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DAIHATSU DIESEL MFG, The Current Fiscal Year Ordinary Profit Revised Upward by 23%, Highest in Sixteen Terms, Dividend Revised Upward by 11 yen

Tue Jan 28, 2025 4:00 pm JST Earnings

6023 DAIHATSU DIESEL MFG.CO.,LTD. 【J-GAAP】

Earnings Report

DAIHATSU DIESEL MFG.CO.,LTD. <6023> [TSE Std] announced its financial results after the market closed on January 28th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.7 times that of the same period last year, reaching 6.1 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 22.6%, from the previous forecast of 6.2 billion yen to 7.6 billion yen (compared to 5.54 billion yen in the previous period), increasing the growth rate from 11.8% to 37.0%, reaches new record high for the first time in sixteen terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 45.0%, from the previous forecast of 3.11 billion yen to 4.51 billion yen (compared to 4.37 billion yen in the same period of the previous year), turning to a 3.1% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 39 yen to 50 yen (compared to 49 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.8 times that of the same period last year, reaching 3.01 billion yen. The operating profit margin drastically improved from 5.8% in the same period last year to 12.6%.

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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
Apr - Dec, 2022 47,246 1,143 1,162 1,045 33.1 31.7 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 57,786 2,128 2,264 2,645 83.7 40.8 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 63,978 5,830 6,106 4,306 136.0 80.3 Jan 28, 2025 J-GAAP
YoY +10.7% +174.0% +169.7% +62.8% +62.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 39,104 2,817 3,111 2,073 65.4 39 Oct 29, 2024 J-GAAP
Oct - Mar, 2024 New 45,104 4,117 4,511 3,173 100.2 50 Jan 28, 2025 J-GAAP
Revision Rate +15.3% +46.1% +45.0% +53.1% +53.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 82,000 6,000 6,200 4,200 132.6 39 Jul 29, 2024 J-GAAP
Mar, 2025 New 88,000 7,300 7,600 5,300 167.3 50 Jan 28, 2025 J-GAAP
Revision Rate +7.3% +21.7% +22.6% +26.2% +26.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 44,555 4,256 4,375 3,261 103.2 49 Apr 25, 2024 J-GAAP
Oct - Mar, 2024 Guidance 45,104 4,117 4,511 3,173 100.2 50 Jan 28, 2025 J-GAAP
YoY +1.2% -3.3% +3.1% -2.7% -2.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 72,113 3,601 3,660 2,948 93.4 28 Apr 28, 2023 J-GAAP
Mar, 2024 81,775 5,194 5,546 5,149 162.9 49 Apr 25, 2024 J-GAAP
Mar, 2025 Guidance 88,000 7,300 7,600 5,300 167.3 50 Jan 28, 2025 J-GAAP
YoY +7.6% +40.5% +37.0% +2.9% +2.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 20,566 1,190 1,093 757 24.0 5.8 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 23,989 3,066 3,282 2,504 79.2 12.8 Apr 25, 2024 J-GAAP
Apr - Jun, 2024 20,369 1,555 1,809 1,321 41.8 7.6 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 22,527 1,628 1,280 806 25.5 7.2 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 21,082 2,647 3,017 2,179 68.8 12.6 Jan 28, 2025 J-GAAP
YoY +2.5% +122.4% +176.0% +187.8% +187.3%

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