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DAIWA INDUSTRIES, First Half Ordinary Profit Revised Downward to an Unexpected 5%Decrease

Tue Aug 12, 2025 3:00 pm JST Earnings

6459 DAIWA INDUSTRIES LTD. 【J-GAAP】

Earnings Report

DAIWA INDUSTRIES LTD. <6459> [TSE Prime] announced its financial results in the afternoon session on August 12th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending December 2025 (January to June) decreased 4.6% from the same period last year to 3.66 billion yen, resulting in a decrease in profits compared to the previous forecast of a 1.8% increase.

Progress toward the full-year plan of 8.11 billion yen was 45.2%, almost the same as the five-year average of 45.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the July to December period (second half) is expected to grow 7.9% from the same period last year, reaching 4.44 billion yen.

In the most recent three-month period, from April to June (2Q), the ordinary profit decreased to 2.13 billion yen, a 7.4% decrease compared to the same period last year. The operating profit margin decreased from 19.0% in the same period last year to 17.7%.

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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
Jan - Jun, 2023 22,661 4,057 3,987 2,695 54.6 49.9 Aug 9, 2023 J-GAAP
Jan - Jun, 2024 22,807 3,903 3,841 2,602 52.7 48.3 Aug 8, 2024 J-GAAP
Jan - Jun, 2025 22,607 3,684 3,665 2,477 50.2 45.2 Aug 12, 2025 J-GAAP
YoY -0.9% -5.6% -4.6% -4.8% -4.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 23,200 3,980 3,910 2,650 53.7 25 Feb 14, 2025 J-GAAP
Jan - Jun, 2025 Results 22,607 3,684 3,665 2,477 50.2 25 Aug 12, 2025 J-GAAP
Revision Rate -2.6% -7.4% -6.3% -6.5% -6.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 25,131 4,173 4,118 2,839 57.5 35 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 26,193 4,546 4,445 3,073 62.3 25 Aug 12, 2025 J-GAAP
YoY +4.2% +8.9% +7.9% +8.2% +8.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 45,969 8,137 7,989 5,537 112.2 30 Feb 14, 2024 J-GAAP
Dec, 2024 47,938 8,076 7,959 5,441 110.2 50 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 48,800 8,230 8,110 5,550 112.4 50 Feb 14, 2025 J-GAAP
YoY +1.8% +1.9% +1.9% +2.0% +2.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 12,270 2,332 2,299 1,574 31.9 19.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 13,201 2,446 2,416 1,654 33.5 18.5 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 11,930 1,727 1,702 1,185 24.0 14.5 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 10,490 1,540 1,535 1,013 20.5 14.7 May 13, 2025 J-GAAP
Apr - Jun, 2025 12,117 2,144 2,130 1,464 29.7 17.7 Aug 12, 2025 J-GAAP
YoY -1.2% -8.1% -7.4% -7.0% -7.0%

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