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

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%

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