DAIICHIKOSHO CO. , LTD., First Half Ordinary Profit Decreases by 8%

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Mon Nov 11, 2024 3:30 pm JST Earnings

7458 DAIICHIKOSHO CO. , LTD. 【J-GAAP】

Earnings Report

DAIICHIKOSHO CO. , LTD. <7458> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 7.9% from the same period last year to 8.99 billion yen. The progress rate against the 18.9 billion yen full-year plan was 47.6%, almost the same as the five-year average of 48.5%.

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 grow by 1.1% from the same period last year, reaching 9.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 4.82 billion yen, an increase of 1.5% compared to the same period last year. However, the operating profit margin decreased from 12.9% in the same period last year to 11.6%.

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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	60,671	5,469	5,773	5,990	54.9	42.4	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	71,256	9,377	9,758	6,576	60.9	49.9	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	74,321	8,996	8,991	9,598	90.4	47.6	Nov 11, 2024	J-GAAP
YoY	+4.3%	-4.1%	-7.9%	+46.0%	+48.5%

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	74,300	8,700	8,400	9,300	88.3	28	Aug 8, 2024	J-GAAP
Apr - Sep, 2024 Results	74,321	8,996	8,991	9,598	90.4	28	Nov 11, 2024	J-GAAP
Revision Rate	+0.0%	+3.4%	+7.0%	+3.2%	+2.4%

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	75,490	9,224	9,803	5,992	55.8	29	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	78,379	9,804	9,909	6,602	63.2	29	Nov 11, 2024	J-GAAP
YoY	+3.8%	+6.3%	+1.1%	+10.2%	+13.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	128,156	12,954	13,601	8,320	76.2	56.50	May 15, 2023	J-GAAP
Mar, 2024	146,746	18,601	19,561	12,568	117.0	57	May 13, 2024	J-GAAP
Mar, 2025 Guidance	152,700	18,800	18,900	16,200	155.0	57	Aug 8, 2024	J-GAAP
YoY	+4.1%	+1.1%	-3.4%	+28.9%	+32.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	35,875	4,620	4,755	3,133	29.0	12.9	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	38,608	5,721	5,925	3,955	36.8	14.8	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	36,882	3,503	3,878	2,037	19.0	9.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	36,886	4,647	4,164	3,407	32.0	12.6	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	37,435	4,349	4,827	6,191	58.3	11.6	Nov 11, 2024	J-GAAP
YoY	+4.3%	-5.9%	+1.5%	+97.6%	+101.0%