DIP Corporation (2379) Q2 2025 earnings summary

Executive summary

• Launched Spot Baitoru, a new spot part-time job platform with a unique bonus system to boost worker motivation, and accelerated its nationwide rollout ahead of schedule.

• Introduced Good Job Bonus, returning part of the commission to workers based on client evaluations.

• Sales and profits for Q2 FY'25/2 aligned with forecasts, with sales up 5.0% and operating income up 20.9% year-over-year.

• Investments made in sales capabilities, including new graduate hires and office expansions, and enhanced brand power through high-profile advertising.

• AI-driven initiatives, including DIP AI and ChatGPT integration, targeting significant labor reduction and operational efficiency.

Financial highlights

• Q2 FY'25/2 sales: ¥13,145mn (+5.0% YoY); operating income: ¥3,492mn (+20.9% YoY); net income: ¥2,242mn (+1.3% YoY).

• H1 FY'25/2 sales reached ¥28,424mn (+7.1% YoY); operating income was ¥7,516mn (+20.6% YoY); net income attributable to owners of parent up 15.6% to ¥5,046mn.

• Media service sales grew 3.6% YoY, outperforming the market's -5.5% growth rate.

• Permanent placement service sales increased 17.5% YoY.

• Cash and cash equivalents at period end were ¥13,588mn.

Outlook and guidance

• Full-year FY'25/2 forecasts unchanged: sales ¥57,600mn (+7.1% YoY), operating income ¥13,400mn (+5.0% YoY), net income ¥8,900mn (-1.7% YoY).

• Expect DX Business sales to rebound in Q3, driven by busy season and campaign adjustments.

• Continued cautious outlook for the part-time job ad market, expected to remain flat.