Daiki Axis Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 48%, July-September Ordinary Profit Increases by 32%

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Thu Nov 14, 2024 12:30 pm JST Earnings

4245 Daiki Axis Co.,Ltd. 【J-GAAP】

Earnings Report

Daiki Axis Co.,Ltd. <4245> [TSE-S] announced its financial results at noon (12:30) on November 14th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 763 million yen, an increase of 48.4% compared to the same period last year. The progress rate against the 800 million yen full-year plan was 95.4%, also surpassing the five-year average of 73.7%.

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 88.5% from the same period last year to 37 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 32.4% from the same period last year, reaching 135 million yen. The operating profit margin improved from 0.3% in the same period last year to 1.1%.

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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	29,059	590	865	489	36.8	73.8	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	31,248	360	514	17	1.3	61.4	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	33,522	677	763	233	17.6	95.4	Nov 14, 2024	J-GAAP
YoY	+7.3%	+88.1%	+48.4%	+1,270.6%	+1,251.5%

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	21,614	330	425	201	15.1	15	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	21,890	176	172	134	10.1	12	Aug 9, 2024	J-GAAP
YoY	+1.3%	-46.7%	-59.5%	-33.3%	-33.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	39,478	826	1,172	574	43.3	24	Feb 14, 2023	J-GAAP
Dec, 2023	42,681	660	837	205	15.4	30	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	44,500	730	800	400	30.2	24	Feb 14, 2024	J-GAAP
YoY	+4.3%	+10.6%	-4.4%	+95.1%	+95.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,181	30	102	13	1.0	0.3	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	11,433	300	323	188	14.2	2.6	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	11,966	509	494	254	19.1	4.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	10,644	45	134	12	0.9	0.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	10,912	123	135	-33	-2.5	1.1	Nov 14, 2024	J-GAAP
YoY	+7.2%	+310.0%	+32.4%	－	－