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DAIKO DENSHI TSUSHIN,LTD., First Half Ordinary Profit Decreases by 37%, July-September Ordinary Profit Decreases by 55%

Mon Nov 11, 2024 3:30 pm JST Earnings

8023 DAIKO XTECH, Ltd. 【J-GAAP】

Earnings Report

DAIKO DENSHI TSUSHIN,LTD. <8023> [TSE-S] 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) dropped by 37.4% from the same period last year to 894 million yen. The progress rate against the 2.25 billion yen full-year plan was 39.7%, which was higher than the five-year average of 32.6%.

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 12.3% from the same period last year to 1.35 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 568 million yen, a 54.6% decrease compared to the same period last year. The operating profit margin sharply declined from 10.4% in the same period last year to 5.1%.

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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 16,508 285 309 17 1.3 16.1 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 20,568 1,394 1,427 882 66.8 48.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 20,827 849 894 569 43.7 39.7 Nov 11, 2024 J-GAAP
YoY +1.3% -39.1% -37.4% -35.5% -34.6%

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 ー ー ー ー － 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 20,827 849 894 569 43.7 0 Nov 11, 2024 J-GAAP
Revision Rate － － － － －

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 22,810 1,502 1,546 956 72.7 29 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 20,173 1,351 1,356 881 69.1 30 Nov 11, 2024 J-GAAP
YoY -11.6% -10.1% -12.3% -7.8% -5.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 37,615 1,872 1,923 996 75.0 21 May 15, 2023 J-GAAP
Mar, 2024 43,378 2,896 2,973 1,838 139.9 29 May 15, 2024 J-GAAP
Mar, 2025 Guidance 41,000 2,200 2,250 1,450 113.8 30 May 15, 2024 J-GAAP
YoY -5.5% -24.0% -24.3% -21.1% -18.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,875 1,238 1,251 806 61.1 10.4 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 9,388 199 233 99 7.5 2.1 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 13,422 1,303 1,313 857 65.2 9.7 May 15, 2024 J-GAAP
Apr - Jun, 2024 9,749 288 326 200 15.4 3.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 11,078 561 568 369 28.4 5.1 Nov 11, 2024 J-GAAP
YoY -6.7% -54.7% -54.6% -54.2% -53.6%

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