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Dainichi Co., Ltd., First Half Ordinary Profit Decreases by 66%, July-September Ordinary Profit Decreases by 36%

Thu Oct 31, 2024 4:00 pm JST Earnings

5951 Dainichi Co., Ltd. 【J-GAAP】

Earnings Report

Dainichi Co., Ltd. <5951> [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) significantly dropped by 65.8% from the same period last year to 200 million yen. The progress rate against the 1.3 billion yen full-year plan was 15.4%, also falling below the five-year average of 21.6%.

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 expand by 55.1% from the same period last year, reaching 1.1 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit dropped to 663 million yen, a 35.8% decrease compared to the same period last year. The operating profit margin decreased from 15.7% in the same period last year to 11.8%.

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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 7,355 356 455 323 20.0 27.5 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 7,685 487 585 397 24.6 45.2 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 6,544 103 200 124 7.7 15.4 Oct 31, 2024 J-GAAP
YoY -14.8% -78.9% -65.8% -68.8% -68.6%

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 ー ー ー ー － 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 6,544 103 200 124 7.7 0 Oct 31, 2024 J-GAAP
Revision Rate － － － － －

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 11,965 613 709 491 30.3 22 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 13,456 1,047 1,100 776 48.0 22 Oct 31, 2024 J-GAAP
YoY +12.5% +70.8% +55.1% +58.0% +58.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 21,212 1,447 1,657 1,210 74.8 22 May 12, 2023 J-GAAP
Mar, 2024 19,650 1,100 1,294 888 54.9 22 May 13, 2024 J-GAAP
Mar, 2025 Guidance 20,000 1,150 1,300 900 55.6 22 May 13, 2024 J-GAAP
YoY +1.8% +4.5% +0.5% +1.4% +1.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,384 1,001 1,032 713 44.1 15.7 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 10,660 1,471 1,534 1,102 68.1 13.8 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 1,305 -858 -825 -611 -37.8 -65.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,163 -531 -463 -327 -20.2 -45.7 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 5,381 634 663 451 28.0 11.8 Oct 31, 2024 J-GAAP
YoY -15.7% -36.7% -35.8% -36.7% -36.5%

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