DAIKI ALUMINIUM INDUSTRY CO.,LTD., July-September (2Q) Ordinary Profit Increases by 2.1 times

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Thu Nov 14, 2024 11:00 am JST Earnings

5702 DAIKI ALUMINIUM INDUSTRY CO.,LTD. 【J-GAAP】

Earnings Report

DAIKI ALUMINIUM INDUSTRY CO.,LTD. <5702> [TSE-P] announced its financial results in the morning on November 14th (11:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 5.9% from the same period last year to 2.52 billion yen. However, The progress rate against the 3.75 billion yen full-year plan was 67.2%, also surpassing the five-year average of 53.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 17.4% from the same period last year to 1.23 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.1 times that of the same period last year, reaching 1.68 billion yen. The operating profit margin improved from 1.3% in the same period last year to 2.4%.

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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	144,263	10,770	10,928	7,292	180.0	78.7	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	132,120	2,745	2,678	2,585	63.8	64.3	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	137,147	2,640	2,520	1,596	39.6	67.2	Nov 14, 2024	J-GAAP
YoY	+3.8%	-3.8%	-5.9%	-38.3%	-38.0%

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	137,147	2,640	2,520	1,596	40.3	25	Oct 31, 2024	J-GAAP
Apr - Sep, 2024 Results	137,147	2,640	2,520	1,596	39.6	25	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	-1.9%

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	130,551	1,874	1,489	659	16.3	20	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	154,053	2,150	1,230	514	13.0	30	Oct 31, 2024	J-GAAP
YoY	+18.0%	+14.7%	-17.4%	-22.0%	-20.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	273,033	13,744	13,890	9,726	240.1	70	May 12, 2023	J-GAAP
Mar, 2024	262,671	4,619	4,167	3,244	80.1	50	May 14, 2024	J-GAAP
Mar, 2025 Guidance	291,200	4,790	3,750	2,110	53.3	55	Oct 31, 2024	J-GAAP
YoY	+10.9%	+3.7%	-10.0%	-35.0%	-33.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	69,099	929	786	1,352	33.4	1.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	69,766	556	359	-146	-3.6	0.8	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	60,785	1,318	1,130	805	19.9	2.2	May 14, 2024	J-GAAP
Apr - Jun, 2024	62,551	816	834	524	13.0	1.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	74,596	1,824	1,686	1,072	26.6	2.4	Nov 14, 2024	J-GAAP
YoY	+8.0%	+96.3%	+114.5%	-20.7%	-20.4%