DAISUE CONSTRUCTION CO., LTD., First Half Ordinary Profit Increases by 4.2 times, July-September Ordinary Profit Turns to Profit

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Wed Nov 6, 2024 4:00 pm JST Earnings

1814 DAISUE CONSTRUCTION CO., LTD. 【J-GAAP】

Earnings Report

DAISUE CONSTRUCTION CO., LTD. <1814> [TSE-P] announced its financial results after the market closed on November 6th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 4.2 times that of the same period last year, reaching 1.13 billion yen. The progress rate against the 2.58 billion yen full-year plan was 44.1%, exceeding the five-year average of 40.6%.

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 grow by 8.3% from the same period last year, reaching 1.44 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 581 million yen (compared to a loss of 49 million yen in the same period last year). The operating profit/loss margin significantly improved from -0.2% in the same period last year to 2.8%.

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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	38,818	931	957	674	64.6	49.4	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	36,252	233	270	277	26.5	16.9	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	41,057	1,117	1,138	757	72.7	44.1	Nov 6, 2024	J-GAAP
YoY	+13.3%	+379.4%	+321.5%	+173.3%	+174.9%

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	41,000	1,110	1,130	750	71.8	44.50	Oct 25, 2024	J-GAAP
Apr - Sep, 2024 Results	41,057	1,117	1,138	757	72.7	44.50	Nov 6, 2024	J-GAAP
Revision Rate	+0.1%	+0.6%	+0.7%	+0.9%	+1.3%

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	41,563	1,357	1,332	958	92.5	35	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	42,843	1,483	1,442	943	90.2	44.50	Nov 6, 2024	J-GAAP
YoY	+3.1%	+9.3%	+8.3%	-1.6%	-2.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	71,834	1,887	1,939	1,321	126.2	64	May 9, 2023	J-GAAP
Mar, 2024	77,815	1,590	1,602	1,235	119.2	70	May 8, 2024	J-GAAP
Mar, 2025 Guidance	83,900	2,600	2,580	1,700	162.7	89	May 8, 2024	J-GAAP
YoY	+7.8%	+63.5%	+61.0%	+37.7%	+36.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	18,899	-41	-49	74	7.1	-0.2	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	20,503	263	293	198	18.9	1.3	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	21,060	1,094	1,039	760	73.4	5.2	May 8, 2024	J-GAAP
Apr - Jun, 2024	19,901	520	557	379	36.5	2.6	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	21,156	597	581	378	36.3	2.8	Nov 6, 2024	J-GAAP
YoY	+11.9%	－	－	+410.8%	+413.6%