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DENTSU SOKEN, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 2%, Exceeded Record Profit Forecast
4812 DENTSU SOKEN INC. 【J-GAAP】
Earnings ReportDENTSU SOKEN INC. <4812> [TSE Prime] announced its financial results after the market closed on July 30th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) increased 8.3% from the same period last year, reaching 11.1 billion yen.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 2.2%, from the previous forecast of 23.0 billion yen to 23.5 billion yen (compared to 21.0 billion yen in the previous period), increasing the growth rate from 9.0% to 11.4%. The company has further increased its previous forecast of record profits for the first time in two years.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to grow 14.4% from the same period last year, reaching 12.3 billion yen.
In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit grew 12.9% from the same period last year, reaching 5.11 billion yen. However, the operating profit margin decreased from 12.4% in the same period last year to 12.2%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2023 | 69,849 | 10,652 | 10,785 | 7,446 | 114.4 | 50.8 | Jul 31, 2023 | J-GAAP |
| Jan - Jun, 2024 | 74,235 | 10,360 | 10,262 | 7,248 | 111.4 | 48.7 | Jul 31, 2024 | J-GAAP |
| Jan - Jun, 2025 | 80,239 | 10,661 | 11,109 | 7,684 | 118.1 | 47.3 | Jul 30, 2025 | J-GAAP |
| YoY | +8.1% | +2.9% | +8.3% | +6.0% | +6.0% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 Guidance | 83,000 | 11,500 | 11,500 | 8,000 | 122.9 | 58 | Feb 12, 2025 | J-GAAP |
| Jan - Jun, 2025 Results | 80,239 | 10,661 | 11,109 | 7,684 | 118.1 | 58 | Jul 30, 2025 | J-GAAP |
| Revision Rate | -3.3% | -7.3% | -3.4% | -4.0% | -3.9% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2025 Prev | 170,000 | 23,000 | 23,000 | 16,000 | 245.9 | 116 | Feb 12, 2025 | J-GAAP |
| Dec, 2025 New | 168,000 | 23,000 | 23,500 | 16,200 | 249.0 | 116 | Jul 30, 2025 | J-GAAP |
| Revision Rate | -1.2% | 0.0% | +2.2% | +1.3% | +1.2% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2024 | 78,407 | 10,679 | 10,831 | 7,869 | 120.9 | 54 | Feb 12, 2025 | J-GAAP |
| Jul - Dec, 2025 Guidance | 87,761 | 12,339 | 12,391 | 8,516 | 130.9 | 58 | Jul 30, 2025 | J-GAAP |
| YoY | +11.9% | +15.5% | +14.4% | +8.2% | +8.2% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2023 | 142,608 | 21,028 | 21,244 | 14,663 | 225.4 | 100 | Feb 14, 2024 | J-GAAP |
| Dec, 2024 | 152,642 | 21,039 | 21,093 | 15,117 | 232.3 | 108 | Feb 12, 2025 | J-GAAP |
| Dec, 2025 Guidance | 168,000 | 23,000 | 23,500 | 16,200 | 249.0 | 116 | Jul 30, 2025 | J-GAAP |
| YoY | +10.1% | +9.3% | +11.4% | +7.2% | +7.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Jun, 2024 | 37,136 | 4,603 | 4,528 | 3,130 | 48.1 | 12.4 | Jul 31, 2024 | J-GAAP |
| Jul - Sep, 2024 | 37,996 | 4,103 | 4,151 | 2,826 | 43.4 | 10.8 | Oct 31, 2024 | J-GAAP |
| Oct - Dec, 2024 | 40,411 | 6,576 | 6,680 | 5,043 | 77.5 | 16.3 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 40,244 | 5,779 | 5,995 | 4,109 | 63.2 | 14.4 | Apr 30, 2025 | J-GAAP |
| Apr - Jun, 2025 | 39,995 | 4,882 | 5,114 | 3,575 | 54.9 | 12.2 | Jul 30, 2025 | J-GAAP |
| YoY | +7.7% | +6.1% | +12.9% | +14.2% | +14.2% |
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