DIGITAL HOLDINGS,INC., The Current Fiscal Year Ordinary Profit Revised Upward by 20%, The Undetermined Dividend Set at 65 yen

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Wed Nov 6, 2024 3:30 pm JST Earnings

2389 DIGITAL HOLDINGS,INC. 【J-GAAP】

Earnings Report

DIGITAL HOLDINGS,INC. <2389> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) surged by 5.9 times that of the same period last year, reaching 2.77 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 20.3%, from the previous forecast of 1.58 billion yen to 1.9 billion yen (compared to 378 million yen in the previous period), increasing the growth rate from 4.2 times to 5.0 times.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has been revised upward by 16 times, from the previous forecast of 21 million yen to 341 million yen (compared to 927 million yen in the same period of the previous year), and the declining rate is expected to decrease from 97.7% to 63.2%.

At the same time, the company has decided to implement a year-end lump-sum dividend of 65 yen for the current fiscal year, which was previously undecided (compared to 75 yen in the prior term).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 19.1% from the same period last year, reaching 1.21 billion yen. The operating profit margin rose from 19.4% in the same period last year to 25.0%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	12,885	501	501	5,916	300.9	ー	Nov 10, 2022	J-GAAP
Jan - Sep, 2023	11,669	388	470	376	21.5	124.3	Nov 7, 2023	J-GAAP
Jan - Sep, 2024	12,556	1,606	2,773	1,791	102.6	145.9	Nov 6, 2024	J-GAAP
YoY	+7.6%	+313.9%	+490.0%	+376.3%	+376.6%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	7,927	154	21	-176	-10.1	－	Aug 9, 2024	J-GAAP
Jul - Dec, 2024 New	8,627	664	341	-176	-10.1	65	Nov 6, 2024	J-GAAP
Revision Rate	+8.8%	+331.2%	+1,523.8%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	15,400	490	1,580	1,300	74.5	－	Aug 9, 2024	J-GAAP
Dec, 2024 New	16,100	1,000	1,900	1,300	74.5	65	Nov 6, 2024	J-GAAP
Revision Rate	+4.5%	+104.1%	+20.3%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	9,493	1,177	927	616	35.4	75	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	8,627	664	341	-176	-10.1	65	Nov 6, 2024	J-GAAP
YoY	-9.1%	-43.6%	-63.2%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	16,924	-447	-439	5,719	299.3	67	Feb 13, 2023	J-GAAP
Dec, 2023	16,264	616	378	237	13.6	75	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	16,100	1,000	1,900	1,300	74.5	65	Nov 6, 2024	J-GAAP
YoY	-1.0%	+62.3%	+402.6%	+448.5%	+447.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,898	949	1,019	755	43.2	19.4	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	4,595	228	-92	-139	-8.0	5.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	4,263	524	1,269	704	40.3	12.3	May 9, 2024	J-GAAP
Apr - Jun, 2024	3,210	-188	290	772	44.2	-5.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	5,083	1,270	1,214	315	18.1	25.0	Nov 6, 2024	J-GAAP
YoY	+3.8%	+33.8%	+19.1%	-58.3%	-58.2%