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DAISHINKU CORP., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

Tue Nov 5, 2024 3:40 pm JST Earnings

6962 DAISHINKU CORP. 【J-GAAP】

Earnings Report

DAISHINKU CORP. <6962> [TSE-P] announced its financial results after the market closed on November 5th (15:40). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 78 million yen (compared to a profit of 1.97 billion yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 11.3% from the same period last year to 1.07 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 1.08 billion yen (compared to a profit of 925 million yen in the same period last year). The operating profit margin worsened from 3.8% in the same period last year to 3.5%.

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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 20,292 2,810 4,751 2,986 92.5 93.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 19,332 901 1,977 1,391 43.1 61.9 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 19,438 443 -550 -498 -15.4 ー Nov 5, 2024 J-GAAP
YoY +0.5% -50.8% － － －

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 － 14 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 19,438 443 -550 -498 -15.4 14 Nov 5, 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 20,011 1,234 1,215 485 15.0 14 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 20,562 1,057 1,550 998 31.4 14 Nov 5, 2024 J-GAAP
YoY +2.8% -14.3% +27.6% +105.8% +108.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 38,430 4,210 5,106 3,208 99.4 28 May 12, 2023 J-GAAP
Mar, 2024 39,343 2,135 3,192 1,876 58.1 28 May 13, 2024 J-GAAP
Mar, 2025 Guidance 40,000 1,500 1,000 500 15.7 28 May 13, 2024 J-GAAP
YoY +1.7% -29.7% -68.7% -73.3% -72.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,014 383 925 952 29.5 3.8 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 10,353 585 -117 -234 -7.3 5.7 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 9,658 649 1,332 719 22.3 6.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 9,827 416 836 379 11.8 4.2 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 9,611 27 -1,386 -877 -27.2 0.3 Nov 5, 2024 J-GAAP
YoY -4.0% -93.0% － － －

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