Daiwa Co.,Ltd., First Half Net Income Revised Upward by 3.1 times, Full Year also Increased

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Fri Oct 4, 2024 3:30 pm JST Revision

8247 Daiwa Co.,Ltd. 【J-GAAP】

Guidance Update Report

Daiwa Co.,Ltd. <8247> [TSE-S] announced a performance revision after the market closed on October 4th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending February 2025 (March to August) has been revised upward by 3.1 times, from the previous forecast of 50 million yen to 155 million yen (compared to 192 million yen in the same period of the previous year), and the declining rate is expected to decrease from 74.0% to 19.3%.

Following the strong performance in the first half, the full-year consolidated net income has been revised upward by 80.0%, from the previous forecast of 100 million yen to 180 million yen (compared to 652 million yen in the previous period), and the declining rate is expected to decrease from 84.7% to 72.4%.

At the same time, the year-end lump-sum dividend remains undecided.

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Prev	8,000	150	100	50	8.9	0	Apr 11, 2024	J-GAAP
Mar - Aug, 2024 New	8,180	125	135	155	27.6	0	Oct 4, 2024	J-GAAP
Revision Rate	+2.3%	-16.7%	+35.0%	+210.0%	+210.1%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	16,700	300	150	100	17.8	－	Apr 11, 2024	J-GAAP
Feb, 2025 New	16,700	300	150	180	32.1	－	Oct 4, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+80.0%	+80.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2023	7,927	107	205	192	34.3	0	Oct 12, 2023	J-GAAP
Mar - Aug, 2024 Guidance	8,180	125	135	155	27.6	0	Oct 4, 2024	J-GAAP
YoY	+3.2%	+16.8%	-34.1%	-19.3%	-19.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	15,852	103	137	70	12.6	0	Apr 13, 2023	J-GAAP
Feb, 2024	16,537	222	283	652	116.3	0	Apr 11, 2024	J-GAAP
Feb, 2025 Guidance	16,700	300	150	180	32.1	－	Oct 4, 2024	J-GAAP
YoY	+1.0%	+35.1%	-47.0%	-72.4%	-72.4%