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Daito Pharma, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 17%
4577 Daito Pharmaceutical Co.,Ltd. 【J-GAAP】
Earnings ReportDaito Pharmaceutical Co.,Ltd. <4577> [TSE Prime] announced its financial results after the market closed on April 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending May 2026 (June 2025 to February 2026) expanded 2.97 billion yen, an increase 46.3% compared to the same period last year.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 16.7%, from the previous forecast of 3.00 billion yen to 3.50 billion yen (compared to 2.70 billion yen in the previous period), increasing the growth rate from 10.9% to 29.4%.
Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the December to May period (second half) is expected to increase 40.5%, from the previous forecast of 1.23 billion yen to 1.73 billion yen (compared to 1.23 billion yen in the same period of the previous year), increasing the growth rate from 0.1% to 40.6%.
In the most recent three-month period, from December to February (3Q), the consolidated ordinary profit surged 2.1 times that of the same period last year, reaching 1.21 billion yen. The operating profit margin drastically improved from 3.3% in the same period last year to 9.7%.
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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 |
|---|---|---|---|---|---|---|---|---|
| Jun - Feb, 2023 | 34,662 | 3,105 | 3,122 | 2,339 | 74.2 | 79.6 | Apr 12, 2024 | J-GAAP |
| Jun - Feb, 2024 | 36,609 | 1,869 | 2,033 | 1,217 | 39.9 | 75.2 | Apr 14, 2025 | J-GAAP |
| Jun - Feb, 2025 | 36,732 | 2,751 | 2,974 | 2,267 | 76.5 | 85.0 | Apr 10, 2026 | J-GAAP |
| YoY | +0.3% | +47.2% | +46.3% | +86.3% | +91.9% |
Guidance Update
Second Half Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec - May, 2025 Prev | 27,359 | 1,373 | 1,236 | 1,067 | 36.9 | 20 | Jan 14, 2026 | J-GAAP |
| Dec - May, 2025 New | 25,859 | 1,673 | 1,736 | 1,267 | 43.8 | 20 | Apr 10, 2026 | J-GAAP |
| Revision Rate | -5.5% | +21.8% | +40.5% | +18.7% | +18.8% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| May, 2026 Prev | 52,500 | 3,000 | 3,000 | 2,300 | 79.4 | 40 | Jul 11, 2025 | J-GAAP |
| May, 2026 New | 51,000 | 3,300 | 3,500 | 2,500 | 86.3 | 40 | Apr 10, 2026 | J-GAAP |
| Revision Rate | -2.9% | +10.0% | +16.7% | +8.7% | +8.7% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec - May, 2024 | 26,059 | 1,148 | 1,235 | 1,000 | 32.9 | 17.50 | Jul 11, 2025 | J-GAAP |
| Dec - May, 2025 Guidance | 25,859 | 1,673 | 1,736 | 1,267 | 43.8 | 20 | Apr 10, 2026 | J-GAAP |
| YoY | -0.8% | +45.7% | +40.6% | +26.7% | +33.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| May, 2024 | 46,895 | 3,894 | 3,923 | 3,295 | 105.0 | 30 | Jul 12, 2024 | J-GAAP |
| May, 2025 | 50,643 | 2,619 | 2,705 | 1,908 | 62.7 | 35 | Jul 11, 2025 | J-GAAP |
| May, 2026 Guidance | 51,000 | 3,300 | 3,500 | 2,500 | 86.3 | 40 | Apr 10, 2026 | J-GAAP |
| YoY | +0.7% | +26.0% | +29.4% | +31.0% | +37.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec - Feb, 2024 | 12,025 | 398 | 563 | 309 | 10.1 | 3.3 | Apr 14, 2025 | J-GAAP |
| Mar - May, 2025 | 14,034 | 750 | 672 | 691 | 22.7 | 5.3 | Jul 11, 2025 | J-GAAP |
| Jun - Aug, 2025 | 13,011 | 998 | 1,052 | 696 | 23.2 | 7.7 | Oct 10, 2025 | J-GAAP |
| Sep - Nov, 2025 | 12,130 | 629 | 712 | 537 | 18.0 | 5.2 | Jan 14, 2026 | J-GAAP |
| Dec - Feb, 2025 | 11,591 | 1,124 | 1,210 | 1,034 | 34.9 | 9.7 | Apr 10, 2026 | J-GAAP |
| YoY | -3.6% | +182.4% | +114.9% | +234.6% | +245.0% |
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