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DCM Holdings Co.,Ltd., First Half Ordinary Profit Increases by 13%

Fri Sep 27, 2024 3:30 pm JST Earnings

3050 DCM Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

DCM Holdings Co.,Ltd. <3050> [TSE-P] announced its financial results after the market closed on September 27th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 12.6% from the same period last year, reaching 19.6 billion yen. The progress rate against the 32.8 billion yen full-year plan was 59.8%, it was below the five-year average of 66.1%.

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 September to February period (second half) is expected to expand by 31.9% from the same period last year, reaching 13.1 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 23.9% from the same period last year, reaching 10.2 billion yen. The operating profit margin improved from 7.0% in the same period last year to 7.4%.

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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
Mar - Aug, 2022 238,832 18,969 19,165 12,124 82.6 64.8 Sep 29, 2022 J-GAAP
Mar - Aug, 2023 247,096 17,818 17,409 10,732 79.4 63.5 Sep 29, 2023 J-GAAP
Mar - Aug, 2024 287,774 21,081 19,602 11,709 87.5 59.8 Sep 27, 2024 J-GAAP
YoY +16.5% +18.3% +12.6% +9.1% +10.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 287,250 21,200 20,450 12,300 91.9 22 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 287,774 21,081 19,602 11,709 87.5 22 Sep 27, 2024 J-GAAP
Revision Rate +0.2% -0.6% -4.1% -4.8% -4.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 241,517 10,867 10,003 10,714 79.7 22 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 262,726 12,919 13,198 7,691 57.4 22 Sep 27, 2024 J-GAAP
YoY +8.8% +18.9% +31.9% -28.2% -28.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 476,821 30,068 29,555 18,135 125.0 40 Apr 11, 2023 J-GAAP
Feb, 2024 488,613 28,685 27,412 21,446 159.5 42 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 550,500 34,000 32,800 19,400 144.8 44 Apr 12, 2024 J-GAAP
YoY +12.7% +18.5% +19.7% -9.5% -9.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 123,217 8,593 8,305 5,067 37.5 7.0 Sep 29, 2023 J-GAAP
Sep - Nov, 2023 113,718 5,808 5,409 10,823 80.4 5.1 Dec 27, 2023 J-GAAP
Dec - Feb, 2023 127,799 5,059 4,594 -109 -0.8 4.0 Apr 12, 2024 J-GAAP
Mar - May, 2024 141,487 10,233 9,308 5,691 42.5 7.2 Jun 28, 2024 J-GAAP
Jun - Aug, 2024 146,287 10,848 10,294 6,018 45.0 7.4 Sep 27, 2024 J-GAAP
YoY +18.7% +26.2% +23.9% +18.8% +19.9%

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