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DAIWA INDUSTRIES LTD., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 6%, July-September Ordinary Profit Decreases by 9%

Wed Nov 13, 2024 3:00 pm JST Earnings

6459 DAIWA INDUSTRIES LTD. 【J-GAAP】

Earnings Report

DAIWA INDUSTRIES LTD. <6459> [TSE-P] announced its financial results in the afternoon session on November 13th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 5.8% from the same period last year to 6.25 billion yen. The progress rate against the 8.14 billion yen full-year plan was 76.9%, below the five-year average of 82.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to expand by 40.1% from the same period last year, reaching 1.88 billion yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit decreased to 2.41 billion yen, a 9.1% decrease compared to the same period last year. The operating profit margin decreased from 21.1% in the same period last year to 18.5%.

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 33,048 5,423 5,328 3,402 66.7 77.6 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 35,430 6,757 6,645 4,524 91.7 83.2 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 36,008 6,349 6,257 4,256 86.2 76.9 Nov 13, 2024 J-GAAP
YoY +1.6% -6.0% -5.8% -5.9% -5.9%

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 23,308 4,080 4,002 2,842 57.6 15 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 23,993 4,397 4,299 3,038 61.5 15 Aug 8, 2024 J-GAAP
YoY +2.9% +7.8% +7.4% +6.9% +6.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 43,942 6,985 6,866 4,446 87.9 30 Feb 14, 2023 J-GAAP
Dec, 2023 45,969 8,137 7,989 5,537 112.2 30 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 46,800 8,300 8,140 5,640 114.3 30 Feb 14, 2024 J-GAAP
YoY +1.8% +2.0% +1.9% +1.9% +1.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,769 2,700 2,658 1,829 37.1 21.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 10,539 1,380 1,344 1,013 20.5 13.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 10,537 1,571 1,542 1,028 20.8 14.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 12,270 2,332 2,299 1,574 31.9 19.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 13,201 2,446 2,416 1,654 33.5 18.5 Nov 13, 2024 J-GAAP
YoY +3.4% -9.4% -9.1% -9.6% -9.6%

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