DAIICHI JITSUGYO CO., LTD., First Half Ordinary Profit Increases by 2.0 times, Current Fiscal Year Dividend Revised Upward by 5 yen

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Wed Nov 6, 2024 2:00 pm JST Earnings

8059 DAIICHI JITSUGYO CO., LTD. 【J-GAAP】

Earnings Report

DAIICHI JITSUGYO CO., LTD. <8059> [TSE-P] 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) surged by 2.0 times that of the same period last year, reaching 6.21 billion yen. The progress rate against the 10.3 billion yen full-year plan was 60.3%, also surpassing the five-year average of 43.7%.

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 drop by 31.6% from the same period last year to 4.08 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 72 yen to 77 yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 88.1% from the same period last year, reaching 4.37 billion yen. The operating profit margin improved from 5.4% in the same period last year to 7.0%.

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	69,459	2,859	3,229	2,272	70.7	45.4	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	78,638	3,094	3,033	2,464	77.8	33.7	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	101,288	6,126	6,214	4,290	135.2	60.3	Nov 6, 2024	J-GAAP
YoY	+28.8%	+98.0%	+104.9%	+74.1%	+73.9%

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	－	36	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	101,288	6,126	6,214	4,290	135.2	41	Nov 6, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	200,000	10,000	10,300	7,300	230.0	72	May 9, 2024	J-GAAP
Mar, 2025 New	200,000	10,000	10,300	7,300	230.0	77	Nov 6, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	109,152	5,996	5,971	4,997	157.6	45	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	98,712	3,874	4,086	3,010	94.9	36	Nov 6, 2024	J-GAAP
YoY	-9.6%	-35.4%	-31.6%	-39.8%	-39.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	153,674	6,717	7,108	6,316	197.3	59.33	May 12, 2023	J-GAAP
Mar, 2024	187,790	9,090	9,004	7,461	235.3	71	May 9, 2024	J-GAAP
Mar, 2025 Guidance	200,000	10,000	10,300	7,300	230.0	77	Nov 6, 2024	J-GAAP
YoY	+6.5%	+10.0%	+14.4%	-2.2%	-2.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	44,250	2,404	2,328	2,021	63.8	5.4	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	38,807	1,420	1,731	1,825	57.6	3.7	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	70,345	4,576	4,240	3,172	100.1	6.5	May 9, 2024	J-GAAP
Apr - Jun, 2024	43,372	2,098	1,835	1,084	34.2	4.8	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	57,916	4,028	4,379	3,206	101.1	7.0	Nov 6, 2024	J-GAAP
YoY	+30.9%	+67.6%	+88.1%	+58.6%	+58.5%