Daitron Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 21%, July-September Ordinary Profit Decreases by 22%

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Fri Nov 1, 2024 3:10 pm JST Earnings

7609 Daitron Co.,Ltd. 【J-GAAP】

Earnings Report

Daitron Co.,Ltd. <7609> [TSE-P] announced its financial results after the market closed on November 1st (15:10). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 20.7% from the same period last year to 3.82 billion yen. The progress rate against the 6.15 billion yen full-year plan was 62.2%, also falling below the five-year average of 72.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 95.0% from the same period last year, reaching 2.32 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 1 billion yen, a 22.4% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 5.6% in the same period last year to 5.4%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	64,168	4,728	4,894	3,301	297.5	78.8	Nov 4, 2022	J-GAAP
Jan - Sep, 2023	68,259	4,731	4,823	3,216	289.7	80.2	Nov 2, 2023	J-GAAP
Jan - Sep, 2024	66,589	3,848	3,826	2,575	231.9	62.2	Nov 1, 2024	J-GAAP
YoY	-2.4%	-18.7%	-20.7%	-19.9%	-19.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	46,298	2,468	2,480	1,658	149.4	70	Feb 7, 2024	J-GAAP
Jul - Dec, 2024 Guidance	47,725	3,340	3,324	2,216	199.5	70	Aug 1, 2024	J-GAAP
YoY	+3.1%	+35.3%	+34.0%	+33.7%	+33.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	87,639	6,051	6,210	4,237	381.8	115	Feb 7, 2023	J-GAAP
Dec, 2023	92,156	5,943	6,015	4,014	361.7	120	Feb 7, 2024	J-GAAP
Dec, 2024 Guidance	92,500	6,000	6,150	4,100	369.2	125	Aug 1, 2024	J-GAAP
YoY	+0.4%	+1.0%	+2.2%	+2.1%	+2.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	22,401	1,256	1,288	860	77.5	5.6	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	23,897	1,212	1,192	798	71.9	5.1	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	21,095	1,108	1,183	769	69.3	5.3	May 7, 2024	J-GAAP
Apr - Jun, 2024	23,680	1,552	1,643	1,115	100.4	6.6	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	21,814	1,188	1,000	691	62.2	5.4	Nov 1, 2024	J-GAAP
YoY	-2.6%	-5.4%	-22.4%	-19.7%	-19.7%