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Daiseki Eco. Solution Co.,Ltd., First Half Ordinary Profit Decreases by 39%, June-Augus Ordinary Profit Decreases by 40%

Tue Oct 1, 2024 3:00 pm JST Earnings

1712 Daiseki Eco. Solution Co.,Ltd. 【J-GAAP】

Earnings Report

Daiseki Eco. Solution Co.,Ltd. <1712> [TSE-S] 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) dropped by 38.7% from the same period last year to 1.07 billion yen. The progress rate against the 2.25 billion yen full-year plan was 47.8%, almost the same as the five-year average of 49.5%.

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 grow by 10.5% from the same period last year, reaching 1.17 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit dropped to 522 million yen, a 40.0% decrease compared to the same period last year. However, the operating profit margin rose from 12.2% in the same period last year to 12.3%.

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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 7,358 456 466 206 12.3 33.0 Oct 3, 2022 J-GAAP
Mar - Aug, 2023 13,632 1,741 1,754 1,092 65.0 62.2 Oct 2, 2023 J-GAAP
Mar - Aug, 2024 8,907 1,067 1,075 596 35.5 47.8 Oct 1, 2024 J-GAAP
YoY -34.7% -38.7% -38.7% -45.4% -45.3%

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 8,675 1,053 1,064 611 36.4 7 Apr 4, 2024 J-GAAP
Mar - Aug, 2024 Results 8,907 1,067 1,075 596 35.5 7 Oct 1, 2024 J-GAAP
Revision Rate +2.7% +1.3% +1.0% -2.5% -2.4%

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 10,518 1,051 1,064 689 41.0 7 Apr 4, 2024 J-GAAP
Sep - Feb, 2024 Guidance 8,847 1,177 1,176 676 40.3 7 Oct 1, 2024 J-GAAP
YoY -15.9% +12.0% +10.5% -1.9% -1.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 16,411 1,373 1,412 724 43.1 10 Apr 5, 2023 J-GAAP
Feb, 2024 24,150 2,792 2,818 1,781 106.1 12 Apr 4, 2024 J-GAAP
Feb, 2025 Guidance 17,754 2,244 2,251 1,272 75.8 14 Apr 4, 2024 J-GAAP
YoY -26.5% -19.6% -20.1% -28.6% -28.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 6,991 850 870 546 32.5 12.2 Oct 2, 2023 J-GAAP
Sep - Nov, 2023 5,943 790 797 475 28.3 13.3 Jan 5, 2024 J-GAAP
Dec - Feb, 2023 4,575 261 267 214 12.7 5.7 Apr 4, 2024 J-GAAP
Mar - May, 2024 4,747 555 553 302 18.0 11.7 Jul 1, 2024 J-GAAP
Jun - Aug, 2024 4,160 512 522 294 17.5 12.3 Oct 1, 2024 J-GAAP
YoY -40.5% -39.8% -40.0% -46.2% -46.1%

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