DAIDO KOGYO, Oct-Dec (3Q) Ordinary Profit Decreases by 4%

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Fri Jan 31, 2025 4:00 pm JST Earnings

6373 DAIDO KOGYO CO.,LTD. 【J-GAAP】

Earnings Report

DAIDO KOGYO CO.,LTD. <6373> [TSE Std] announced its financial results after the market closed on January 31st (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 1.22 billion yen, an increase 41.4% compared to the same period last year. However, the progress rate toward the full-year plan of 1.7 billion yen was 71.9%, also falling below the five-year average of 93.2%.

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/loss for the January to March period (4Q) is expected to turn into a profit of 0.47 billion yen (compared to a loss of 0.08 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.38 billion yen, a 3.8% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.2% in the same period last year to 2.1%.

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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	40,919	972	1,751	815	75.1	106.0	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	42,012	4	865	597	56.5	111.2	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	43,035	1,054	1,223	743	72.5	71.9	Jan 31, 2025	J-GAAP
YoY	+2.4%	+26,250.0%	+41.4%	+24.5%	+28.4%

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	28,336	536	312	-25	-2.4	15	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	28,074	941	861	958	94.5	25	Nov 13, 2024	J-GAAP
YoY	-0.9%	+75.6%	+176.0%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	55,054	1,379	1,652	-257	-23.9	15	May 12, 2023	J-GAAP
Mar, 2024	56,041	227	778	342	32.6	15	May 14, 2024	J-GAAP
Mar, 2025 Guidance	56,800	1,700	1,700	1,500	148.0	25	Nov 13, 2024	J-GAAP
YoY	+1.4%	+648.9%	+118.5%	+338.6%	+354.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	14,307	313	399	230	21.8	2.2	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	14,029	223	-87	-255	-24.3	1.6	May 14, 2024	J-GAAP
Apr - Jun, 2024	14,381	159	666	416	40.2	1.1	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	14,345	600	173	126	12.3	4.2	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	14,309	295	384	201	19.6	2.1	Jan 31, 2025	J-GAAP
YoY	+0.0%	-5.8%	-3.8%	-12.6%	-9.8%