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

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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	916	-78	-187	-5.8	ー	Nov 5, 2024	J-GAAP
YoY	+0.5%	+1.7%	－	－	－

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	916	-78	-187	-5.8	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	584	1,078	687	21.3	14	Nov 5, 2024	J-GAAP
YoY	+2.8%	-52.7%	-11.3%	+41.6%	+41.6%

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	15.5	28	May 13, 2024	J-GAAP
YoY	+1.7%	-29.7%	-68.7%	-73.3%	-73.3%

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	584	1,004	662	20.5	5.9	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	9,611	332	-1,082	-849	-26.3	3.5	Nov 5, 2024	J-GAAP
YoY	-4.0%	-13.3%	－	－	－