DAI-ICHI CUTTER KOGYO K.K., July-September (1Q) Ordinary Profit Decreases by 35%

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Thu Nov 14, 2024 3:30 pm JST Earnings

1716 DAI-ICHI CUTTER KOGYO K.K. 【J-GAAP】

Earnings Report

DAI-ICHI CUTTER KOGYO K.K. <1716> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the first quarter of the fiscal year ending June 2025 (July to September) dropped by 35.2% from the same period last year to 667 million yen. The progress rate against the 1.52 billion yen plan for the six months ending December (first half) was 43.9%, also falling below the five-year average of 48.4%.

In the most recent three-month period, from July to September (1Q), the operating profit margin decreased from 15.4% in the same period last year to 11.9%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jul - Sep, 2022	5,509	745	767	419	37.0	49.4	Nov 14, 2022	J-GAAP
Jul - Sep, 2023	5,855	900	1,029	659	58.3	65.8	Nov 14, 2023	J-GAAP
Jul - Sep, 2024	5,463	649	667	411	36.4	43.9	Nov 14, 2024	J-GAAP
YoY	-6.7%	-27.9%	-35.2%	-37.6%	-37.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	11,003	1,398	1,565	835	73.9	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	11,000	1,470	1,520	970	85.9	0	Aug 14, 2024	J-GAAP
YoY	0.0%	+5.2%	-2.9%	+16.2%	+16.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2023	22,164	2,631	2,865	1,946	172.0	35	Aug 14, 2023	J-GAAP
Jun, 2024	20,918	2,455	2,829	1,973	174.4	38	Aug 14, 2024	J-GAAP
Jun, 2025 Guidance	21,000	2,500	2,590	1,750	155.0	40	Aug 14, 2024	J-GAAP
YoY	+0.4%	+1.8%	-8.4%	-11.3%	-11.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,855	900	1,029	659	58.3	15.4	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	5,148	498	536	176	15.6	9.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	4,539	481	490	495	43.7	10.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	5,376	576	774	643	56.8	10.7	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	5,463	649	667	411	36.4	11.9	Nov 14, 2024	J-GAAP
YoY	-6.7%	-27.9%	-35.2%	-37.6%	-37.5%