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Daiwabo, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 3%, Exceeded Record Profit Forecast
3107 Daiwabo Holdings Co.,Ltd. 【J-GAAP】
Earnings ReportDaiwabo Holdings Co.,Ltd. <3107> [TSE Prime] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 22.6 billion yen, an increase 63.4% compared to the same period last year.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 3.4%, from the previous forecast of 43.8 billion yen to 45.3 billion yen (compared to 35.4 billion yen in the previous period), increasing the growth rate from 23.6% to 27.8%. The company has further increased its previous forecast of record profits for the first time in five years.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 5.0% from the same period last year, reaching 22.6 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 34.2% from the same period last year, reaching 12.4 billion yen. The operating profit margin remained almost flat, changing from 3.2% in the same period last year to 3.4%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 445,917 | 12,774 | 12,915 | 8,526 | 91.2 | 41.1 | Nov 9, 2023 | J-GAAP |
| Apr - Sep, 2024 | 517,383 | 13,522 | 13,839 | 9,474 | 102.5 | 39.0 | Nov 6, 2024 | J-GAAP |
| Apr - Sep, 2025 | 656,830 | 22,435 | 22,608 | 15,736 | 176.0 | 49.9 | Nov 6, 2025 | J-GAAP |
| YoY | +27.0% | +65.9% | +63.4% | +66.1% | +71.7% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 640,000 | 21,900 | 22,050 | 15,100 | 169.9 | 50 | Aug 5, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 656,830 | 22,435 | 22,608 | 15,736 | 176.0 | 50 | Nov 6, 2025 | J-GAAP |
| Revision Rate | +2.6% | +2.4% | +2.5% | +4.2% | +3.6% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 1,280,000 | 43,530 | 43,830 | 30,100 | 342.9 | 100 | Aug 5, 2025 | J-GAAP |
| Mar, 2026 New | 1,337,000 | 45,000 | 45,300 | 30,800 | 350.9 | 100 | Nov 6, 2025 | J-GAAP |
| Revision Rate | +4.5% | +3.4% | +3.4% | +2.3% | +2.3% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 619,434 | 21,377 | 21,615 | 15,277 | 167.5 | 45 | May 14, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 680,170 | 22,565 | 22,692 | 15,064 | 171.6 | 50 | Nov 6, 2025 | J-GAAP |
| YoY | +9.8% | +5.6% | +5.0% | -1.4% | +2.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 967,760 | 30,963 | 31,431 | 4,283 | 45.8 | 64 | May 9, 2024 | J-GAAP |
| Mar, 2025 | 1,136,817 | 34,899 | 35,454 | 24,751 | 271.4 | 90 | May 14, 2025 | J-GAAP |
| Mar, 2026 Guidance | 1,337,000 | 45,000 | 45,300 | 30,800 | 350.9 | 100 | Nov 6, 2025 | J-GAAP |
| YoY | +17.6% | +28.9% | +27.8% | +24.4% | +29.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 289,539 | 9,248 | 9,311 | 6,395 | 69.2 | 3.2 | Nov 6, 2024 | J-GAAP |
| Oct - Dec, 2024 | 291,418 | 8,490 | 8,591 | 5,903 | 64.4 | 2.9 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 328,016 | 12,887 | 13,024 | 9,374 | 102.8 | 3.9 | May 14, 2025 | J-GAAP |
| Apr - Jun, 2025 | 290,601 | 9,876 | 10,111 | 7,195 | 80.2 | 3.4 | Aug 5, 2025 | J-GAAP |
| Jul - Sep, 2025 | 366,229 | 12,559 | 12,497 | 8,541 | 95.6 | 3.4 | Nov 6, 2025 | J-GAAP |
| YoY | +26.5% | +35.8% | +34.2% | +33.6% | +38.1% |
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