Net Protections (7383) investor relations material

Executive summary

• Group GMV rose 14.9% year-over-year to JPY 207.1 billion, with double-digit growth in B2C and B2B segments.

• Operating profit increased 9.5% year-over-year to JPY 840 million, and net profit attributable to owners of parent surged 26.4% year-over-year to JPY 599 million.

• All key financials are tracking above initial forecasts, with strong progress toward full-year targets.

• All key non-GAAP metrics (GMV, gross profit, EBITDA) showed double-digit year-over-year growth, reflecting robust business momentum.

• The company operates a single segment, Payment Solutions, with strong performance across B2C and B2B services.

Financial highlights

• Total operating revenue grew 6.8% year-over-year to JPY 6.58 billion.

• Gross profit increased 10.6% year-over-year to JPY 3.23 billion.

• EBITDA rose 9.7% year-over-year to JPY 1.31 billion.

• SG&A expenses were JPY 2.52 billion, with the SG&A ratio to GMV decreasing to 1.22%.

• Cash and cash equivalents increased to JPY 24.99 billion as of June 30, 2026.

Outlook and guidance

• Q1 results represent over 50% progress toward H1 targets and about 23% of full-year forecasts.

• FY3/29 targets: GMV of JPY 1.4 trillion (CAGR 22%) and operating profit of JPY 6.0 billion (CAGR 28%).

• Service-level GMV CAGR targets: atone 60%, NP Kakebarai 25%, NP Atobarai and others 10%.

• FY2027 full-year revenue forecast is JPY 27.8 billion (+10.3% YoY), with profit attributable to owners projected at JPY 2.19 billion (+26.4%).

• GMV for FY2027 expected to reach JPY 890 billion (+16.4% YoY); EBITDA forecasted at JPY 13.6 billion (+13.5%).