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Double Standard Inc., First Half Ordinary Profit Increases by 42%, July-September Ordinary Profit Increases by 44%

Wed Nov 13, 2024 3:30 pm JST Earnings

3925 Double Standard Inc. 【J-GAAP】

Earnings Report

Double Standard Inc. <3925> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.17 billion yen, an increase of 41.9% compared to the same period last year. However, The progress rate against the 2.5 billion yen full-year plan was 47.1%, almost the same as the five-year average of 44.6%.

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 decrease by 9.8% from the same period last year to 1.32 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 44.2% from the same period last year, reaching 666 million yen. The operating profit margin rose from 27.3% in the same period last year to 35.3%.

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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 3,469 1,091 1,069 747 55.1 50.6 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 3,201 825 830 646 47.6 36.1 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 3,649 1,179 1,178 813 60.2 47.1 Nov 13, 2024 J-GAAP
YoY +14.0% +42.9% +41.9% +25.9% +26.4%

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 － 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 3,649 1,179 1,178 813 60.2 0 Nov 13, 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 3,946 1,484 1,466 1,008 74.4 55 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,951 1,371 1,322 937 69.3 60 Nov 13, 2024 J-GAAP
YoY +0.1% -7.6% -9.8% -7.0% -6.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,911 2,121 2,111 1,625 119.7 50 May 12, 2023 J-GAAP
Mar, 2024 7,147 2,309 2,296 1,654 122.0 55 May 13, 2024 J-GAAP
Mar, 2025 Guidance 7,600 2,550 2,500 1,750 129.5 60 May 13, 2024 J-GAAP
YoY +6.3% +10.4% +8.9% +5.8% +6.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,693 462 462 308 22.7 27.3 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,818 614 614 419 30.9 33.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,128 870 852 589 43.5 40.9 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,762 513 512 354 26.2 29.1 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 1,887 666 666 459 34.0 35.3 Nov 13, 2024 J-GAAP
YoY +11.5% +44.2% +44.2% +49.0% +49.7%

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