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DOSHISHA CO.,LTD., First Half Ordinary Profit Revised Downward to an Unexpected 1%Decrease

Thu Oct 31, 2024 3:00 pm JST Earnings

7483 DOSHISHA CO.,LTD. 【J-GAAP】

Earnings Report

DOSHISHA CO.,LTD. <7483> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 4.32 billion yen, a 1.4% decrease compared to the same period last year, resulting in a decrease in profits compared to the previous forecast of a 2.6% increase.

The progress rate against the 9.1 billion yen full-year plan was 47.5%, also falling below the five-year average of 51.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 18.6% from the same period last year, reaching 4.77 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 1.8 billion yen, an increase of 1.0% compared to the same period last year. However, the operating profit margin remained almost flat, changing from 6.9% in the same period last year to 6.6%.

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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 52,404 3,839 3,954 2,641 77.1 47.4 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 51,860 4,266 4,384 2,931 85.9 52.1 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 54,508 4,182 4,322 2,884 84.0 47.5 Oct 31, 2024 J-GAAP
YoY +5.1% -2.0% -1.4% -1.6% -2.2%

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 54,100 4,450 4,500 2,950 86.4 40 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 54,508 4,182 4,322 2,884 84.0 40 Oct 31, 2024 J-GAAP
Revision Rate +0.8% -6.0% -4.0% -2.2% -2.8%

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 53,964 3,660 4,028 2,853 83.6 40 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 55,492 4,818 4,778 3,116 89.3 40 Oct 31, 2024 J-GAAP
YoY +2.8% +31.6% +18.6% +9.2% +6.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 105,709 8,052 8,342 5,621 164.3 65 May 10, 2023 J-GAAP
Mar, 2024 105,824 7,926 8,412 5,784 169.4 75 May 9, 2024 J-GAAP
Mar, 2025 Guidance 110,000 9,000 9,100 6,000 172.0 80 May 9, 2024 J-GAAP
YoY +3.9% +13.6% +8.2% +3.7% +1.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 25,498 1,749 1,788 1,193 35.0 6.9 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 32,847 2,936 3,001 2,039 59.7 8.9 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 21,117 724 1,027 814 23.8 3.4 May 9, 2024 J-GAAP
Apr - Jun, 2024 27,869 2,416 2,516 1,678 49.2 8.7 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 26,639 1,766 1,806 1,206 35.1 6.6 Oct 31, 2024 J-GAAP
YoY +4.5% +1.0% +1.0% +1.1% +0.5%

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