DAIKEN, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 61%, Sep-Nov Ordinary Profit Decreases by 68%

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Fri Jan 10, 2025 3:30 pm JST Earnings

5900 DAIKEN CO.,LTD. 【J-GAAP】

Earnings Report

DAIKEN CO.,LTD. <5900> [TSE Std] announced its financial results after the market closed on January 10th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2025 (March to November) significantly dropped 60.9% from the same period last year to 107 million yen. The progress rate toward the full-year plan of 600 million yen was 17.8%, also falling below the five-year average of 52.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the December to February period (4Q) is expected to surge 2.3 times that of the same period last year, reaching 493 million yen.

In the most recent three-month period, from September to November (3Q), the ordinary profit significantly dropped to 28 million yen, a 68.2% decrease compared to the same period last year. The operating profit margin worsened from 3.3% in the same period last year to 0.9%.

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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
Mar - Nov, 2022	7,842	262	294	201	36.4	62.2	Jan 11, 2023	J-GAAP
Mar - Nov, 2023	7,891	248	274	184	33.7	56.5	Jan 12, 2024	J-GAAP
Mar - Nov, 2024	7,985	76	107	74	13.6	17.8	Jan 10, 2025	J-GAAP
YoY	+1.2%	-69.4%	-60.9%	-59.8%	-59.7%

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	5,665	287	299	202	36.9	15	Apr 5, 2024	J-GAAP
Sep - Feb, 2024 Guidance	6,244	519	521	297	54.2	17	Sep 27, 2024	J-GAAP
YoY	+10.2%	+80.8%	+74.2%	+47.0%	+46.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	10,599	430	473	316	57.1	15	Apr 7, 2023	J-GAAP
Feb, 2024	10,881	448	485	328	60.0	15	Apr 5, 2024	J-GAAP
Feb, 2025 Guidance	11,500	570	600	360	65.7	17	Apr 5, 2024	J-GAAP
YoY	+5.7%	+27.2%	+23.7%	+9.8%	+9.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	2,675	87	88	58	10.6	3.3	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	2,990	200	211	144	26.3	6.7	Apr 5, 2024	J-GAAP
Mar - May, 2024	2,601	-2	3	4	0.9	-0.1	Jul 5, 2024	J-GAAP
Jun - Aug, 2024	2,655	53	76	59	10.8	2.0	Oct 4, 2024	J-GAAP
Sep - Nov, 2024	2,729	25	28	11	2.0	0.9	Jan 10, 2025	J-GAAP
YoY	+2.0%	-71.3%	-68.2%	-81.0%	-81.0%