Daitobo Co., Ltd., First Half Ordinary Profit Increases by 28%, July-September Ordinary Profit Increases by 4.0 times

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Wed Nov 6, 2024 2:00 pm JST Earnings

3202 Daitobo Co., Ltd. 【J-GAAP】

Earnings Report

Daitobo Co., Ltd. <3202> [TSE-S] announced its financial results in the afternoon session on November 6th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 28.1% from the same period last year, reaching 73 million yen. However, The progress rate against the 180 million yen full-year plan was 40.6%, almost the same as the five-year average of 38.2%.

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 expand by 30.5% from the same period last year, reaching 107 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 4.0 times that of the same period last year, reaching 52 million yen. The operating profit margin significantly improved from 6.3% in the same period last year to 9.7%.

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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	1,945	90	0	2	0.1	0.0	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	1,883	142	57	48	1.6	41.0	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	2,000	171	73	38	1.3	40.6	Nov 6, 2024	J-GAAP
YoY	+6.2%	+20.4%	+28.1%	-20.8%	-20.5%

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	2,100	180	70	40	1.3	0	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	2,000	171	73	38	1.3	－	Nov 6, 2024	J-GAAP
Revision Rate	-4.8%	-5.0%	+4.3%	-5.0%	-4.5%

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	2,150	176	82	105	3.5	2	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,300	219	107	72	2.4	3	Nov 6, 2024	J-GAAP
YoY	+7.0%	+24.4%	+30.5%	-31.4%	-31.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,997	214	22	69	2.3	1	May 10, 2023	J-GAAP
Mar, 2024	4,033	318	139	153	5.1	2	May 9, 2024	J-GAAP
Mar, 2025 Guidance	4,300	390	180	110	3.7	3	May 9, 2024	J-GAAP
YoY	+6.6%	+22.6%	+29.5%	-28.1%	-27.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	986	62	13	17	0.6	6.3	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	1,023	95	46	37	1.2	9.3	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	1,127	81	36	68	2.3	7.2	May 9, 2024	J-GAAP
Apr - Jun, 2024	910	65	21	7	0.2	7.1	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	1,090	106	52	31	1.0	9.7	Nov 6, 2024	J-GAAP
YoY	+10.5%	+71.0%	+300.0%	+82.4%	+82.5%