Daio Paper, The Current Fiscal Year Net Income Revised Downward to a Loss, Dividend Revised down by 2 yen

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Fri Feb 14, 2025 1:00 pm JST Earnings

3880 Daio Paper Corporation 【J-GAAP】

Earnings Report

Daio Paper Corporation <3880> [TSE Prime] announced its financial results in the afternoon session on February 14th (13:00). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 6.28 billion yen (compared to a profit of 1.99 billion yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected break even to a loss of 7 billion yen (compared to a profit of 4.5 billion yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the October to March period (2H) has been revised downward from an expected profit of 3.46 billion yen to a loss of 3.53 billion yen (compared to a profit of 0.58 billion yen in the same period of the previous year), turning to a loss outlook.

Due to a decline in performance, the company has reduced its planned annual dividend for the current fiscal year from the original plan of 16 yen to 14 yen (compared to 16 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated net loss expanded to a loss of 2.81 billion yen (compared to a loss of 1.93 billion yen in the same period last year). The operating profit margin remained almost flat, changing from 2.1% in the same period last year to 1.8%.

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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	480,855	-17,927	-20,969	-24,041	-144.8	ー	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	503,774	11,092	6,569	1,991	12.0	68.3	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	502,290	6,816	4,290	-6,281	-37.8	85.8	Feb 14, 2025	J-GAAP
YoY	-0.3%	-38.6%	-34.7%	－	－

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	346,350	7,792	4,130	3,467	0.0	9	Nov 14, 2024	J-GAAP
Oct - Mar, 2024 New	346,350	7,792	4,130	-3,533	-21.2	7	Feb 14, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	680,000	11,500	5,000	0	0.0	16	Nov 14, 2024	J-GAAP
Mar, 2025 New	680,000	11,500	5,000	-7,000	-42.1	14	Feb 14, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	－	－

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	340,460	6,939	4,216	581	3.5	9	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	346,350	7,792	4,130	-3,533	-21.2	7	Feb 14, 2025	J-GAAP
YoY	+1.7%	+12.3%	-2.0%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	646,213	-21,441	-24,050	-34,705	-209.0	16	May 12, 2023	J-GAAP
Mar, 2024	671,688	14,367	9,622	4,507	27.1	16	May 15, 2024	J-GAAP
Mar, 2025 Guidance	680,000	11,500	5,000	-7,000	-42.1	14	Feb 14, 2025	J-GAAP
YoY	+1.2%	-20.0%	-48.0%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	172,546	3,664	1,163	-1,935	-11.6	2.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	167,914	3,275	3,053	2,516	15.1	2.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	166,263	1,965	2,051	-1,083	-6.5	1.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	167,387	1,743	-1,181	-2,384	-14.3	1.0	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	168,640	3,108	3,420	-2,814	-16.9	1.8	Feb 14, 2025	J-GAAP
YoY	-2.3%	-15.2%	+194.1%	-45.4%	-45.4%