Daiseki Co.,Ltd., First Half Ordinary Profit Decreases by 3%

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Tue Oct 1, 2024 3:00 pm JST Earnings

9793 Daiseki Co.,Ltd. 【J-GAAP】

Earnings Report

Daiseki Co.,Ltd. <9793> [TSE-P] announced its financial results after the market closed on October 1st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was 7.71 billion yen, a 2.5% decrease compared to the same period last year. The progress rate against the 14.1 billion yen full-year plan was 54.7%, also surpassing the five-year average of 50.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to decrease by 15.3% from the same period last year to 6.38 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 3.49 billion yen, a 9.8% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 21.3% in the same period last year to 21.3%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Mar - Aug, 2022	28,369	6,245	6,484	4,331	86.5	49.6	Oct 3, 2022	J-GAAP
Mar - Aug, 2023	35,766	7,753	7,916	4,781	97.2	51.2	Oct 2, 2023	J-GAAP
Mar - Aug, 2024	32,791	7,327	7,715	4,881	101.3	54.7	Oct 1, 2024	J-GAAP
YoY	-8.3%	-5.5%	-2.5%	+2.1%	+4.3%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	32,700	6,700	6,800	4,200	87.5	33	Apr 4, 2024	J-GAAP
Mar - Aug, 2024 Results	32,791	7,327	7,715	4,881	101.3	33	Oct 1, 2024	J-GAAP
Revision Rate	+0.3%	+9.4%	+13.5%	+16.2%	+15.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	33,450	7,061	7,536	4,684	95.5	36	Apr 4, 2024	J-GAAP
Sep - Feb, 2024 Guidance	32,809	6,673	6,385	3,819	79.4	33	Oct 1, 2024	J-GAAP
YoY	-1.9%	-5.5%	-15.3%	-18.5%	-16.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	58,572	12,711	13,060	8,666	174.2	60	Apr 5, 2023	J-GAAP
Feb, 2024	69,216	14,814	15,452	9,465	193.1	66	Apr 4, 2024	J-GAAP
Feb, 2025 Guidance	65,600	14,000	14,100	8,700	181.0	66	Apr 4, 2024	J-GAAP
YoY	-5.2%	-5.5%	-8.7%	-8.1%	-6.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	17,892	3,818	3,876	2,350	47.8	21.3	Oct 2, 2023	J-GAAP
Sep - Nov, 2023	17,849	4,191	4,226	2,617	53.3	23.5	Jan 5, 2024	J-GAAP
Dec - Feb, 2023	15,601	2,870	3,310	2,067	42.2	18.4	Apr 4, 2024	J-GAAP
Mar - May, 2024	16,703	3,906	4,220	2,687	55.6	23.4	Jul 1, 2024	J-GAAP
Jun - Aug, 2024	16,088	3,421	3,495	2,194	45.5	21.3	Oct 1, 2024	J-GAAP
YoY	-10.1%	-10.4%	-9.8%	-6.6%	-4.6%