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

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 21.9 72.8 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 59,512 1,708 2,144 2,544 35.3 42.9 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 62,127 3,475 3,751 8,024 116.9 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 8,800 128.2 16.50 Aug 7, 2024 J-GAAP
Apr - Sep, 2024 Results 62,127 3,475 3,751 8,024 116.9 16.50 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 10,600 154.4 33 Aug 7, 2024 J-GAAP
Mar, 2025 New 124,000 6,900 7,500 10,600 154.4 33 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 15.9 17.50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 61,873 3,425 3,749 2,576 37.5 16.50 Nov 8, 2024 J-GAAP
YoY +2.6% +20.5% +31.1% +130.8% +136.8%

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 27.2 20 May 15, 2023 J-GAAP
Mar, 2024 119,824 4,550 5,003 3,660 52.0 27.50 May 15, 2024 J-GAAP
Mar, 2025 Guidance 124,000 6,900 7,500 10,600 154.4 33 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 13.3 2.6 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 31,066 1,878 1,791 1,198 16.9 6.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 29,246 964 1,068 -82 -1.2 3.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 31,349 1,698 2,093 1,525 22.2 5.4 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 30,778 1,777 1,658 6,499 94.7 5.8 Nov 8, 2024 J-GAAP
YoY +5.5% +130.5% +87.8% +576.3% +611.0%

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