Duskin's strong first half profits beat forecasts

Duskin Co., Ltd. reported consolidated net sales of 95,078 million yen for the first half of FY2025 (April-September 2025), a 3.7% year-on-year increase. Operating profit surged by 19.5% year-on-year to 4,691 million yen, significantly exceeding the forecast of 4,400 million yen by 6.6%. Ordinary profit also saw a substantial rise of 19.4% year-on-year, reaching 6,569 million yen, outperforming the forecast by 4.3%. Profit attributable to owners of the parent increased by 21.7% year-on-year to 4,248 million yen, 8.9% above the forecast.

The Direct Selling Group's sales increased by 3.5% year-on-year, though operating profit declined by 16.3% due to higher costs associated with a new mop cleaner. The Food Group demonstrated robust growth, with sales up 4.0% year-on-year and operating profit soaring by 39.3% year-on-year, primarily due to increased sales and improved cost ratios. Other Businesses also saw sales increase by 2.2% year-on-year and operating profit rise by 17.6% year-on-year.

For the full year FY2025, Duskin maintains its consolidated operating profit forecast at 7,900 million yen, while adjusting the Direct Selling Group's operating profit forecast downward to 5,500 million yen and the Food Group's upward to 9,400 million yen. The company targets an annual dividend payout based on a consolidated dividend payout ratio of 60% or a dividend on equity (DOE) of 3.0%, whichever is higher, with a forecast of 115 yen per share for FY2025.