DAIICHI CO.,LTD., 16% Decrease in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 4 yen, This Fiscal Year to Increase Dividend by 6 yen

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Thu Nov 14, 2024 3:00 pm JST Earnings

7643 DAIICHI CO.,LTD. 【J-GAAP】

Earnings Report

DAIICHI CO.,LTD. <7643> [TSE-S] announced its financial results in the afternoon session on November 14th (15:00). The ordinary profit (non-consolidated) for the fiscal year ending September 2024 increased by 7.6% from the previous period to 1.95 billion yen. However, for the fiscal year ending September 2025, the profit is expected to decrease by 15.7% from the previous period to 1.65 billion yen.

At the same time, the company increased the annual dividend for the previous term from 26 yen to 30 yen (compared to 25 yen in the prior term), and has decided to increase the dividend this fiscal year to 36 yen, an increase of 6 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the ordinary profit grew by 6.7% from the same period last year, reaching 318 million yen. However, the operating profit margin remained almost flat, changing from 2.3% in the same period last year to 2.2%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	46,560	1,883	1,920	1,163	101.8	20	Nov 8, 2022	J-GAAP
Sep, 2023	48,047	1,788	1,820	1,234	108.0	25	Nov 10, 2023	J-GAAP
Sep, 2024	51,827	1,914	1,958	1,424	125.2	30	Nov 14, 2024	J-GAAP
YoY	+7.9%	+7.0%	+7.6%	+15.4%	+15.9%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	50,400	1,760	1,760	1,215	107.1	26	Feb 13, 2024	J-GAAP
Sep, 2024 Results	51,827	1,914	1,958	1,424	125.2	30	Nov 14, 2024	J-GAAP
Revision Rate	+2.8%	+8.8%	+11.3%	+17.2%	+16.9%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	26,015	1,157	1,162	798	70.1	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	28,000	795	795	580	51.4	18	Nov 14, 2024	J-GAAP
YoY	+7.6%	-31.3%	-31.6%	-27.3%	-26.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	48,047	1,788	1,820	1,234	108.0	25	Nov 10, 2023	J-GAAP
Sep, 2024	51,827	1,914	1,958	1,424	125.2	30	Nov 14, 2024	J-GAAP
Sep, 2025 Guidance	58,500	1,650	1,650	1,200	106.3	36	Nov 14, 2024	J-GAAP
YoY	+12.9%	-13.8%	-15.7%	-15.7%	-15.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	12,088	279	298	253	22.2	2.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	13,385	688	691	476	41.7	5.1	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	12,630	469	471	322	28.3	3.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	12,734	474	478	328	28.8	3.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	13,078	283	318	298	26.2	2.2	Nov 14, 2024	J-GAAP
YoY	+8.2%	+1.4%	+6.7%	+17.8%	+18.3%