Drecom Co.,Ltd., First Half Ordinary Profit Turns to Loss, Financial results for changed to Undetermined

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Tue Oct 29, 2024 3:00 pm JST Earnings

3793 Drecom Co.,Ltd. 【J-GAAP】

Earnings Report

Drecom Co.,Ltd. <3793> [TSE-G] announced its financial results after the market closed on October 29th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 354 million yen (compared to a profit of 453 million yen in the same period last year).

In addition, the company has withdrawn its previous forecast of 900 million yen in consolidated ordinary profit for and has changed it to undetermined.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 266 million yen (compared to a profit of 451 million yen in the same period last year). The operating profit/loss margin drastically worsened from 16.9% in the same period last year to -13.1%.

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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	5,800	1,607	1,547	1,056	37.1	70.6	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	5,091	472	453	-169	-5.9	57.1	Oct 26, 2023	J-GAAP
Apr - Sep, 2024	4,018	-315	-354	-1,022	-35.7	ー	Oct 29, 2024	J-GAAP
YoY	-21.1%	－	－	-504.7%	-500.7%

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	ー	ー	ー	ー	－	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	4,018	-315	-354	-1,022	-35.7	0	Oct 29, 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
Mar, 2025 Prev	13,500	1,000	900	400	13.9	－	May 13, 2024	J-GAAP
Mar, 2025 New	ー	ー	ー	ー	－	－	Oct 29, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	4,688	431	340	273	9.6	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	－	May 13, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,800	2,281	2,192	1,159	40.7	5	May 11, 2023	J-GAAP
Mar, 2024	9,779	903	793	104	3.6	0	May 13, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	ー	ー	－	－	Oct 29, 2024	J-GAAP
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,745	464	451	272	9.6	16.9	Oct 26, 2023	J-GAAP
Oct - Dec, 2023	2,546	317	276	266	9.4	12.5	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	2,142	114	64	7	0.3	5.3	May 13, 2024	J-GAAP
Apr - Jun, 2024	2,122	-67	-88	-153	-5.4	-3.2	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	1,896	-248	-266	-869	-30.3	-13.1	Oct 29, 2024	J-GAAP
YoY	-30.9%	－	－	－	－