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

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Mon Nov 11, 2024 3:30 pm JST Earnings

8023 DAIKO DENSHI TSUSHIN,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	68.0	30	Nov 11, 2024	J-GAAP
YoY	-11.6%	-10.1%	-12.3%	-7.8%	-6.6%

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	111.9	30	May 15, 2024	J-GAAP
YoY	-5.5%	-24.0%	-24.3%	-21.1%	-20.0%

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%