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Digital Arts Inc., First Half Ordinary Profit Decreases by 7%, July-September Ordinary Profit Decreases by 8%

Thu Oct 31, 2024 4:00 pm JST Earnings

2326 Digital Arts Inc. 【J-GAAP】

Earnings Report

Digital Arts Inc. <2326> [TSE-P] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 6.7% from the same period last year to 2.05 billion yen. The progress rate against the 5.14 billion yen full-year plan was 39.9%, also falling below the five-year average of 48.4%.

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 expand by 37.7% from the same period last year, reaching 3.08 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.2 billion yen, a 8.4% decrease compared to the same period last year. However, the operating profit margin rose from 43.5% in the same period last year to 46.6%.

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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 5,084 2,247 2,263 1,558 111.0 51.1 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 5,563 2,188 2,201 1,521 108.9 49.5 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 4,838 2,052 2,053 1,417 103.4 39.9 Oct 31, 2024 J-GAAP
YoY -13.0% -6.2% -6.7% -6.8% -5.0%

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 ー ー ー ー － 40 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 4,838 2,052 2,053 1,417 103.4 40 Oct 31, 2024 J-GAAP
Revision Rate － － － － －

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 5,949 2,239 2,242 2,856 205.8 40 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,882 3,088 3,087 2,123 155.6 45 Oct 31, 2024 J-GAAP
YoY -1.1% +37.9% +37.7% -25.7% -24.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,436 4,413 4,429 3,062 218.1 75 May 9, 2023 J-GAAP
Mar, 2024 11,512 4,427 4,443 4,377 315.5 80 May 8, 2024 J-GAAP
Mar, 2025 Guidance 10,720 5,140 5,140 3,540 259.5 85 May 8, 2024 J-GAAP
YoY -6.9% +16.1% +15.7% -19.1% -17.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,022 1,316 1,316 907 64.9 43.5 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 2,759 934 931 641 46.1 33.9 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 3,190 1,305 1,311 2,215 159.6 40.9 May 8, 2024 J-GAAP
Apr - Jun, 2024 2,234 838 847 584 42.5 37.5 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 2,604 1,214 1,206 833 60.8 46.6 Oct 31, 2024 J-GAAP
YoY -13.8% -7.8% -8.4% -8.2% -6.4%

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