Net Protections (7383) Q1 2026 earnings summary

Executive summary

• Achieved 20.6% year-over-year GMV growth to JPY180.2bn, with operating profit up 180.9% to JPY767mn for Q1 FY3/26; profit attributable to owners of parent up 250.5% to JPY474mn.

• B2B segment GMV surged 43.4% YoY, B2C atone GMV up 65.3% YoY, driven by new and existing merchant transactions.

• Gross profit rose 29.3% YoY, supported by late payment administration fees and strong GMV growth.

• Upward revision of full-year earnings forecast for FY ending March 31, 2026, reflecting better-than-expected Q1 results.

Financial highlights

• Q1 total operating revenue increased 17.3% YoY to JPY6,163mn; gross profit up 29.3% to JPY2,919mn; EBITDA (non-GAAP) rose 75.6% YoY to JPY1,196mn.

• Profit attributable to owners of parent increased 250.5% YoY to JPY474mn.

• Cash and cash equivalents rose to JPY20,113mn as of June 30, 2025, from JPY17,039mn at March 31, 2025.

• Total assets as of June 30, 2025, were JPY79,085mn, up 11.6% from March 31, 2025; equity attributable to owners of parent was JPY19,756mn.

• Basic EPS was 4.77 yen, up from 1.39 yen YoY.

Outlook and guidance

• Full-year operating profit forecast revised upward by 9.2% to JPY2.84bn, reflecting strong Q1 performance.

• Full-year GMV guidance raised to JPY749bn (+0.9%), with gross profit and EBITDA also revised upward.

• FY2026 forecast: total operating revenue of JPY25,500mn (up 10.7%), operating profit of JPY2,840mn (up 35.0%), profit attributable to owners of parent of JPY1,580mn (up 17.0%), and basic EPS of 15.91 yen.

• Three-year plan targets GMV of JPY1,050–1,080bn and operating profit of JPY4bn by FY3/28, with a 25% operating profit CAGR.