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DREAMBED, First Half Ordinary Profit Unexpectedly Revised Upward by 19%
7791 DREAMBED CO.,LTD. 【J-GAAP】
Earnings ReportDREAMBED CO.,LTD. <7791> [TSE Std] announced its financial results in the afternoon session on November 7th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 19.4% from the same period last year, reaching 332 million yen, resulting in an increase in profits compared to the previous forecast of a 24.5% decrease.
Progress toward the full-year plan of 640 million yen was 51.9%, also surpassing the five-year average of 47.5%.
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 nearly flat at 308 million yen, up 1.0% from the same period last year.
In the most recent three-month period, from July to September (2Q), the ordinary profit amounted to 136 million yen, an increase of 0.7% compared to the same period last year. However, the operating profit margin remained almost flat, changing from 5.4% in the same period last year to 5.2%.
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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 |
|---|---|---|---|---|---|---|---|---|
| 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 | 47.7 | Nov 8, 2024 | J-GAAP |
| Apr - Sep, 2025 | 5,620 | 347 | 332 | 221 | 54.1 | 51.9 | Nov 7, 2025 | J-GAAP |
| YoY | +4.5% | +19.7% | +19.4% | +19.5% | +18.8% |
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 | 5,650 | 230 | 210 | 145 | 35.2 | 17 | May 9, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 5,620 | 347 | 332 | 221 | 54.1 | 17 | Nov 7, 2025 | J-GAAP |
| Revision Rate | -0.5% | +50.9% | +58.1% | +52.4% | +53.8% |
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 | 6,130 | 305 | 305 | 230 | 56.3 | 17 | May 9, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 6,280 | 333 | 308 | 219 | 53.1 | 17 | Nov 7, 2025 | J-GAAP |
| YoY | +2.4% | +9.2% | +1.0% | -4.8% | -5.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 9,708 | 191 | 307 | 254 | 62.0 | 32 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 11,509 | 595 | 583 | 415 | 101.5 | 33 | May 9, 2025 | J-GAAP |
| Mar, 2026 Guidance | 11,900 | 680 | 640 | 440 | 106.8 | 34 | May 9, 2025 | J-GAAP |
| YoY | +3.4% | +14.3% | +9.8% | +6.0% | +5.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 2,657 | 144 | 135 | 91 | 22.4 | 5.4 | Nov 8, 2024 | J-GAAP |
| Oct - Dec, 2024 | 3,048 | 278 | 272 | 184 | 45.1 | 9.1 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 3,082 | 27 | 33 | 46 | 11.3 | 0.9 | May 9, 2025 | J-GAAP |
| Apr - Jun, 2025 | 2,850 | 203 | 196 | 131 | 32.1 | 7.1 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 2,770 | 144 | 136 | 90 | 22.0 | 5.2 | Nov 7, 2025 | J-GAAP |
| YoY | +4.3% | 0.0% | +0.7% | -1.1% | -1.7% |
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