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Dawn, Dec-Feb (3Q) Ordinary Profit Increases by 28%, Current Fiscal Year Dividend Revised Upward by 2 Yen

Thu Apr 9, 2026 2:00 pm JST Earnings

2303 Dawn Corporation 【J-GAAP】

Earnings Report

Dawn Corporation <2303> [TSE Std] announced its financial results in the afternoon session on April 9th (14:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending May 2026 (June 2025 to February 2026) increased 17.7% from the same period last year, reaching 425 million yen. Progress toward the full-year plan of 617 million yen was 68.9%, exceeding the five-year average of 65.6%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the March to May period (4Q) is expected to decrease 13.9% from the same period last year to 192 million yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 26 yen to 28 yen (compared to 24 yen in the previous period).

In the most recent three-month period, from December to February (3Q), the ordinary profit grew 27.7% from the same period last year, reaching 212 million yen. The operating profit margin rose from 39.0% in the same period last year to 46.4%.

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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
Jun - Feb, 2023 964 330 343 243 78.2 62.7 Apr 8, 2024 J-GAAP
Jun - Feb, 2024 1,053 354 361 255 83.1 61.8 Apr 10, 2025 J-GAAP
Jun - Feb, 2025 1,090 412 425 300 98.8 68.9 Apr 9, 2026 J-GAAP
YoY +3.5% +16.4% +17.7% +17.6% +18.9%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2025 Prev 1,054 404 404 287 96.5 26 Jan 8, 2026 J-GAAP
Dec - May, 2025 New 1,054 404 404 287 96.5 28 Apr 9, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2026 Prev 1,700 610 617 435 146.3 26 Jul 10, 2025 J-GAAP
May, 2026 New 1,700 610 617 435 146.3 28 Apr 9, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 1,011 383 389 280 91.5 24 Jul 10, 2025 J-GAAP
Dec - May, 2025 Guidance 1,054 404 404 287 96.5 28 Apr 9, 2026 J-GAAP
YoY +4.3% +5.5% +3.9% +2.5% +5.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2024 1,500 533 547 388 125.1 20 Jul 11, 2024 J-GAAP
May, 2025 1,646 574 584 418 136.7 24 Jul 10, 2025 J-GAAP
May, 2026 Guidance 1,700 610 617 435 146.3 28 Apr 9, 2026 J-GAAP
YoY +3.3% +6.3% +5.7% +4.1% +7.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2024 418 163 166 117 38.2 39.0 Apr 10, 2025 J-GAAP
Mar - May, 2025 593 220 223 163 53.3 37.1 Jul 10, 2025 J-GAAP
Jun - Aug, 2025 303 80 84 59 19.5 26.4 Oct 9, 2025 J-GAAP
Sep - Nov, 2025 343 126 129 89 29.4 36.7 Jan 8, 2026 J-GAAP
Dec - Feb, 2025 444 206 212 152 50.1 46.4 Apr 9, 2026 J-GAAP
YoY +6.2% +26.4% +27.7% +29.9% +31.3%

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