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

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%.

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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%

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