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Drecom, 50% Decrease in Undisclosed Ordinary Profit for The Current Fiscal Year, Decides to Continue No Dividend Policy

Thu Jan 30, 2025 3:30 pm JST Earnings

3793 Drecom Co.,Ltd. 【J-GAAP】

Earnings Report

Drecom Co.,Ltd. <3793> [TSE Growth] announced its financial results after the market closed on January 30th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 78 million yen (compared to a profit of 729 million yen in the same period last year).

In addition, the full-year forecast, which was not disclosed, indicated that consolidated ordinary profit drop by 49.6% from the previous period to 400 million yen.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to surge 7.5 times that of the same period last year, reaching 478 million yen.

At the same time, the company has decided to forego the year-end lump-sum dividend for the current fiscal year, which had previously been undecided (compared to no dividend in the prior term), and the policy has been set to continue with no dividends.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 276 million yen, remained almost flat compared to the same period last year. However, the operating profit margin significantly dropped from 12.5% in the same period last year to 6.9%.

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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
Apr - Dec, 2022 8,380 2,100 2,025 1,166 41.0 92.4 Jan 30, 2023 J-GAAP
Apr - Dec, 2023 7,637 789 729 97 3.4 91.9 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 8,200 -26 -78 -823 -28.7 ー Jan 30, 2025 J-GAAP
YoY +7.4% － － － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev ー ー ー ー － － May 13, 2024 J-GAAP
Oct - Mar, 2024 New 9,482 815 754 822 28.6 0 Jan 30, 2025 J-GAAP
Revision Rate － － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev ー ー ー ー － － Oct 29, 2024 J-GAAP
Mar, 2025 New 13,500 500 400 -200 -7.0 0 Jan 30, 2025 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 4,688 431 340 273 9.6 0 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,482 815 754 822 28.6 0 Jan 30, 2025 J-GAAP
YoY +102.3% +89.1% +121.8% +201.1% +199.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,800 2,281 2,192 1,159 40.7 5 May 11, 2023 J-GAAP
Mar, 2024 9,779 903 793 104 3.6 0 May 13, 2024 J-GAAP
Mar, 2025 Guidance 13,500 500 400 -200 -7.0 0 Jan 30, 2025 J-GAAP
YoY +38.1% -44.6% -49.6% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,546 317 276 266 9.4 12.5 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 2,142 114 64 7 0.3 5.3 May 13, 2024 J-GAAP
Apr - Jun, 2024 2,122 -67 -88 -153 -5.4 -3.2 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 1,896 -248 -266 -869 -30.3 -13.1 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 4,182 289 276 199 7.0 6.9 Jan 30, 2025 J-GAAP
YoY +64.3% -8.8% 0.0% -25.2% -25.7%

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