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DREAM VISION, The Current Fiscal Year Net Income Loss Widened in Downward Revision

Fri Feb 14, 2025 3:30 pm JST Earnings

3185 DREAM VISION CO.,LTD. 【IFRS】

Earnings Report

DREAM VISION CO.,LTD. <3185> [TSE Growth] announced its financial results (based on IFRS) after the market closed on February 14th (15:30). The consolidated net loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded to a loss of 341 million yen (compared to a loss of 255 million yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected loss of 110 million yen to a loss of 359 million yen (compared to a loss of 352 million yen in the previous period), indicating an expansion in the loss margin.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the October to March period (2H) has been revised downward from an expected profit of 139 million yen to a loss of 110 million yen (compared to a loss of 89 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net income/loss turned to a loss of 92 million yen (compared to a profit of 8 million yen in the same period last year). The operating profit/loss margin drastically worsened from 2.0% in the same period last year to -5.6%.

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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
Apr - Dec, 2022 3,984 2 -17 -17 -1.3 ー Feb 14, 2023 IFRS
Apr - Dec, 2023 3,471 -200 -258 -255 -17.4 ー Feb 14, 2024 IFRS
Apr - Dec, 2024 3,395 -277 -333 -341 -21.5 ー Feb 14, 2025 IFRS
YoY -2.2% -38.5% -29.1% -33.7% -23.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 2,560 191 137 139 7.6 0 Nov 14, 2024 IFRS
Oct - Mar, 2024 New 2,375 -66 -108 -110 -6.0 0 Feb 14, 2025 IFRS
Revision Rate -7.2% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 4,764 -19 -107 -110 -6.0 0 May 15, 2024 IFRS
Mar, 2025 New 4,579 -276 -352 -359 -19.6 0 Feb 14, 2025 IFRS
Revision Rate -3.9% -1,352.6% -229.0% -226.4% -226.3%

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 2,409 -54 -89 -89 -6.1 0 May 15, 2024 IFRS
Oct - Mar, 2024 Guidance 2,375 -66 -108 -110 -6.0 0 Feb 14, 2025 IFRS
YoY -1.4% -22.2% -21.3% -23.6% +1.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,184 -71 -128 -132 -9.4 0 May 15, 2023 IFRS
Mar, 2024 4,656 -278 -354 -352 -24.0 0 May 15, 2024 IFRS
Mar, 2025 Guidance 4,579 -276 -352 -359 -19.6 0 Feb 14, 2025 IFRS
YoY -1.7% +0.7% +0.6% -2.0% +18.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,224 24 7 8 0.6 2.0 Feb 14, 2024 IFRS
Jan - Mar, 2024 1,185 -78 -96 -97 -6.6 -6.6 May 15, 2024 IFRS
Apr - Jun, 2024 1,037 -136 -151 -151 -10.3 -13.1 Aug 14, 2024 IFRS
Jul - Sep, 2024 1,167 -74 -93 -98 -6.6 -6.3 Nov 14, 2024 IFRS
Oct - Dec, 2024 1,191 -67 -89 -92 -5.8 -5.6 Feb 14, 2025 IFRS
YoY -2.7% － － － －

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