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DIGITAL HEARTS HOLDINGS Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Downward by 20%

Thu Nov 7, 2024 4:00 pm JST Earnings

3676 DIGITAL HEARTS HOLDINGS Co., Ltd. 【J-GAAP】

Earnings Report

DIGITAL HEARTS HOLDINGS Co., Ltd. <3676> [TSE-P] announced its financial results after the market closed on November 7th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 809 million yen, a 2.1% increase compared to the same period last year.

However, the full-year consolidated ordinary profit has downwardly by 20.3%, from the previous forecast of 3.1 billion yen to 2.47 billion yen (compared to 2.05 billion yen in the previous period), leading to a reduction in the profit growth rate from 50.6% to 20.0%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 31.1% from the same period last year, reaching 1.66 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 31.0% from the same period last year, reaching 494 million yen. The operating profit margin improved from 3.5% in the same period last year to 5.3%.

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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 17,562 1,372 1,517 945 43.7 48.1 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 18,669 729 792 -436 -19.6 38.5 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 19,906 825 809 455 20.4 32.8 Nov 7, 2024 J-GAAP
YoY +6.6% +13.2% +2.1%

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 10.50 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 19,906 825 809 455 20.4 10.50 Nov 7, 2024 J-GAAP
Revision Rate

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 44,100 3,100 3,100 2,100 94.2 21 May 9, 2024 J-GAAP
Mar, 2025 New 42,020 2,540 2,470 1,600 71.8 21 Nov 7, 2024 J-GAAP
Revision Rate -4.7% -18.1% -20.3% -23.8% -23.8%

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 20,121 1,310 1,267 612 27.6 10.50 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 22,114 1,715 1,661 1,145 51.4 10.50 Nov 7, 2024 J-GAAP
YoY +9.9% +30.9% +31.1% +87.1% +86.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 36,517 3,000 3,152 799 36.5 21 May 11, 2023 J-GAAP
Mar, 2024 38,790 2,039 2,059 176 7.9 21 May 9, 2024 J-GAAP
Mar, 2025 Guidance 42,020 2,540 2,470 1,600 71.8 21 Nov 7, 2024 J-GAAP
YoY +8.3% +24.6% +20.0% +809.1% +804.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,373 325 377 -774 -34.8 3.5 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 9,997 693 733 360 16.2 6.9 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 10,124 617 534 252 11.4 6.1 May 9, 2024 J-GAAP
Apr - Jun, 2024 9,835 295 315 211 9.5 3.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 10,071 530 494 244 11.0 5.3 Nov 7, 2024 J-GAAP
YoY +7.4% +63.1% +31.0%

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