DAISHO CO.,LTD., First Half Ordinary Profit Increases by 40%, July-September Ordinary Profit Increases by 49%

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Tue Nov 5, 2024 3:00 pm JST Earnings

2816 DAISHO CO.,LTD. 【J-GAAP】

Earnings Report

DAISHO CO.,LTD. <2816> [TSE-S] announced its financial results in the afternoon session on November 5th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 420 million yen, an increase of 40.5% compared to the same period last year. The progress rate against the 730 million yen full-year plan was 57.5%, also surpassing the five-year average of 48.7%.

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 drop by 48.5% from the same period last year to 310 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 49.5% from the same period last year, reaching 411 million yen. The operating profit margin improved from 4.3% in the same period last year to 5.9%.

Kabutan News

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	10,963	281	287	180	18.7	57.7	Nov 2, 2022	J-GAAP
Apr - Sep, 2023	11,650	294	299	202	21.0	33.2	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	12,153	398	420	294	30.5	57.5	Nov 5, 2024	J-GAAP
YoY	+4.3%	+35.4%	+40.5%	+45.5%	+45.6%

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	12,100	400	420	290	30.0	9	Oct 28, 2024	J-GAAP
Apr - Sep, 2024 Results	12,153	398	420	294	30.5	9	Nov 5, 2024	J-GAAP
Revision Rate	+0.4%	-0.5%	0.0%	+1.4%	+1.6%

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	13,701	596	602	397	41.1	9	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,047	342	310	166	17.2	9	Nov 5, 2024	J-GAAP
YoY	+2.5%	-42.6%	-48.5%	-58.2%	-58.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	23,374	484	497	310	32.2	18	May 12, 2023	J-GAAP
Mar, 2024	25,351	890	901	599	62.1	18	May 13, 2024	J-GAAP
Mar, 2025 Guidance	26,200	740	730	460	47.7	18	May 13, 2024	J-GAAP
YoY	+3.3%	-16.9%	-19.0%	-23.2%	-23.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,340	273	275	181	18.8	4.3	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	8,401	991	996	689	71.4	11.8	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	5,300	-395	-394	-292	-30.3	-7.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	5,553	7	9	10	1.1	0.1	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	6,600	391	411	284	29.5	5.9	Nov 5, 2024	J-GAAP
YoY	+4.1%	+43.2%	+49.5%	+56.9%	+57.0%