Daiei Kankyo Co., Ltd., First Half Ordinary Profit Unexpectedly Revised Upward by 0.1％, Current Fiscal Year Dividend Revised Upward by 4 yen

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Fri Nov 8, 2024 11:30 am JST Earnings

9336 Daiei Kankyo Co., Ltd. 【J-GAAP】

Earnings Report

Daiei Kankyo Co., Ltd. <9336> [TSE-P] announced its financial results at noon (11:30) on November 8th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 10.1 billion yen, a 0.1% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 3.6% decrease.

The progress rate against the 20.7 billion yen full-year plan was 49.1%, almost the same as the same period of the previous year of 49.4%.

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 nearly flat at 10.5 billion yen, up 1.0% from the same period last year.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 42 yen to 46 yen (compared to 42 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 4.8 billion yen, a 11.3% decrease compared to the same period last year. The operating profit margin decreased from 27.6% in the same period last year to 26.9%.

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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, 2023	35,504	9,449	10,162	6,561	65.7	49.4	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	38,158	10,160	10,172	6,633	67.1	49.1	Nov 8, 2024	J-GAAP
YoY	+7.5%	+7.5%	+0.1%	+1.1%	+2.1%

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	38,000	9,800	9,800	6,500	66.0	21	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	38,158	10,160	10,172	6,633	67.1	23	Nov 8, 2024	J-GAAP
Revision Rate	+0.4%	+3.7%	+3.8%	+2.0%	+1.7%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	78,500	20,500	20,700	13,700	139.1	42	May 13, 2024	J-GAAP
Mar, 2025 New	78,500	20,500	20,700	13,700	139.1	46	Nov 8, 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	37,531	10,265	10,427	7,030	70.6	42	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	40,342	10,340	10,528	7,067	71.7	23	Nov 8, 2024	J-GAAP
YoY	+7.5%	+0.7%	+1.0%	+0.5%	+1.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	67,658	16,623	16,702	10,494	112.0	34	May 12, 2023	J-GAAP
Mar, 2024	73,035	19,714	20,589	13,591	136.4	42	May 13, 2024	J-GAAP
Mar, 2025 Guidance	78,500	20,500	20,700	13,700	139.1	46	Nov 8, 2024	J-GAAP
YoY	+7.5%	+4.0%	+0.5%	+0.8%	+1.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	17,900	4,936	5,414	3,547	35.5	27.6	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	19,167	5,676	5,735	3,754	37.6	29.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	18,364	4,589	4,692	3,276	32.9	25.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	19,353	5,096	5,369	3,497	35.3	26.3	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	18,805	5,064	4,803	3,136	31.7	26.9	Nov 8, 2024	J-GAAP
YoY	+5.1%	+2.6%	-11.3%	-11.6%	-10.7%