DAIDOH LIMITED, The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

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Tue Nov 12, 2024 3:30 pm JST Earnings

3205 DAIDOH LIMITED 【J-GAAP】

Earnings Report

DAIDOH LIMITED <3205> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 483 million yen (compared to a loss of 224 million yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 400 million yen.

In addition, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 70 million yen to a loss of 300 million yen (compared to a loss of 336 million yen in the previous period), turning to a loss outlook. However, the full-year consolidated net income has been revised upward by 35 times, from the previous forecast of 30 million yen to 1.05 billion yen (compared to 291 million yen in the previous period), turning to a 3.6 times increase in the consolidated net income outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 183 million yen (compared to a loss of 112 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 337 million yen (compared to a loss of 239 million yen in the same period last year). The operating profit/loss margin remained almost flat, changing from -3.7% in the same period last year to -3.7%.

Kabutan News

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	12,895	-850	-577	-696	-21.2	ー	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	13,981	-370	-224	-390	-12.9	ー	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	13,718	-456	-483	-202	-7.5	ー	Nov 12, 2024	J-GAAP
YoY	-1.9%	-23.2%	-115.6%	+48.2%	+42.1%

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	14,400	-450	-400	-300	-11.1	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	13,718	-456	-483	-202	-7.5	0	Nov 12, 2024	J-GAAP
Revision Rate	-4.7%	-1.3%	-20.8%	+32.7%	+32.7%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	30,300	100	70	30	1.1	100	Jul 4, 2024	J-GAAP
Mar, 2025 New	28,740	-150	-300	1,050	38.7	100	Nov 12, 2024	J-GAAP
Revision Rate	-5.1%	－	－	+3,400.0%	+3,414.5%

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	14,716	-72	-112	681	23.9	2	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	15,022	306	183	1,252	46.1	100	Nov 12, 2024	J-GAAP
YoY	+2.1%	－	－	+83.8%	+92.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	28,218	-481	-378	6,757	207.5	2	May 12, 2023	J-GAAP
Mar, 2024	28,697	-442	-336	291	10.2	2	May 14, 2024	J-GAAP
Mar, 2025 Guidance	28,740	-150	-300	1,050	38.7	100	Nov 12, 2024	J-GAAP
YoY	+0.1%	+66.1%	+10.7%	+260.8%	+278.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,901	-256	-239	-322	-10.7	-3.7	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	6,932	-205	-211	-373	-12.8	-3.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	7,784	133	99	1,054	37.0	1.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	6,882	-201	-146	-68	-2.6	-2.9	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	6,836	-255	-337	-134	-5.0	-3.7	Nov 12, 2024	J-GAAP
YoY	-0.9%	+0.4%	-41.0%	+58.4%	+53.5%