Dainichiseika Color & Chemicals Mfg. Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 14%

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Fri Nov 8, 2024 4:00 pm JST Earnings

4116 Dainichiseika Color & Chemicals Mfg. Co., Ltd. 【J-GAAP】

Earnings Report

Dainichiseika Color & Chemicals Mfg. Co., Ltd. <4116> [TSE-P] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3.75 billion yen, an increase of 75.0% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 13.6%, from the previous forecast of 6.6 billion yen to 7.5 billion yen (compared to 5 billion yen in the previous period), increasing the growth rate from 31.9% to 49.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 31.1% from the same period last year, reaching 3.74 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 87.8% from the same period last year, reaching 1.65 billion yen. The operating profit margin significantly improved from 2.6% in the same period last year to 5.8%.

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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	62,087	1,791	2,457	1,620	87.7	72.8	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	59,512	1,708	2,144	2,544	141.0	42.9	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	62,127	3,475	3,751	8,024	467.7	50.0	Nov 8, 2024	J-GAAP
YoY	+4.4%	+103.5%	+75.0%	+215.4%	+231.7%

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	62,000	3,500	3,900	8,800	512.8	66	Aug 7, 2024	J-GAAP
Apr - Sep, 2024 Results	62,127	3,475	3,751	8,024	467.7	66	Nov 8, 2024	J-GAAP
Revision Rate	+0.2%	-0.7%	-3.8%	-8.8%	-8.8%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	123,300	6,000	6,600	10,600	617.7	132	Aug 7, 2024	J-GAAP
Mar, 2025 New	124,000	6,900	7,500	10,600	617.7	132	Nov 8, 2024	J-GAAP
Revision Rate	+0.6%	+15.0%	+13.6%	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	60,312	2,842	2,859	1,116	63.4	70	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	61,873	3,425	3,749	2,576	150.1	66	Nov 8, 2024	J-GAAP
YoY	+2.6%	+20.5%	+31.1%	+130.8%	+136.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	122,005	2,635	3,373	2,007	108.6	80	May 15, 2023	J-GAAP
Mar, 2024	119,824	4,550	5,003	3,660	208.0	110	May 15, 2024	J-GAAP
Mar, 2025 Guidance	124,000	6,900	7,500	10,600	617.7	132	Nov 8, 2024	J-GAAP
YoY	+3.5%	+51.6%	+49.9%	+189.6%	+197.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	29,173	771	883	961	53.3	2.6	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	31,066	1,878	1,791	1,198	67.5	6.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	29,246	964	1,068	-82	-4.7	3.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	31,349	1,698	2,093	1,525	88.9	5.4	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	30,778	1,777	1,658	6,499	378.8	5.8	Nov 8, 2024	J-GAAP
YoY	+5.5%	+130.5%	+87.8%	+576.3%	+611.2%