DREAMBED CO.,LTD., First Half Ordinary Profit Increases by 60%

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Fri Nov 8, 2024 3:00 pm JST Earnings

7791 DREAMBED CO.,LTD. 【J-GAAP】

Earnings Report

DREAMBED CO.,LTD. <7791> [TSE-S] announced its financial results in the afternoon session on November 8th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 278 million yen, an increase of 59.8% compared to the same period last year, exceeded the previous forecast of 180 million yen.

The progress rate against the 340 million yen full-year plan was 81.8%, also surpassing the four-year average of 47.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to significant drop by 53.4% from the same period last year to 62 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 16.4% from the same period last year, reaching 135 million yen. The operating profit margin significantly improved from 0.6% in the same period last year to 5.4%.

Kabutan News

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	4,697	224	220	144	35.0	47.9	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	4,572	74	174	111	27.3	56.7	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	5,379	290	278	185	45.5	81.8	Nov 8, 2024	J-GAAP
YoY	+17.7%	+291.9%	+59.8%	+66.7%	+67.1%

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	5,200	190	180	120	29.3	16	Aug 9, 2024	J-GAAP
Apr - Sep, 2024 Results	5,379	290	278	185	45.5	16	Nov 8, 2024	J-GAAP
Revision Rate	+3.4%	+52.6%	+54.4%	+54.2%	+55.4%

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	5,136	117	133	143	34.9	16	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,121	60	62	55	13.4	16	Nov 8, 2024	J-GAAP
YoY	-0.3%	-48.7%	-53.4%	-61.5%	-61.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,835	427	459	442	107.6	30	May 11, 2023	J-GAAP
Mar, 2024	9,708	191	307	254	62.0	32	May 10, 2024	J-GAAP
Mar, 2025 Guidance	10,500	350	340	240	58.6	32	Aug 9, 2024	J-GAAP
YoY	+8.2%	+83.2%	+10.7%	-5.5%	-5.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,194	13	116	75	18.4	0.6	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	2,454	28	22	-9	-2.2	1.1	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,682	89	111	152	37.1	3.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	2,722	146	143	94	23.1	5.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,657	144	135	91	22.4	5.4	Nov 8, 2024	J-GAAP
YoY	+21.1%	+1,007.7%	+16.4%	+21.3%	+21.6%