kabutan

DAIICHI KENSETSU, The Current Fiscal Year Ordinary Profit Revised Upward by 43%, Highest in Seven Terms

Wed Feb 5, 2025 3:30 pm JST Earnings

1799 DAIICHI KENSETSU CORPORATION 【J-GAAP】

Earnings Report

DAIICHI KENSETSU CORPORATION <1799> [TSE Std] announced its financial results after the market closed on February 5th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 5.24 billion yen, an increase 68.9% compared to the same period last year.

In addition, the full-year ordinary profit has been revised upward 43.5%, from the previous forecast of 4.6 billion yen to 6.6 billion yen (compared to 4.09 billion yen in the previous period), increasing the growth rate from 12.3% to 61.1%, reaches new record high for the first time in seven terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (2H) is expected to increase 2.4 times, from the previous forecast of 1.48 billion yen to 3.48 billion yen (compared to 2.23 billion yen in the same period of the previous year), turning to a 56.0% increase in the ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the ordinary profit increased 71.5% from the same period last year, reaching 2.12 billion yen. The operating profit margin significantly improved from 7.1% in the same period last year to 11.5%.

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
Apr - Dec, 2022 34,211 2,162 2,401 1,626 81.1 61.8 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 40,142 2,801 3,105 2,060 105.6 75.8 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 42,309 4,875 5,245 3,591 190.1 79.5 Feb 5, 2025 J-GAAP
YoY +5.4% +74.0% +68.9% +74.3% +80.0%

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 26,834 1,389 1,481 969 51.6 80 Nov 6, 2024 J-GAAP
Oct - Mar, 2024 New 30,834 3,289 3,481 2,369 126.2 80 Feb 5, 2025 J-GAAP
Revision Rate +14.9% +136.8% +135.0% +144.5% +144.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 52,000 4,300 4,600 3,100 165.2 80 Aug 2, 2024 J-GAAP
Mar, 2025 New 56,000 6,200 6,600 4,500 239.8 80 Feb 5, 2025 J-GAAP
Revision Rate +7.7% +44.2% +43.5% +45.2% +45.2%

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 29,860 2,102 2,231 1,520 78.0 80 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 30,834 3,289 3,481 2,369 126.2 80 Feb 5, 2025 J-GAAP
YoY +3.3% +56.5% +56.0% +55.9% +61.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 47,367 3,569 3,882 2,643 132.5 50 May 10, 2023 J-GAAP
Mar, 2024 53,993 3,772 4,096 2,791 143.2 80 May 9, 2024 J-GAAP
Mar, 2025 Guidance 56,000 6,200 6,600 4,500 239.8 80 Feb 5, 2025 J-GAAP
YoY +3.7% +64.4% +61.1% +61.2% +67.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 16,009 1,131 1,240 789 40.5 7.1 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 13,851 971 991 731 37.5 7.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 11,977 1,513 1,729 1,192 62.3 12.6 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 13,189 1,398 1,390 939 49.6 10.6 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 17,143 1,964 2,126 1,460 77.3 11.5 Feb 5, 2025 J-GAAP
YoY +7.1% +73.7% +71.5% +85.0% +91.1%

Related Articles