Daikokuya Holdings Co.,LTD., The Current Fiscal Year Net Income Revised Downward to a Loss

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Tue Nov 12, 2024 3:30 pm JST Earnings

6993 Daikokuya Holdings Co.,LTD. 【J-GAAP】

Earnings Report

Daikokuya Holdings Co.,LTD. <6993> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 448 million yen (compared to a loss of 164 million yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 164 million yen.

In addition, the full-year consolidated net income/loss has been revised downward from an expected profit of 11 million yen to a loss of 669 million yen (compared to a loss of 539 million yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net loss for the October to March period (second half) is expected to further decrease to loss of 221 million yen (compared to a loss of 375 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net loss expanded to a loss of 252 million yen (compared to a loss of 81 million yen in the same period last year). The operating profit/loss margin drastically worsened from -1.9% in the same period last year to -8.6%.

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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	6,687	-32	-110	-208	-1.8	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	5,514	-8	-64	-164	-1.4	ー	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	5,000	-364	-474	-448	-3.4	ー	Nov 12, 2024	J-GAAP
YoY	-9.3%	-4,450.0%	-640.6%	-173.2%	-141.8%

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	5,775	50	-63	-164	-1.1	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	5,000	-364	-474	-448	-3.4	0	Nov 12, 2024	J-GAAP
Revision Rate	-13.4%	－	-652.4%	-173.2%	-218.7%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	15,887	648	395	11	0.1	0	May 13, 2024	J-GAAP
Mar, 2025 New	11,480	-352	-636	-669	-4.2	0	Nov 12, 2024	J-GAAP
Revision Rate	-27.7%	－	－	－	－

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	5,453	-135	-382	-375	-3.2	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,480	12	-162	-221	-1.4	0	Nov 12, 2024	J-GAAP
YoY	+18.8%	－	+57.6%	+41.1%	+57.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	12,447	124	-35	-279	-2.4	0	May 12, 2023	J-GAAP
Mar, 2024	10,967	-143	-446	-539	-4.6	0	May 13, 2024	J-GAAP
Mar, 2025 Guidance	11,480	-352	-636	-669	-4.2	0	Nov 12, 2024	J-GAAP
YoY	+4.7%	-146.2%	-42.6%	-24.1%	+9.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,650	-51	-82	-81	-0.7	-1.9	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	2,941	7	-221	-214	-1.8	0.2	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,512	-142	-161	-161	-1.4	-5.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	2,654	-163	-184	-196	-1.6	-6.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,346	-201	-290	-252	-1.9	-8.6	Nov 12, 2024	J-GAAP
YoY	-11.5%	-294.1%	-253.7%	-211.1%	-174.3%