THE DAITO BANK, LTD., First Half Ordinary Profit Increases by 9%, July-September Ordinary Profit Increases by 9%

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Fri Nov 8, 2024 3:30 pm JST Earnings

8563 THE DAITO BANK, LTD. 【J-GAAP】

Earnings Report

THE DAITO BANK, LTD. <8563> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 9.0% from the same period last year, reaching 1.35 billion yen. The progress rate against the 1.9 billion yen full-year plan was 71.2%, also surpassing the five-year average of 59.5%.

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 16.0% from the same period last year to 547 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 9.2% from the same period last year, reaching 591 million yen.

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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	6,546	ー	1,540	856	67.7	76.4	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	6,574	ー	1,241	856	67.6	65.6	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	6,520	ー	1,353	917	72.4	71.2	Nov 8, 2024	J-GAAP
YoY	-0.8%	－	+9.0%	+7.1%	+7.2%

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	6,500	ー	1,350	910	71.8	－	Oct 30, 2024	J-GAAP
Apr - Sep, 2024 Results	6,520	ー	1,353	917	72.4	－	Nov 8, 2024	J-GAAP
Revision Rate	+0.3%	－	+0.2%	+0.8%	+0.8%

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	7,005	ー	651	399	31.5	30	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,080	ー	547	283	22.3	30	Nov 8, 2024	J-GAAP
YoY	-13.2%	－	-16.0%	-29.1%	-29.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,023	ー	2,017	1,283	101.4	30	May 12, 2023	J-GAAP
Mar, 2024	13,579	ー	1,892	1,255	99.0	30	May 10, 2024	J-GAAP
Mar, 2025 Guidance	12,600	ー	1,900	1,200	94.7	30	May 10, 2024	J-GAAP
YoY	-7.2%	－	+0.4%	-4.4%	-4.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,271	ー	541	336	26.5	0.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	3,284	ー	399	266	21.0	0.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	3,721	ー	252	133	10.5	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	3,289	ー	762	552	43.6	0.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,231	ー	591	365	28.8	0.0	Nov 8, 2024	J-GAAP
YoY	-1.2%	－	+9.2%	+8.6%	+8.7%