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DAIWA INDUSTRIES, Jan-Sep (Cumulative 3Q) Ordinary Profit Decreases by 6%, Jul-Sep Ordinary Profit Decreases by 8%
6459 DAIWA INDUSTRIES LTD. 【J-GAAP】
Earnings ReportDAIWA INDUSTRIES LTD. <6459> [TSE Prime] announced its financial results in the afternoon session on November 11th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2025 (January to September) decreased 5.9% from the same period last year to 5.88 billion yen. Progress toward the full-year plan of 8.11 billion yen was 72.6%, also falling below the five-year average of 80.1%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to expand 30.6% from the same period last year, reaching 2.22 billion yen.
In the most recent three-month period, from July to September (3Q), the ordinary profit decreased to 2.22 billion yen, an 8.0% decrease compared to the same period last year. The operating profit margin decreased from 18.5% in the same period last year to 17.2%.
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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 |
|---|---|---|---|---|---|---|---|---|
| Jan - Sep, 2023 | 35,430 | 6,757 | 6,645 | 4,524 | 91.7 | 83.2 | Nov 10, 2023 | J-GAAP |
| Jan - Sep, 2024 | 36,008 | 6,349 | 6,257 | 4,256 | 86.2 | 78.6 | Nov 13, 2024 | J-GAAP |
| Jan - Sep, 2025 | 35,610 | 5,915 | 5,887 | 4,021 | 81.5 | 72.6 | Nov 11, 2025 | J-GAAP |
| YoY | -1.1% | -6.8% | -5.9% | -5.5% | -5.5% |
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 |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Jul - Sep, 2025 | 13,003 | 2,231 | 2,222 | 1,544 | 31.3 | 17.2 | Nov 11, 2025 | J-GAAP |
| YoY | -1.5% | -8.8% | -8.0% | -6.7% | -6.7% |
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