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DNA Chip Research Inc., First Half Ordinary Profit Loss Narrows, July-September Ordinary Profit Loss Narrows

Thu Nov 7, 2024 4:00 pm JST Earnings

2397 DNA Chip Research Inc. 【J-GAAP】

Earnings Report

DNA Chip Research Inc. <2397> [TSE-S] announced its financial results after the market closed on November 7th (16:00). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 30 million yen (compared to a loss of 160 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 130 million yen (compared to a loss of 85 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the ordinary loss improved to a deficit of loss of 11 million yen (compared to a loss of 65 million yen in the same period last year). The operating profit/loss margin drastically improved from -67.0% in the same period last year to -4.7%.

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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 88 -205 -205 -206 -35.6 Oct 27, 2022 J-GAAP
Apr - Sep, 2023 164 -160 -160 -161 -25.5 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 440 -30 -30 -31 -4.7 Nov 7, 2024 J-GAAP
YoY +168.3% +81.3% +81.3% +80.7% +81.6%

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 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 440 -30 -30 -31 -4.7 0 Nov 7, 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 326 -98 -85 -87 -13.7 0 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 660 130 130 96 14.2 0 Nov 7, 2024 J-GAAP
YoY +102.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 327 -362 -365 -362 -61.8 0 May 11, 2023 J-GAAP
Mar, 2024 490 -258 -245 -248 -39.1 0 May 10, 2024 J-GAAP
Mar, 2025 Guidance 1,100 100 100 65 9.6 0 May 10, 2024 J-GAAP
YoY +124.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 97 -65 -65 -65 -10.3 -67.0 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 107 -75 -76 -76 -12.0 -70.1 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 219 -23 -9 -11 -1.7 -10.5 May 10, 2024 J-GAAP
Apr - Jun, 2024 206 -19 -19 -20 -3.0 -9.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 234 -11 -11 -11 -1.7 -4.7 Nov 7, 2024 J-GAAP
YoY +141.2% +83.1% +83.1% +83.1% +83.9%

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