KK DI-NIKKO ENGINEERING, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 52%, July-September Ordinary Profit Increases by 11%

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Wed Nov 13, 2024 12:00 pm JST Earnings

6635 KK DI-NIKKO ENGINEERING 【J-GAAP】

Earnings Report

KK DI-NIKKO ENGINEERING <6635> [TSE-S] announced its financial results at noon (12:00) on November 13th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 573 million yen, an increase of 51.6% compared to the same period last year. The progress rate against the 595 million yen full-year plan was 96.3%, also surpassing the five-year average of 69.6%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to significant drop by 89.9% from the same period last year to 22 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 10.7% from the same period last year, reaching 197 million yen. However, the operating profit margin remained almost flat, changing from 2.0% in the same period last year to 1.8%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	25,584	479	481	550	102.3	89.7	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	28,521	372	378	266	39.6	63.5	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	28,772	544	573	421	62.4	96.3	Nov 13, 2024	J-GAAP
YoY	+0.9%	+46.2%	+51.6%	+58.3%	+57.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	20,764	409	395	213	31.7	6	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	20,782	242	219	99	14.6	6	Aug 13, 2024	J-GAAP
YoY	+0.1%	-40.8%	-44.6%	-53.5%	-53.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	33,939	648	536	995	177.8	12	Feb 14, 2023	J-GAAP
Dec, 2023	39,202	583	595	349	51.9	12	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	40,000	610	595	360	53.3	12	Feb 14, 2024	J-GAAP
YoY	+2.0%	+4.6%	0.0%	+3.2%	+2.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,083	198	178	130	19.4	2.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	10,681	211	217	83	12.3	2.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	9,608	207	207	129	19.2	2.2	May 15, 2024	J-GAAP
Apr - Jun, 2024	9,610	161	169	132	19.5	1.7	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	9,554	176	197	160	23.7	1.8	Nov 13, 2024	J-GAAP
YoY	-5.2%	-11.1%	+10.7%	+23.1%	+22.5%