Dream Arts <4811> announced its consolidated financial results for the third quarter of the fiscal year ending December 2024 (January-September 2024) on the 14th. Revenue increased by 11.6% year-on-year to 3.683 billion yen, operating profit rose by 12.7% year-on-year to 0.564 billion yen, ordinary profit increased by 14.6% year-on-year to 0.561 billion yen, and quarterly net income attributable to the parent company's shareholders rose by 12.7% year-on-year to 0.385 billion yen.

Revenue from the cloud business increased by 25.0% year-on-year to 2.846 billion yen, and segment profit rose by 51.5% year-on-year to 1.08 billion yen. Revenue from horizontal saas was 2.128 billion yen (up 33.3% year-on-year). As of the end of the third quarter consolidated accounting period, MRR (monthly recurring revenue) was 0.253 billion yen, with the number of contracting companies at 158. Revenue from vertical saas was 0.583 billion yen (up 6.1% year-on-year). As of the end of the third quarter consolidated accounting period, MRR was 0.065 billion yen, and the number of contracting companies was 162. Revenue from DCR was 0.135 billion yen (up 2.7% year-on-year). As of the end of the third quarter consolidated accounting period, MRR was 0.015 billion yen, with the number of contracting companies at 3.

Revenue from the on-premises business decreased by 7.1% year-on-year to 0.428 billion yen, and segment profit fell by 16.7% year-on-year to 0.177 billion yen. Although there were license orders from some customers, cancellations of software maintenance increased due to the transition to cloud environments.

Revenue from the professional services business decreased by 27.3% year-on-year to 0.407 billion yen, with a segment loss of 0.034 billion yen (compared to a profit of 0.109 billion yen in the same period last year). Orders were received for implementation support projects related to "SmartDB(R)," development of function expansions for DCR, and modifications of plugin software for existing customers. On the other hand, the decline in engineer utilization due to the active promotion of cloud transition proposals and the backlash from large projects carried out in the same period last year significantly impacted performance.

For the full year ending December 2024, a plan announced on August 14 remains unchanged, projecting revenue to increase by 13.7% year-on-year to 5.05 billion yen, operating profit to rise by 32.1% year-on-year to 0.762 billion yen, ordinary profit to increase by 34.6% year-on-year to 0.758 billion yen, and net income attributable to the parent company's shareholders to rise by 24.4% year-on-year to 0.527 billion yen.