kabutan

DAIICHI KOUTSU SANGYO Co.,Ltd., First Half Ordinary Profit Decreases by 37%, July-September Ordinary Profit Decreases by 12%

Thu Nov 7, 2024 2:00 pm JST Earnings

9035 DAIICHI KOUTSU SANGYO Co.,Ltd. 【J-GAAP】

Earnings Report

DAIICHI KOUTSU SANGYO Co.,Ltd. <9035> [FukuokaSE] announced its financial results in the afternoon session on November 7th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 36.9% from the same period last year to 1.06 billion yen. The progress rate against the 4.1 billion yen full-year plan was 25.9%, also falling below the five-year average of 40.9%.

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 expand by 30.7% from the same period last year, reaching 3.03 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 981 million yen, a 12.3% decrease compared to the same period last year. The operating profit margin worsened from 4.0% in the same period last year to 3.0%.

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 42,587 704 1,419 856 25.1 33.7 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 44,012 1,213 1,683 800 23.5 42.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 45,733 668 1,062 534 15.7 25.9 Nov 7, 2024 J-GAAP
YoY +3.9% -44.9% -36.9% -33.3% -33.3%

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 44,200 450 750 400 11.7 10 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 45,733 668 1,062 534 15.7 10 Nov 7, 2024 J-GAAP
Revision Rate +3.5% +48.4% +41.6% +33.5% +33.8%

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 56,699 1,841 2,325 119 3.5 15 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 58,067 2,832 3,038 1,766 51.8 15 Nov 7, 2024 J-GAAP
YoY +2.4% +53.8% +30.7% +1,384.0% +1,379.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 98,972 2,650 4,212 2,150 63.1 25 May 11, 2023 J-GAAP
Mar, 2024 100,711 3,054 4,008 919 27.0 25 May 9, 2024 J-GAAP
Mar, 2025 Guidance 103,800 3,500 4,100 2,300 67.4 25 May 9, 2024 J-GAAP
YoY +3.1% +14.6% +2.3% +150.3% +149.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 24,883 995 1,119 504 14.8 4.0 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 26,744 896 1,119 682 20.0 3.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 29,955 945 1,206 -563 -16.5 3.2 May 9, 2024 J-GAAP
Apr - Jun, 2024 19,752 -123 81 19 0.6 -0.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 25,981 791 981 515 15.1 3.0 Nov 7, 2024 J-GAAP
YoY +4.4% -20.5% -12.3% +2.2% +2.2%

Related Articles