Net Protections (7383) Q4 2026 earnings summary

Executive summary

• GMV rose 19.1% year-over-year to JPY 764.3 billion, with operating profit up 35.4% to JPY 2.84 billion and profit attributable to owners up 28.3% to JPY 1.73 billion.

• Growth was driven by increased transaction volume from existing merchants, new merchant acquisitions, and strong expansion in B2C atone and B2B services, especially in digital markets.

• B2C atone GMV surged 51.7% YoY, while B2B NP Kakebarai GMV grew 31.0% YoY; B2C atone and B2B services were primary growth drivers.

Financial highlights

• Total operating revenue increased 9.5% YoY to JPY 25.2 billion; gross profit rose 14.3% to JPY 11.98 billion.

• EBITDA (non-GAAP) was JPY 4.63 billion, up 23.5% YoY.

• Q4 GMV was JPY 193.5 billion (+18.3% YoY), with gross profit of JPY 2.89 billion (+9.4% YoY).

• SG&A expenses for Q4 were JPY 2.69 billion, with marketing investments exceeding plan by JPY 60 million.

• Cash and cash equivalents at year-end were JPY 20.2 billion, up from JPY 17.0 billion.

Outlook and guidance

• FY3/27 forecast: GMV of JPY 890.0 billion (+16.4% YoY), operating profit of JPY 3.6 billion (+26.4%), and EPS of 22.01 yen (+26.2%).

• Three-year plan targets GMV of JPY 1.4 trillion and operating profit of JPY 6.0 billion by FY3/29 (CAGR 22% and 28%, respectively).

• Strategic focus includes expanding B2C atone via PSP partnerships and growing B2B through major merchant acquisition.