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DYNIC CORPORATION, First Half Ordinary Profit Increases by 59%, July-September Ordinary Profit Increases by 56%

Wed Nov 13, 2024 11:00 am JST Earnings

3551 DYNIC CORPORATION 【J-GAAP】

Earnings Report

DYNIC CORPORATION <3551> [TSE-S] announced its financial results in the morning on November 13th (11:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.04 billion yen, an increase of 59.3% compared to the same period last year. The progress rate against the 1.85 billion yen full-year plan was 56.6%, also surpassing the five-year average of 47.3%.

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 decrease by 3.4% from the same period last year to 802 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 55.5% from the same period last year, reaching 325 million yen. The operating profit margin improved from 1.5% in the same period last year to 2.9%.

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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 20,796 449 673 465 55.3 64.5 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 20,450 418 658 482 57.6 44.2 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 21,672 950 1,048 785 93.9 56.6 Nov 13, 2024 J-GAAP
YoY +6.0% +127.3% +59.3% +62.9% +62.9%

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 21,670 950 1,040 780 93.2 0 Nov 6, 2024 J-GAAP
Apr - Sep, 2024 Results 21,672 950 1,048 785 93.9 0 Nov 13, 2024 J-GAAP
Revision Rate +0.0% 0.0% +0.8% +0.6% +0.7%

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 21,651 820 830 366 43.7 25 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 23,328 750 802 365 43.6 30 Nov 13, 2024 J-GAAP
YoY +7.7% -8.5% -3.4% -0.3% -0.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 41,553 755 1,043 520 62.0 25 May 15, 2023 J-GAAP
Mar, 2024 42,101 1,238 1,488 848 101.3 25 May 15, 2024 J-GAAP
Mar, 2025 Guidance 45,000 1,700 1,850 1,150 137.5 30 May 15, 2024 J-GAAP
YoY +6.9% +37.3% +24.3% +35.6% +35.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,164 150 209 150 17.9 1.5 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 10,977 480 512 304 36.3 4.4 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 10,674 340 318 62 7.4 3.2 May 15, 2024 J-GAAP
Apr - Jun, 2024 10,783 634 723 542 64.8 5.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,889 316 325 243 29.1 2.9 Nov 13, 2024 J-GAAP
YoY +7.1% +110.7% +55.5% +62.0% +62.1%

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