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DAIWA CYCLE, The Current Fiscal Year Ordinary Profit Revised Upward by 23%, Adds to Record High Profit Forecast
5888 DAIWA CYCLE CO.,LTD. 【J-GAAP】
Earnings ReportDAIWA CYCLE CO.,LTD. <5888> [TSE Growth] announced its financial results after the market closed on December 16th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending January 2025 (February to October) expanded 1.25 billion yen, an increase 69.6% compared to the same period last year.
In addition, the full-year ordinary profit has been revised upward 22.8%, from the previous forecast of 1.09 billion yen to 1.34 billion yen (compared to 804 million yen in the previous period), increasing the growth rate from 35.7% to 66.7%, further surpassing the previous forecast of record-high profits for two consecutive terms.
Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the August to January period (second half) is expected to increase 89.6%, from the previous forecast of 278 million yen to 527 million yen (compared to 294 million yen in the same period of the previous year), turning to a 79.3% increase in the ordinary profit outlook.
In the most recent three-month period, from August to October (3Q), the ordinary profit increased 92.5% from the same period last year, reaching 437 million yen. The operating profit margin significantly improved from 5.9% in the same period last year to 9.4%.
Kabutan News
Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Feb - Oct, 2023 | 11,805 | 725 | 737 | 456 | 228.1 | 91.7 | Dec 15, 2023 | J-GAAP |
Feb - Oct, 2024 | 14,214 | 1,248 | 1,250 | 777 | 284.4 | 93.3 | Dec 16, 2024 | J-GAAP |
YoY | +20.4% | +72.1% | +69.6% | +70.4% | +24.7% |
Guidance Update
Second Half Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Aug - Jan, 2024 Prev | 8,183 | 274 | 278 | 150 | 54.9 | 37 | Sep 13, 2024 | J-GAAP |
Aug - Jan, 2024 New | 8,750 | 524 | 527 | 359 | 131.4 | 37 | Dec 16, 2024 | J-GAAP |
Revision Rate | +6.9% | +91.2% | +89.6% | +139.3% | +139.4% |
Full Year Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jan, 2025 Prev | 17,745 | 1,085 | 1,091 | 659 | 241.2 | 37 | Sep 13, 2024 | J-GAAP |
Jan, 2025 New | 18,312 | 1,335 | 1,340 | 868 | 317.7 | 37 | Dec 16, 2024 | J-GAAP |
Revision Rate | +3.2% | +23.0% | +22.8% | +31.7% | +31.7% |
Current Period Guidance
Second Half Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Aug - Jan, 2023 | 7,412 | 301 | 294 | 168 | 77.8 | 49 | Mar 18, 2024 | J-GAAP |
Aug - Jan, 2024 Guidance | 8,750 | 524 | 527 | 359 | 131.4 | 37 | Dec 16, 2024 | J-GAAP |
YoY | +18.1% | +74.1% | +79.3% | +113.7% | +68.8% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jan, 2024 | 15,339 | 797 | 804 | 501 | 232.1 | 49 | Mar 18, 2024 | J-GAAP |
Jan, 2025 Guidance | 18,312 | 1,335 | 1,340 | 868 | 317.7 | 37 | Dec 16, 2024 | J-GAAP |
YoY | +19.4% | +67.5% | +66.7% | +73.3% | +36.9% |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Aug - Oct, 2023 | 3,878 | 229 | 227 | 123 | 61.5 | 5.9 | Dec 15, 2023 | J-GAAP |
Nov - Jan, 2023 | 3,534 | 72 | 67 | 45 | 20.9 | 2.0 | Mar 18, 2024 | J-GAAP |
Feb - Apr, 2024 | 5,316 | 553 | 548 | 365 | 133.6 | 10.4 | Jun 14, 2024 | J-GAAP |
May - Jul, 2024 | 4,246 | 258 | 265 | 144 | 52.8 | 6.1 | Sep 13, 2024 | J-GAAP |
Aug - Oct, 2024 | 4,652 | 437 | 437 | 268 | 98.1 | 9.4 | Dec 16, 2024 | J-GAAP |
YoY | +20.0% | +90.8% | +92.5% | +117.9% | +59.4% |
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