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DAI-ICHI CUTTER, First Half Ordinary Profit Decreases by 19%

Fri Feb 14, 2025 3:30 pm JST Earnings

1716 DAI-ICHI CUTTER KOGYO K.K. 【J-GAAP】

Earnings Report

DAI-ICHI CUTTER KOGYO K.K. <1716> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) decreased 18.7% from the same period last year to 1.27 billion yen, fell short of the previous forecast of 1.52 billion yen.

The progress rate toward the full-year plan of 2.59 billion yen was 49.1%, also falling below the five-year average of 55.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (2H) is expected to grow 4.3% from the same period last year, reaching 1.31 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit grew 12.9% from the same period last year, reaching 0.6 billion yen. The operating profit margin improved from 9.7% in the same period last year to 10.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jul - Dec, 2022 11,312 1,455 1,554 919 81.2 54.2 Feb 14, 2023 J-GAAP
Jul - Dec, 2023 11,003 1,398 1,565 835 73.9 55.3 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 10,774 1,202 1,272 831 73.7 49.1 Feb 14, 2025 J-GAAP
YoY -2.1% -14.0% -18.7% -0.5% -0.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance 11,000 1,470 1,520 970 85.9 0 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 Results 10,774 1,202 1,272 831 73.7 0 Feb 14, 2025 J-GAAP
Revision Rate -2.1% -18.2% -16.3% -14.3% -14.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 9,915 1,057 1,264 1,138 100.6 38 Aug 14, 2024 J-GAAP
Jan - Jun, 2025 Guidance 10,226 1,298 1,318 919 81.6 40 Feb 14, 2025 J-GAAP
YoY +3.1% +22.8% +4.3% -19.2% -18.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 22,164 2,631 2,865 1,946 172.0 35 Aug 14, 2023 J-GAAP
Jun, 2024 20,918 2,455 2,829 1,973 174.4 38 Aug 14, 2024 J-GAAP
Jun, 2025 Guidance 21,000 2,500 2,590 1,750 155.3 40 Aug 14, 2024 J-GAAP
YoY +0.4% +1.8% -8.4% -11.3% -10.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 5,148 498 536 176 15.6 9.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 4,539 481 490 495 43.7 10.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 5,376 576 774 643 56.8 10.7 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 5,463 649 667 411 36.4 11.9 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 5,311 553 605 420 37.2 10.4 Feb 14, 2025 J-GAAP
YoY +3.2% +11.0% +12.9% +138.6% +139.1%

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