DAIREI, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 16% Decrease

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Fri Jan 31, 2025 2:00 pm JST Earnings

2883 DAIREI CO.,LTD 【J-GAAP】

Earnings Report

DAIREI CO.,LTD <2883> [TSE Std] announced its financial results in the afternoon session on January 31st (14:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 20.2% from the same period last year to 0.72 billion yen.

In addition, the full-year ordinary profit has decreased 25.6%, from the previous forecast of 1.25 billion yen to 0.93 billion yen (compared to 1.1 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 15.8% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the October to March period (2H) has decreased 37.5%, from the previous forecast of 0.85 billion yen to 0.53 billion yen (compared to 0.51 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 66.0% to 3.7%.

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 3.2% from the same period last year, reaching 0.32 billion yen. However, the operating profit margin worsened from 4.6% in the same period last year to 4.0%.

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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	20,843	1,306	1,306	889	150.6	85.0	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	21,473	902	906	616	104.3	82.1	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	20,160	704	723	475	80.4	77.7	Jan 31, 2025	J-GAAP
YoY	-6.1%	-22.0%	-20.2%	-22.9%	-22.9%

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	17,001	830	853	593	100.4	60	Oct 23, 2024	J-GAAP
Oct - Mar, 2024 New	12,901	510	533	375	63.5	60	Jan 31, 2025	J-GAAP
Revision Rate	-24.1%	-38.6%	-37.5%	-36.8%	-36.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	30,000	1,250	1,250	845	143.0	60	May 10, 2024	J-GAAP
Mar, 2025 New	25,900	930	930	627	106.1	60	Jan 31, 2025	J-GAAP
Revision Rate	-13.7%	-25.6%	-25.6%	-25.8%	-25.8%

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	13,452	506	514	368	62.3	60	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	12,901	510	533	375	63.5	60	Jan 31, 2025	J-GAAP
YoY	-4.1%	+0.8%	+3.7%	+1.9%	+1.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	27,239	1,525	1,537	1,023	173.3	60	May 10, 2023	J-GAAP
Mar, 2024	27,416	1,066	1,104	766	129.8	60	May 10, 2024	J-GAAP
Mar, 2025 Guidance	25,900	930	930	627	106.1	60	Jan 31, 2025	J-GAAP
YoY	-5.5%	-12.8%	-15.8%	-18.1%	-18.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	7,509	342	316	218	36.9	4.6	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	5,943	164	198	150	25.4	2.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	6,405	204	225	139	23.7	3.2	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	6,594	216	172	113	19.1	3.3	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	7,161	284	326	223	37.8	4.0	Jan 31, 2025	J-GAAP
YoY	-4.6%	-17.0%	+3.2%	+2.3%	+2.3%