DIP corporation, First Half Ordinary Profit Increases by 21%, Current Fiscal Year Dividend Revised Upward by 7 yen

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Tue Oct 15, 2024 3:00 pm JST Earnings

2379 DIP corporation 【J-GAAP】

Earnings Report

DIP corporation <2379> [TSE-P] announced its financial results after the market closed on October 15th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 20.8% from the same period last year, reaching 7.42 billion yen. The progress rate against the 13.2 billion yen full-year plan was 56.2%, also surpassing the five-year average of 51.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to decrease by 10.7% from the same period last year to 5.78 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 88 yen to 95 yen (compared to 88 yen in the previous period).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 19.4% from the same period last year, reaching 3.42 billion yen. The operating profit margin rose from 23.1% in the same period last year to 26.6%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Mar - Aug, 2022	23,819	5,783	5,564	3,692	66.2	48.0	Oct 13, 2022	J-GAAP
Mar - Aug, 2023	26,545	6,232	6,142	4,366	78.6	48.7	Oct 11, 2023	J-GAAP
Mar - Aug, 2024	28,424	7,516	7,420	5,046	93.5	56.2	Oct 15, 2024	J-GAAP
YoY	+7.1%	+20.6%	+20.8%	+15.6%	+18.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	ー	ー	ー	ー	－	40	Apr 12, 2024	J-GAAP
Mar - Aug, 2024 Results	28,424	7,516	7,420	5,046	93.5	47	Oct 15, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	57,600	13,400	13,200	8,900	170.1	88	Apr 12, 2024	J-GAAP
Feb, 2025 New	57,600	13,400	13,200	8,900	170.1	95	Oct 15, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	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
Sep - Feb, 2023	27,237	6,529	6,476	4,684	84.6	48	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	29,176	5,884	5,780	3,854	73.7	48	Oct 15, 2024	J-GAAP
YoY	+7.1%	-9.9%	-10.7%	-17.7%	-12.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	49,355	11,538	11,599	7,935	142.0	72	Apr 14, 2023	J-GAAP
Feb, 2024	53,782	12,761	12,618	9,050	163.4	88	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	57,600	13,400	13,200	8,900	170.1	95	Oct 15, 2024	J-GAAP
YoY	+7.1%	+5.0%	+4.6%	-1.7%	+4.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	12,518	2,890	2,866	2,213	39.9	23.1	Oct 11, 2023	J-GAAP
Sep - Nov, 2023	13,710	3,586	3,567	2,464	44.5	26.2	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	13,527	2,943	2,909	2,220	40.1	21.8	Apr 12, 2024	J-GAAP
Mar - May, 2024	15,279	4,023	3,997	2,804	51.4	26.3	Jul 9, 2024	J-GAAP
Jun - Aug, 2024	13,145	3,493	3,423	2,242	41.6	26.6	Oct 15, 2024	J-GAAP
YoY	+5.0%	+20.9%	+19.4%	+1.3%	+4.2%