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DREAMBED CO.,LTD., First Half Ordinary Profit Increases by 60%

Fri Nov 8, 2024 3:00 pm JST Earnings

7791 DREAMBED CO.,LTD. 【J-GAAP】

Earnings Report

DREAMBED CO.,LTD. <7791> [TSE-S] announced its financial results in the afternoon session on November 8th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 278 million yen, an increase of 59.8% compared to the same period last year, exceeded the previous forecast of 180 million yen.

The progress rate against the 340 million yen full-year plan was 81.8%, also surpassing the four-year average of 47.4%.

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 significant drop by 53.4% from the same period last year to 62 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 16.4% from the same period last year, reaching 135 million yen. The operating profit margin significantly improved from 0.6% in the same period last year to 5.4%.

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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 4,697 224 220 144 35.0 47.9 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 4,572 74 174 111 27.3 56.7 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 5,379 290 278 185 45.5 81.8 Nov 8, 2024 J-GAAP
YoY +17.7% +291.9% +59.8% +66.7% +67.1%

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 5,200 190 180 120 29.3 16 Aug 9, 2024 J-GAAP
Apr - Sep, 2024 Results 5,379 290 278 185 45.5 16 Nov 8, 2024 J-GAAP
Revision Rate +3.4% +52.6% +54.4% +54.2% +55.4%

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 5,136 117 133 143 34.9 16 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,121 60 62 55 13.4 16 Nov 8, 2024 J-GAAP
YoY -0.3% -48.7% -53.4% -61.5% -61.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,835 427 459 442 107.6 30 May 11, 2023 J-GAAP
Mar, 2024 9,708 191 307 254 62.0 32 May 10, 2024 J-GAAP
Mar, 2025 Guidance 10,500 350 340 240 58.6 32 Aug 9, 2024 J-GAAP
YoY +8.2% +83.2% +10.7% -5.5% -5.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,194 13 116 75 18.4 0.6 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 2,454 28 22 -9 -2.2 1.1 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,682 89 111 152 37.1 3.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 2,722 146 143 94 23.1 5.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,657 144 135 91 22.4 5.4 Nov 8, 2024 J-GAAP
YoY +21.1% +1,007.7% +16.4% +21.3% +21.6%

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