DAYTONA CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 7%, July-September Ordinary Profit Decreases by 5%

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Fri Nov 8, 2024 12:00 pm JST Earnings

7228 DAYTONA CORPORATION 【J-GAAP】

Earnings Report

DAYTONA CORPORATION <7228> [TSE-S] announced its financial results at noon (12:00) on November 8th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 7.2% from the same period last year to 1.33 billion yen. The progress rate against the 1.78 billion yen full-year plan was 74.9%, also falling below the five-year average of 79.6%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 44.5% from the same period last year, reaching 448 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 541 million yen, a 5.3% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 14.1% in the same period last year to 14.1%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	11,055	1,720	1,773	1,207	512.6	83.8	Nov 8, 2022	J-GAAP
Jan - Sep, 2023	10,445	1,412	1,439	995	420.6	82.3	Nov 8, 2023	J-GAAP
Jan - Sep, 2024	10,658	1,308	1,336	931	392.9	74.9	Nov 8, 2024	J-GAAP
YoY	+2.0%	-7.4%	-7.2%	-6.4%	-6.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	7,216	806	881	599	253.2	121	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	7,575	1,003	989	660	278.0	129	Aug 7, 2024	J-GAAP
YoY	+5.0%	+24.4%	+12.3%	+10.2%	+9.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	14,586	2,056	2,116	1,433	608.2	123	Feb 14, 2023	J-GAAP
Dec, 2023	13,961	1,698	1,749	1,181	499.2	121	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	14,413	1,772	1,784	1,214	511.3	129	Feb 14, 2024	J-GAAP
YoY	+3.2%	+4.4%	+2.0%	+2.8%	+2.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,700	520	571	413	174.6	14.1	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	3,516	286	310	186	78.6	8.1	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,979	243	245	173	73.1	8.2	May 9, 2024	J-GAAP
Apr - Jun, 2024	3,859	526	550	381	160.7	13.6	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	3,820	539	541	377	159.1	14.1	Nov 8, 2024	J-GAAP
YoY	+3.2%	+3.7%	-5.3%	-8.7%	-8.9%