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inspec, The Current Fiscal Year Net Income Revised Downward to a Loss, Dividend Continues No Dividend Policy

Fri Mar 14, 2025 3:30 pm JST Earnings

6656 inspec Inc. 【J-GAAP】

Earnings Report

inspec Inc. <6656> [TSE Std] announced its financial results after the market closed on March 14th (15:30). The net loss (non-consolidated) for the cumulative third quarter of the fiscal year ending April 2025 (May 2024 to January 2025) was a reduced loss of 322 million yen (compared to a loss of 460 million yen in the same period last year).

However, the full-year net income/loss has been revised downward from an expected profit of 80 million yen to a loss of 150 million yen (compared to a loss of 353 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 net income/loss for the November to April period (2H) has been revised downward from an expected profit of 70 million yen to a loss of 160 million yen (compared to a profit of 10 million yen in the same period of the previous year), turning to a loss outlook.

At the same time, the plan to pay a year-end lump-sum dividend of 3 yen has been abandoned, and the policy has been set to continue with no dividends.

In the most recent three-month period, from November to January (3Q), the net loss expanded to a loss of 332 million yen (compared to a loss of 97 million yen in the same period last year). However, the operating profit/loss margin drastically improved from -23.8% in the same period last year to -16.0%.

Kabutan News

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
May - Jan, 2022 1,039 -198 -246 -244 -62.1 ー Mar 10, 2023 J-GAAP
May - Jan, 2023 459 -412 -435 -460 -115.0 ー Mar 8, 2024 J-GAAP
May - Jan, 2024 1,368 -57 -71 -322 -80.5 ー Mar 14, 2025 J-GAAP
YoY +198.0% +86.2% +83.7% +30.0% +30.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2024 Prev 1,345 99 87 70 17.5 3 Dec 6, 2024 J-GAAP
Nov - Apr, 2024 New 1,195 99 87 -160 -39.9 0 Mar 14, 2025 J-GAAP
Revision Rate -11.2% 0.0% 0.0% － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2025 Prev 2,350 100 100 80 20.0 3 Jun 14, 2024 J-GAAP
Apr, 2025 New 2,200 100 100 -150 -37.4 0 Mar 14, 2025 J-GAAP
Revision Rate -6.4% 0.0% 0.0% － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2023 1,512 107 91 10 2.5 0 Jun 14, 2024 J-GAAP
Nov - Apr, 2024 Guidance 1,195 99 87 -160 -39.9 0 Mar 14, 2025 J-GAAP
YoY -21.0% -7.5% -4.4% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2023 2,290 106 81 78 20.0 3 Jun 9, 2023 J-GAAP
Apr, 2024 1,668 -233 -263 -353 -88.3 0 Jun 14, 2024 J-GAAP
Apr, 2025 Guidance 2,200 100 100 -150 -37.4 0 Mar 14, 2025 J-GAAP
YoY +31.9% － － +57.5% +57.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2023 303 -72 -81 -97 -24.3 -23.8 Mar 8, 2024 J-GAAP
Feb - Apr, 2024 1,209 179 172 107 26.8 14.8 Jun 14, 2024 J-GAAP
May - Jul, 2024 225 -115 -124 -127 -31.8 -51.1 Sep 11, 2024 J-GAAP
Aug - Oct, 2024 780 116 137 137 34.4 14.9 Dec 6, 2024 J-GAAP
Nov - Jan, 2024 363 -58 -84 -332 -83.0 -16.0 Mar 14, 2025 J-GAAP
YoY +19.8% +19.4% -3.7% -242.3% -242.1%

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