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DAIWA CYCLE CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 30%, Adds to Record High Profit Forecast
5888 DAIWA CYCLE CO.,LTD. 【J-GAAP】
Earnings ReportDAIWA CYCLE CO.,LTD. <5888> [TSE-G] announced its financial results after the market closed on September 13th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending January 2025 (February to July) expanded to 813 million yen, an increase of 59.4% compared to the same period last year, exceeded the previous forecast of 581 million yen.
In addition, the full-year ordinary profit has been revised upward by 29.9%, from the previous forecast of 840 million yen to 1.09 billion yen (compared to 804 million yen in the previous period), increasing the growth rate from 4.5% to 35.7%, further surpassing the previous forecast of record-high profits for two consecutive terms.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the August to January period (second half) is expected to decrease by 5.4% from the same period last year to 278 million yen.
In the most recent three-month period, from May to July (2Q), the ordinary profit increased by 93.4% from the same period last year, reaching 265 million yen. The operating profit margin improved from 3.6% in the same period last year to 6.1%.
Kabutan News
Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Feb - Jul, 2024 | 9,562 | 811 | 813 | 509 | 186.5 | 74.5 | Sep 13, 2024 | J-GAAP |
YoY | - | - | - | - | - |
First Half Results vs. Previous Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Feb - Jul, 2024 Guidance | 8,917 | 575 | 581 | 360 | 131.7 | 0 | Mar 18, 2024 | J-GAAP |
Feb - Jul, 2024 Results | 9,562 | 811 | 813 | 509 | 186.5 | 0 | Sep 13, 2024 | J-GAAP |
Revision Rate | +7.2% | +41.0% | +39.9% | +41.4% | +41.6% |
Guidance Update
Full Year Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jan, 2025 Prev | 17,059 | 827 | 840 | 505 | 184.6 | 37 | Mar 18, 2024 | J-GAAP |
Jan, 2025 New | 17,745 | 1,085 | 1,091 | 659 | 240.9 | 37 | Sep 13, 2024 | J-GAAP |
Revision Rate | +4.0% | +31.2% | +29.9% | +30.5% | +30.5% |
Current Period Guidance
Second Half Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Aug - Jan, 2023 | 7,412 | 301 | 294 | 168 | 77.8 | 49 | Mar 18, 2024 | J-GAAP |
Aug - Jan, 2024 Guidance | 8,183 | 274 | 278 | 150 | 54.8 | 37 | Sep 13, 2024 | J-GAAP |
YoY | +10.4% | -9.0% | -5.4% | -10.7% | -29.5% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jan, 2024 | 15,339 | 797 | 804 | 501 | 232.1 | 49 | Mar 18, 2024 | J-GAAP |
Jan, 2025 Guidance | 17,745 | 1,085 | 1,091 | 659 | 240.9 | 37 | Sep 13, 2024 | J-GAAP |
YoY | +15.7% | +36.1% | +35.7% | +31.5% | +3.8% |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Aug - Oct, 2023 | 3,878 | 229 | 227 | 123 | 61.5 | 5.9 | Dec 15, 2023 | J-GAAP |
Nov - Jan, 2023 | 3,534 | 72 | 67 | 45 | 20.9 | 2.0 | Mar 18, 2024 | J-GAAP |
Feb - Apr, 2024 | 5,316 | 553 | 548 | 365 | 133.6 | 10.4 | Jun 14, 2024 | J-GAAP |
May - Jul, 2024 | 4,246 | 258 | 265 | 144 | 52.8 | 6.1 | Sep 13, 2024 | J-GAAP |
YoY | - | - | - | - | - |
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