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DAIICHI KENSETSU CORPORATION, First Half Ordinary Profit Increases by 67%, July-September Ordinary Profit Increases by 36%

Wed Nov 6, 2024 3:30 pm JST Earnings

1799 DAIICHI KENSETSU CORPORATION 【J-GAAP】

Earnings Report

DAIICHI KENSETSU CORPORATION <1799> [TSE-S] announced its financial results after the market closed on November 6th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3.11 billion yen, an increase of 67.2% compared to the same period last year. The progress rate against the 4.6 billion yen full-year plan was 67.8%, also surpassing the five-year average of 43.4%.

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 October to March period (second half) is expected to drop by 33.6% from the same period last year to 1.48 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 36.3% from the same period last year, reaching 1.39 billion yen. The operating profit margin significantly improved from 7.4% in the same period last year to 10.6%.

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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
Apr - Sep, 2022 20,077 1,157 1,297 882 43.5 33.4 Nov 1, 2022 J-GAAP
Apr - Sep, 2023 24,133 1,670 1,865 1,271 65.1 45.5 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 25,166 2,911 3,119 2,131 112.5 67.8 Nov 6, 2024 J-GAAP
YoY +4.3% +74.3% +67.2% +67.7% +72.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 25,000 2,700 2,900 2,000 106.6 0 Aug 2, 2024 J-GAAP
Apr - Sep, 2024 Results 25,166 2,911 3,119 2,131 112.5 0 Nov 6, 2024 J-GAAP
Revision Rate +0.7% +7.8% +7.6% +6.6% +5.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 29,860 2,102 2,231 1,520 78.0 80 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 26,834 1,389 1,481 969 51.6 80 Nov 6, 2024 J-GAAP
YoY -10.1% -33.9% -33.6% -36.3% -33.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 47,367 3,569 3,882 2,643 132.5 50 May 10, 2023 J-GAAP
Mar, 2024 53,993 3,772 4,096 2,791 143.2 80 May 9, 2024 J-GAAP
Mar, 2025 Guidance 52,000 4,300 4,600 3,100 165.2 80 Aug 2, 2024 J-GAAP
YoY -3.7% +14.0% +12.3% +11.1% +15.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,483 1,001 1,020 693 35.5 7.4 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 16,009 1,131 1,240 789 40.5 7.1 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 13,851 971 991 731 37.5 7.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 11,977 1,513 1,729 1,192 62.3 12.6 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 13,189 1,398 1,390 939 49.6 10.6 Nov 6, 2024 J-GAAP
YoY -2.2% +39.7% +36.3% +35.5% +39.6%

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