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DAIDO METAL CO., LTD., July-September (2Q) Ordinary Profit Decreases by 7%

Thu Nov 7, 2024 1:00 pm JST Earnings

7245 DAIDO METAL CO., LTD. 【J-GAAP】

Earnings Report

DAIDO METAL CO., LTD. <7245> [TSE-P] announced its financial results in the afternoon session on November 7th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 18.4% from the same period last year, reaching 2.62 billion yen. However, The progress rate against the 5.7 billion yen full-year plan was 46.0%, almost the same as the five-year average of 45.9%.

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 14.8% from the same period last year to 3.08 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.26 billion yen, a 7.0% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 3.9% in the same period last year to 3.7%.

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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 56,944 664 941 -2,475 -52.8 32.3 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 63,383 2,210 2,212 615 13.1 38.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 68,432 2,708 2,620 528 11.2 46.0 Nov 7, 2024 J-GAAP
YoY +8.0% +22.5% +18.4% -14.1% -14.2%

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 65,000 2,400 2,300 1,000 21.2 7 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 68,432 2,708 2,620 528 11.2 7 Nov 7, 2024 J-GAAP
Revision Rate +5.3% +12.8% +13.9% -47.2% -47.2%

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 65,355 3,874 3,613 1,954 41.5 13 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 62,568 3,292 3,080 1,972 41.8 8 Nov 7, 2024 J-GAAP
YoY -4.3% -15.0% -14.8% +0.9% +0.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 115,480 2,824 2,909 -2,208 -47.1 12 May 11, 2023 J-GAAP
Mar, 2024 128,738 6,084 5,825 2,569 54.5 15 May 14, 2024 J-GAAP
Mar, 2025 Guidance 131,000 6,000 5,700 2,500 53.0 15 May 14, 2024 J-GAAP
YoY +1.8% -1.4% -2.1% -2.7% -2.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 33,404 1,316 1,363 446 9.5 3.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 33,614 1,836 1,509 316 6.7 5.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 31,741 2,038 2,104 1,638 34.8 6.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 33,215 1,389 1,352 467 9.9 4.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 35,217 1,319 1,268 61 1.3 3.7 Nov 7, 2024 J-GAAP
YoY +5.4% +0.2% -7.0% -86.3% -86.4%

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