Daiwa, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 54%, Sep-Nov Ordinary Profit Turns to Loss

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Thu Jan 9, 2025 3:30 pm JST Earnings

8247 Daiwa Co.,Ltd. 【J-GAAP】

Earnings Report

Daiwa Co.,Ltd. <8247> [TSE Std] announced its financial results after the market closed on January 9th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) significantly dropped 54.5% from the same period last year to 127 million yen. The progress rate toward the full-year plan of 150 million yen was 84.7%, also surpassing the five-year average of 71.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to surge 5.8 times that of the same period last year, reaching 23 million yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit/loss turned to a loss of 9 million yen (compared to a profit of 74 million yen in the same period last year). The operating profit margin worsened from 2.6% in the same period last year to 0.7%.

Kabutan News

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
Mar - Nov, 2022	11,302	22	70	-16	-3.0	51.1	Jan 12, 2023	J-GAAP
Mar - Nov, 2023	11,763	205	279	417	74.4	98.6	Jan 11, 2024	J-GAAP
Mar - Nov, 2024	11,940	153	127	126	22.5	84.7	Jan 9, 2025	J-GAAP
YoY	+1.5%	-25.4%	-54.5%	-69.8%	-69.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	8,610	115	78	460	82.1	0	Apr 11, 2024	J-GAAP
Sep - Feb, 2024 Guidance	8,511	174	14	21	3.7	－	Oct 10, 2024	J-GAAP
YoY	-1.1%	+51.3%	-82.1%	-95.4%	-95.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	15,852	103	137	70	12.6	0	Apr 13, 2023	J-GAAP
Feb, 2024	16,537	222	283	652	116.3	0	Apr 11, 2024	J-GAAP
Feb, 2025 Guidance	16,700	300	150	180	32.1	－	Oct 4, 2024	J-GAAP
YoY	+1.0%	+35.1%	-47.0%	-72.4%	-72.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	3,836	98	74	225	40.1	2.6	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	4,774	17	4	235	41.9	0.4	Apr 11, 2024	J-GAAP
Mar - May, 2024	4,216	140	132	132	23.5	3.3	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	3,973	-14	4	27	4.8	-0.4	Oct 10, 2024	J-GAAP
Sep - Nov, 2024	3,751	27	-9	-33	-5.9	0.7	Jan 9, 2025	J-GAAP
YoY	-2.2%	-72.4%	－	－	－