0% +69.5% +70.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,034 -15 -19 -25 -1.6 -1.5 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 888 -163 -159 -168 -10.4 -18.4 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 826 -158 -163 -165 -9.9 -19.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 892 -100 -40 -50 -3.0 -11.2 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,005 49 65 64 3.9 4.9 Nov 14, 2024 J-GAAP
YoY -2.8% － － － －

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