DMS INC., The Current Fiscal Year Ordinary Profit Revised Upward by 17%, Dividend Revised Upward by 11 yen

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Thu Oct 24, 2024 3:00 pm JST Earnings

9782 DMS INC. 【J-GAAP】

Earnings Report

DMS INC. <9782> [TSE-S] announced its financial results after the market closed on October 24th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 36.5% from the same period last year to 516 million yen.

However, the full-year ordinary profit has been revised upward by 16.6%, from the previous forecast of 1 billion yen to 1.16 billion yen (compared to 1.4 billion yen in the previous period), and the declining rate is expected to decrease from 29.0% to 17.2%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 8.9% from the same period last year, reaching 650 million yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 75 yen to 86 yen (compared to 79 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 84.8% from the same period last year, reaching 305 million yen. The operating profit margin improved from 2.8% in the same period last year to 4.5%.

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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
Apr - Sep, 2022	14,169	804	822	601	102.7	42.5	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	13,431	793	812	561	95.6	57.6	Oct 26, 2023	J-GAAP
Apr - Sep, 2024	12,477	485	516	352	61.7	44.3	Oct 24, 2024	J-GAAP
YoY	-7.1%	-38.8%	-36.5%	-37.3%	-35.4%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	11,700	330	350	240	42.4	35	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	12,477	485	516	352	61.7	37	Oct 24, 2024	J-GAAP
Revision Rate	+6.6%	+47.0%	+47.4%	+46.7%	+45.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	26,200	950	1,000	700	124.9	75	May 15, 2024	J-GAAP
Mar, 2025 New	26,977	1,105	1,166	812	144.9	86	Oct 24, 2024	J-GAAP
Revision Rate	+3.0%	+16.3%	+16.6%	+16.0%	+16.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	13,472	577	597	958	164.3	54	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,500	620	650	460	82.1	49	Oct 24, 2024	J-GAAP
YoY	+7.6%	+7.5%	+8.9%	-52.0%	-50.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	29,293	1,896	1,933	1,148	195.6	35	May 12, 2023	J-GAAP
Mar, 2024	26,903	1,370	1,409	1,519	260.6	79	May 15, 2024	J-GAAP
Mar, 2025 Guidance	26,977	1,105	1,166	812	144.9	86	Oct 24, 2024	J-GAAP
YoY	+0.3%	-19.3%	-17.2%	-46.5%	-44.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,674	161	165	112	19.1	2.8	Oct 26, 2023	J-GAAP
Oct - Dec, 2023	6,308	240	252	767	131.1	3.8	Jan 25, 2024	J-GAAP
Jan - Mar, 2024	7,164	337	345	191	32.8	4.7	May 15, 2024	J-GAAP
Apr - Jun, 2024	5,936	192	211	144	25.1	3.2	Jul 25, 2024	J-GAAP
Jul - Sep, 2024	6,541	293	305	208	36.5	4.5	Oct 24, 2024	J-GAAP
YoY	+15.3%	+82.0%	+84.8%	+85.7%	+91.0%