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Dawn, Jun-Feb (Cumulative 3Q) Ordinary Profit Increases by 5%, Current Fiscal Year Dividend Revised Upward by 2 yen

Thu Apr 10, 2025 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 10th (14:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending May 2025 (June 2024 to February 2025) increased 5.2% from the same period last year, reaching 361 million yen. However, the progress rate toward the full-year plan of 568 million yen was 63.6%, almost the same as the five-year average of 63.8%.

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 grow 1.5% from the same period last year, reaching 207 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 22 yen to 24 yen (compared to 20 yen in the previous period).

In the most recent three-month period, from December to February (3Q), the ordinary profit amounted to 166 million yen, a 0.6% decrease compared to the same period last year. The operating profit margin decreased from 40.0% in the same period last year to 39.0%.

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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, 2022 984 326 331 231 72.5 73.4 Apr 6, 2023 J-GAAP
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 63.6 Apr 10, 2025 J-GAAP
YoY +9.2% +7.3% +5.2% +4.9% +6.4%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 Prev 945 369 373 257 84.7 22 Jan 9, 2025 J-GAAP
Dec - May, 2024 New 945 369 373 257 84.7 24 Apr 10, 2025 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, 2025 Prev 1,580 560 568 395 130.1 22 Jul 11, 2024 J-GAAP
May, 2025 New 1,580 560 568 395 130.1 24 Apr 10, 2025 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, 2023 949 368 371 263 84.8 20 Jul 11, 2024 J-GAAP
Dec - May, 2024 Guidance 945 369 373 257 84.7 24 Apr 10, 2025 J-GAAP
YoY -0.4% +0.3% +0.5% -2.3% -0.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 1,368 443 451 321 101.1 16 Jul 11, 2023 J-GAAP
May, 2024 1,500 533 547 388 125.1 20 Jul 11, 2024 J-GAAP
May, 2025 Guidance 1,580 560 568 395 130.1 24 Apr 10, 2025 J-GAAP
YoY +5.3% +5.1% +3.8% +1.8% +4.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2023 413 165 167 118 38.0 40.0 Apr 8, 2024 J-GAAP
Mar - May, 2024 536 203 204 145 46.8 37.9 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 356 120 121 86 28.1 33.7 Oct 10, 2024 J-GAAP
Sep - Nov, 2024 279 71 74 52 16.9 25.4 Jan 9, 2025 J-GAAP
Dec - Feb, 2024 418 163 166 117 38.2 39.0 Apr 10, 2025 J-GAAP
YoY +1.2% -1.2% -0.6% -0.8% +0.5%

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