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Net Year Research Memo (9): Aim to maintain stable and continuous dividends at a dividend payout ratio of around 20%.
Net Year Group <3622> is implementing dividends as a shareholder return strategy. The basic policy for dividend policy is to carry out stable and continuous dividends from the fiscal year ending March 2023 and to decide on a policy of paying dividends with a level of about 20% for dividend payout. Based on the same policy, the dividend per share for the fiscal year ending March 2024 was increased by 0.25 yen from the previous year to 6.0 yen (39.6% dividend payout ratio), and the same amount as the previous year of 6.0 yen (20.5% dividend payout ratio) is planned for the fiscal year ending March 2025.
Net Year Research Memo (7): Aim for medium- to long-term growth through strengthened partnership with NTT Data (1).
■Future Outlook 2. Global strategy:Net Year Group<3622> is promoting a growth strategy focusing on 1) the strengthening of competitive advantages through the expansion of target areas for customer contact improvement, 2) expansion of key customers through multifaceted service offerings, 3) stable customer creation through strengthened collaboration with NTT DATA, 4) expansion of services provided, and 5) securing and fostering human resources.
Net Year Research Memo (5): The financial content is sound, and the M&A alliance strategy is being promoted for business expansion.
Performance trend 2. Financial condition and management indicators The financial condition of Net Year Group (3622) as of the end of March 2024 was a total asset of JPY 3.188 billion, an increase of JPY 11 million from the previous period-end. The main factors for the increase and decrease were a decrease of JPY 59 million in cash and deposits and a decrease of JPY 12 million in work in progress in current assets. In fixed assets, investment securities increased by JPY 90 million, while deferred tax assets decreased by JPY 10 million. Total liabilities decreased by JPY 54 million from the previous period-end to JPY 471 million. Accounts payable is 1.
Net Year Research Memo (4): Decreased revenue and profit in March 2024 due to decrease in sales to NTT Group.
Performance trends: 1. Overview of the performance for the fiscal year ending March 2024: Net Year Group's (3622) performance for the fiscal year ending March 2024 resulted in a decrease in revenue by 7.4% compared to the previous year, with ¥3,630 million in revenue. Operating profit decreased by 48.5% to ¥144 million, ordinary profit decreased by 48.6% to ¥144 million, and net income for the fiscal year decreased by 47.0% to ¥106 million. Although the initial plan was to aim for an increase in revenue and profit, the company experienced a decrease in revenue and profit due to the expiration or reduction of existing projects in accordance with the customers' convenience, etc.
Net Year Research Memo (3): Strength in Design and Planning to Achieve the Ideal CX.
Business Overview 2. Business Content and Strengths Net Year Group <3622> defines digital marketing as a marketing method that centers on owned media in corporate activities, and collaborates with existing media, sales, call centers, stores, etc. Proposed and executed new digital marketing strategies to clients such as companies and municipalities, promoting clients' brand value improvement, sales growth, and business transformation.
Net Year Research Memo (2): Expansion of digital marketing support business, joined the NTT Data Group in 2019.
■ Business Overview 1. Company Overview Netyear Group <3622> is engaged in the SIPS (Strategic Internet Professional Services) business that supports DX and digital marketing utilizing Internet technology, with a vision of "creating the future of business digitally and with the user. Everything starts with user experience." Specifically,
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