DVx Inc., First Half Ordinary Profit Decreases by 47%

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Wed Oct 30, 2024 3:00 pm JST Earnings

3079 DVx Inc. 【J-GAAP】

Earnings Report

DVx Inc. <3079> [TSE-S] announced its financial results after the market closed on October 30th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 46.7% from the same period last year to 176 million yen, fell short of the previous forecast of 221 million yen.

The progress rate against the 668 million yen full-year plan was 26.3%, also falling below the five-year average of 41.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to expand by 48.2% from the same period last year, reaching 492 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit significantly dropped to 46 million yen, a 65.7% decrease compared to the same period last year. The operating profit margin worsened from 1.2% in the same period last year to 0.4%.

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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	23,618	598	614	416	40.2	45.4	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	22,632	323	330	233	22.4	49.8	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	24,033	177	176	115	11.1	26.3	Oct 30, 2024	J-GAAP
YoY	+6.2%	-45.2%	-46.7%	-50.6%	-50.4%

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	23,293	221	221	148	14.1	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	24,033	177	176	115	11.1	0	Oct 30, 2024	J-GAAP
Revision Rate	+3.2%	-19.9%	-20.4%	-22.3%	-21.4%

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	23,219	330	332	-61	-5.9	50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	24,586	491	492	329	31.4	50	Oct 30, 2024	J-GAAP
YoY	+5.9%	+48.8%	+48.2%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	47,483	1,340	1,352	936	90.2	30	May 15, 2023	J-GAAP
Mar, 2024	45,851	653	662	172	16.6	50	May 15, 2024	J-GAAP
Mar, 2025 Guidance	48,619	668	668	444	42.4	50	May 15, 2024	J-GAAP
YoY	+6.0%	+2.3%	+0.9%	+158.1%	+155.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	11,028	132	134	102	9.8	1.2	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	11,611	127	125	-119	-11.4	1.1	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	11,608	203	207	58	5.6	1.7	May 15, 2024	J-GAAP
Apr - Jun, 2024	12,355	127	130	86	8.3	1.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	11,678	50	46	29	2.8	0.4	Oct 30, 2024	J-GAAP
YoY	+5.9%	-62.1%	-65.7%	-71.6%	-71.4%