Daito Chemix Corporation, First Half Ordinary Profit Increases by 8.6 times

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Tue Oct 29, 2024 4:00 pm JST Earnings

4366 Daito Chemix Corporation 【J-GAAP】

Earnings Report

Daito Chemix Corporation <4366> [TSE-S] announced its financial results after the market closed on October 29th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 8.6 times that of the same period last year, reaching 353 million yen, exceeded the previous forecast of 210 million yen.

The progress rate against the 590 million yen full-year plan was 59.8%, also surpassing the five-year average of 48.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 237 million yen (compared to a loss of 773 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 189 million yen (compared to a loss of 80 million yen in the same period last year). The operating profit margin significantly improved from 0.4% in the same period last year to 4.2%.

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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
Apr - Sep, 2022	8,357	701	604	387	36.1	46.8	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	7,769	246	41	18	1.8	ー	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	9,296	380	353	218	20.4	59.8	Oct 29, 2024	J-GAAP
YoY	+19.7%	+54.5%	+761.0%	+1,111.1%	+1,064.6%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	9,200	250	210	110	10.3	5	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	9,296	380	353	218	20.4	5	Oct 29, 2024	J-GAAP
Revision Rate	+1.0%	+52.0%	+68.1%	+98.2%	+98.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	8,042	530	-773	-1,023	-95.4	5	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,204	260	237	122	11.4	5	Oct 29, 2024	J-GAAP
YoY	+14.4%	-50.9%	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	16,377	1,283	1,291	922	86.0	12	May 10, 2023	J-GAAP
Mar, 2024	15,811	776	-732	-1,005	-93.7	10	May 10, 2024	J-GAAP
Mar, 2025 Guidance	18,500	640	590	340	31.7	10	May 10, 2024	J-GAAP
YoY	+17.0%	-17.5%	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,104	17	-80	-27	-2.6	0.4	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	3,736	115	36	23	2.2	3.1	Jan 29, 2024	J-GAAP
Jan - Mar, 2024	4,306	415	-809	-1,046	-97.5	9.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	4,551	179	164	74	6.9	3.9	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	4,745	201	189	144	13.5	4.2	Oct 29, 2024	J-GAAP
YoY	+15.6%	+1,082.4%	－	－	－