DD GROUP Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 9%, Adds to Record High Profit Forecast

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Tue Oct 15, 2024 3:30 pm JST Earnings

3073 DD GROUP Co., Ltd. 【J-GAAP】

Earnings Report

DD GROUP Co., Ltd. <3073> [TSE-P] announced its financial results after the market closed on October 15th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 14.4% from the same period last year, reaching 1.8 billion yen, resulting in an increase in profits compared to the previous forecast of a 4.8% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 9.5%, from the previous forecast of 3.37 billion yen to 3.69 billion yen (compared to 3.13 billion yen in the previous period), increasing the growth rate from 7.6% to 17.9%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to grow by 21.3% from the same period last year, reaching 1.88 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit increased by 46.5% from the same period last year, reaching 721 million yen. The operating profit margin improved from 6.3% in the same period last year to 7.9%.

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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	14,914	-505	-89	373	15.1	ー	Oct 14, 2022	J-GAAP
Mar - Aug, 2023	18,218	1,671	1,575	1,421	73.0	50.3	Oct 13, 2023	J-GAAP
Mar - Aug, 2024	19,202	1,787	1,802	1,204	60.9	48.8	Oct 15, 2024	J-GAAP
YoY	+5.4%	+6.9%	+14.4%	-15.3%	-16.5%

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	18,890	1,540	1,500	1,440	79.5	0	Apr 12, 2024	J-GAAP
Mar - Aug, 2024 Results	19,202	1,787	1,802	1,204	60.9	0	Oct 15, 2024	J-GAAP
Revision Rate	+1.7%	+16.0%	+20.1%	-16.4%	-23.3%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	38,470	3,500	3,370	2,480	136.9	－	Apr 12, 2024	J-GAAP
Feb, 2025 New	38,780	3,760	3,690	2,640	145.7	－	Oct 15, 2024	J-GAAP
Revision Rate	+0.8%	+7.4%	+9.5%	+6.5%	+6.5%

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	18,861	1,572	1,556	1,994	103.7	0	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	19,578	1,973	1,888	1,436	79.3	－	Oct 15, 2024	J-GAAP
YoY	+3.8%	+25.5%	+21.3%	-28.0%	-23.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	32,235	467	838	875	37.3	0	Apr 14, 2023	J-GAAP
Feb, 2024	37,079	3,243	3,131	3,415	177.6	0	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	38,780	3,760	3,690	2,640	145.7	－	Oct 15, 2024	J-GAAP
YoY	+4.6%	+15.9%	+17.9%	-22.7%	-17.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	8,940	567	492	411	21.1	6.3	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	9,175	637	617	410	20.8	6.9	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	9,686	935	939	1,584	82.4	9.7	Apr 12, 2024	J-GAAP
Mar - May, 2024	9,732	1,041	1,081	757	39.1	10.7	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	9,470	746	721	447	22.6	7.9	Oct 15, 2024	J-GAAP
YoY	+5.9%	+31.6%	+46.5%	+8.8%	+7.2%