DAIKEN MEDICAL CO.,LTD, First Half Ordinary Profit Unexpectedly Revised Upward by 11%

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Thu Oct 31, 2024 4:00 pm JST Earnings

7775 DAIKEN MEDICAL CO.,LTD 【J-GAAP】

Earnings Report

DAIKEN MEDICAL CO.,LTD <7775> [TSE-S] announced its financial results after the market closed on October 31st (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 11.5% from the same period last year, reaching 836 million yen, resulting in an increase in profits compared to the previous forecast of a 6.7% decrease.

The progress rate against the 1.5 billion yen full-year plan was 55.7%, also surpassing the five-year average of 51.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 5.1% from the same period last year to 664 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 7.1% from the same period last year, reaching 438 million yen. The operating profit margin rose from 16.5% in the same period last year to 17.4%.

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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	4,454	605	605	429	14.9	57.5	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	4,824	745	750	537	18.7	51.7	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	4,914	836	836	608	21.2	55.7	Oct 31, 2024	J-GAAP
YoY	+1.9%	+12.2%	+11.5%	+13.2%	+13.2%

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	4,950	700	700	480	16.7	9	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	4,914	836	836	608	21.2	9	Oct 31, 2024	J-GAAP
Revision Rate	-0.7%	+19.4%	+19.4%	+26.7%	+26.8%

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	4,926	697	700	451	15.7	12	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,186	664	664	422	14.7	13	Oct 31, 2024	J-GAAP
YoY	+5.3%	-4.7%	-5.1%	-6.4%	-6.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,137	1,054	1,053	712	24.8	20	May 15, 2023	J-GAAP
Mar, 2024	9,750	1,442	1,450	988	34.4	21	May 15, 2024	J-GAAP
Mar, 2025 Guidance	10,100	1,500	1,500	1,030	35.9	22	May 15, 2024	J-GAAP
YoY	+3.6%	+4.0%	+3.4%	+4.3%	+4.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,463	406	409	293	10.2	16.5	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	2,582	492	492	351	12.2	19.1	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	2,344	205	208	100	3.5	8.7	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,395	397	398	289	10.1	16.6	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	2,519	439	438	319	11.1	17.4	Oct 31, 2024	J-GAAP
YoY	+2.3%	+8.1%	+7.1%	+8.9%	+8.9%