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DREAM VISION CO.,LTD., First Half Net Income Loss Narrows, July-September Net Income Loss Narrows

Thu Nov 14, 2024 3:30 pm JST Earnings

3185 DREAM VISION CO.,LTD. 【IFRS】

Earnings Report

DREAM VISION CO.,LTD. <3185> [TSE-G] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 249 million yen (compared to a loss of 263 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a profit of 139 million yen (compared to a loss of 89 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net loss improved to a deficit of loss of 98 million yen (compared to a loss of 182 million yen in the same period last year). The operating profit/loss margin drastically improved from -14.5% in the same period last year to -6.3%.

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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 2,616 -40 -54 -52 -3.8 Nov 10, 2022 IFRS
Apr - Sep, 2023 2,247 -224 -265 -263 -18.0 Nov 14, 2023 IFRS
Apr - Sep, 2024 2,204 -210 -244 -249 -16.8 Nov 14, 2024 IFRS
YoY -1.9% +6.3% +7.9% +5.3% +6.7%

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 0 May 15, 2024 IFRS
Apr - Sep, 2024 Results 2,204 -210 -244 -249 -16.8 0 Nov 14, 2024 IFRS
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 2,409 -54 -89 -89 -6.1 0 May 15, 2024 IFRS
Oct - Mar, 2024 Guidance 2,560 191 137 139 7.6 0 Nov 14, 2024 IFRS
YoY +6.3%

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 4,764 -19 -107 -110 -6.0 0 May 15, 2024 IFRS
YoY +2.3% +93.2% +69.8% +68.8% +75.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,089 -158 -183 -182 -12.5 -14.5 Nov 14, 2023 IFRS
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
YoY +7.2% +53.2% +49.2% +46.2% +47.0%

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