DAIKOKU DENKI, Oct-Dec (3Q) Ordinary Profit Decreases by 28%

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Thu Feb 13, 2025 3:30 pm JST Earnings

6430 DAIKOKU DENKI CO.,LTD. 【J-GAAP】

Earnings Report

DAIKOKU DENKI CO.,LTD. <6430> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 11.8 billion yen, a 1.1% increase compared to the same period last year. The progress rate toward the full-year plan of 12.5 billion yen was 94.9%, it was below the five-year average of 102.6%.

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 for the January to March period (4Q) is expected to expand 73.3% from the same period last year, reaching 0.64 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 2.72 billion yen, a 28.2% decrease compared to the same period last year. The operating profit margin decreased from 25.6% in the same period last year to 20.2%.

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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	23,286	3,949	4,144	2,832	191.6	97.3	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	43,849	11,664	11,731	8,174	553.0	96.9	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	47,975	11,819	11,857	8,116	551.3	94.9	Feb 13, 2025	J-GAAP
YoY	+9.4%	+1.3%	+1.1%	-0.7%	-0.3%

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	24,693	4,102	4,164	2,962	200.4	100	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	20,534	3,314	3,365	2,290	160.5	80	Nov 14, 2024	J-GAAP
YoY	-16.8%	-19.2%	-19.2%	-22.7%	-19.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	31,824	4,019	4,260	2,927	198.1	70	May 15, 2023	J-GAAP
Mar, 2024	53,861	12,001	12,102	8,464	572.6	120	May 15, 2024	J-GAAP
Mar, 2025 Guidance	55,000	12,400	12,500	8,500	595.7	120	May 15, 2024	J-GAAP
YoY	+2.1%	+3.3%	+3.3%	+0.4%	+4.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	14,681	3,765	3,793	2,672	180.8	25.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	10,012	337	371	290	19.6	3.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	18,600	5,583	5,605	3,883	262.7	30.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	15,866	3,503	3,530	2,327	157.4	22.1	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	13,509	2,733	2,722	1,906	129.5	20.2	Feb 13, 2025	J-GAAP
YoY	-8.0%	-27.4%	-28.2%	-28.7%	-28.4%