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

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%.

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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%

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