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DM Solutions Co.,Ltd, First Half Ordinary Profit Unexpectedly Revised Upward by 5%

Mon Nov 11, 2024 6:00 pm JST Earnings

6549 DM Solutions Co.,Ltd 【J-GAAP】

Earnings Report

DM Solutions Co.,Ltd <6549> [TSE-S] announced its financial results after the market closed on November 11th (18:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 5.2% from the same period last year, reaching 305 million yen, resulting in an increase in profits compared to the previous forecast of a 13.1% decrease.

The progress rate against the 646 million yen full-year plan was 47.2%, almost the same as the five-year average of 48.8%.

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 grow by 19.6% from the same period last year, reaching 341 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 5.0% from the same period last year, reaching 148 million yen. However, the operating profit margin remained almost flat, changing from 3.2% in the same period last year to 3.0%.

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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 8,900 221 232 132 47.9 48.6 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 9,024 284 290 192 69.5 50.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 10,010 307 305 203 72.8 47.2 Nov 11, 2024 J-GAAP
YoY +10.9% +8.1% +5.2% +5.7% +4.7%

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 9,313 251 252 164 58.7 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 10,010 307 305 203 72.8 0 Nov 11, 2024 J-GAAP
Revision Rate +7.5% +22.3% +21.0% +23.8% +24.1%

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 9,183 284 285 210 75.9 12 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,190 338 341 220 79.3 15 Nov 11, 2024 J-GAAP
YoY +0.1% +19.0% +19.6% +4.8% +4.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 17,861 462 477 315 113.8 0 May 12, 2023 J-GAAP
Mar, 2024 18,207 568 575 402 145.2 12 May 14, 2024 J-GAAP
Mar, 2025 Guidance 19,200 645 646 423 152.6 15 May 14, 2024 J-GAAP
YoY +5.5% +13.6% +12.3% +5.2% +5.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,354 138 141 94 34.0 3.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 4,606 133 131 87 31.5 2.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 4,577 151 154 123 44.4 3.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 5,086 157 157 104 37.3 3.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,924 150 148 99 35.5 3.0 Nov 11, 2024 J-GAAP
YoY +13.1% +8.7% +5.0% +5.3% +4.3%

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