DOWA HOLDINGS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 26%, Dividend Revised Upward by 24 Yen

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Wed Nov 12, 2025 3:00 pm JST Earnings

5714 DOWA HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

DOWA HOLDINGS CO.,LTD. <5714> [TSE Prime] announced its financial results in the afternoon session on November 12th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 42.2% from the same period last year to 15.6 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 26.5%, from the previous forecast of 34.0 billion yen to 43.0 billion yen (compared to 43.5 billion yen in the previous period), and the declining rate is expected to decrease from 22.0% to 1.4%.

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 October to March period (second half) is expected to expand 64.9% from the same period last year, reaching 27.3 billion yen.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 159 yen to 183 yen (compared to 150 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 6.99 billion yen, a 44.9% decrease compared to the same period last year. The operating profit margin worsened from 6.0% in the same period last year to 3.3%.

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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, 2023	370,759	14,263	21,827	13,185	221.5	48.8	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	352,593	21,471	26,993	20,520	344.7	61.9	Nov 11, 2024	J-GAAP
Apr - Sep, 2025	317,188	11,750	15,612	13,625	228.8	36.3	Nov 12, 2025	J-GAAP
YoY	-10.0%	-45.3%	-42.2%	-33.6%	-33.6%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2025 Guidance	331,700	12,800	15,300	9,500	159.5	－	May 13, 2025	J-GAAP
Apr - Sep, 2025 Results	317,188	11,750	15,612	13,625	228.8	－	Nov 12, 2025	J-GAAP
Revision Rate	-4.4%	-8.2%	+2.0%	+43.4%	+43.4%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	692,000	24,000	34,000	27,000	453.3	159	May 13, 2025	J-GAAP
Mar, 2026 New	696,000	28,500	43,000	31,000	520.5	183	Nov 12, 2025	J-GAAP
Revision Rate	+0.6%	+18.8%	+26.5%	+14.8%	+14.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024	326,079	10,755	16,605	6,608	111.0	150	May 13, 2025	J-GAAP
Oct - Mar, 2025 Guidance	378,812	16,750	27,388	17,375	291.7	183	Nov 12, 2025	J-GAAP
YoY	+16.2%	+55.7%	+64.9%	+162.9%	+162.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	717,194	30,003	44,745	27,853	467.9	130	May 10, 2024	J-GAAP
Mar, 2025	678,672	32,226	43,598	27,128	455.6	150	May 13, 2025	J-GAAP
Mar, 2026 Guidance	696,000	28,500	43,000	31,000	520.5	183	Nov 12, 2025	J-GAAP
YoY	+2.6%	-11.6%	-1.4%	+14.3%	+14.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2024	163,599	9,738	12,706	8,739	146.8	6.0	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	164,659	4,164	7,526	3,272	55.0	2.5	Feb 12, 2025	J-GAAP
Jan - Mar, 2025	161,420	6,591	9,079	3,336	56.0	4.1	May 13, 2025	J-GAAP
Apr - Jun, 2025	160,129	6,494	8,616	6,401	107.5	4.1	Aug 8, 2025	J-GAAP
Jul - Sep, 2025	157,059	5,256	6,996	7,224	121.3	3.3	Nov 12, 2025	J-GAAP
YoY	-4.0%	-46.0%	-44.9%	-17.3%	-17.4%