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DAITO TRUST CONSTRUCTION CO.,LTD., First Half Ordinary Profit Increases by 35%, July-September Ordinary Profit Increases by 37%

Tue Oct 29, 2024 11:30 am JST Earnings

1878 DAITO TRUST CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

DAITO TRUST CONSTRUCTION CO.,LTD. <1878> [TSE-P] announced its financial results at noon (11:30) on October 29th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 73.8 billion yen, an increase of 35.4% compared to the same period last year. The progress rate against the 123 billion yen full-year plan was 60.0%, also surpassing the five-year average of 54.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 9.3% from the same period last year to 49.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 36.8% from the same period last year, reaching 38.5 billion yen. The operating profit margin improved from 6.5% in the same period last year to 8.0%.

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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 805,072 51,587 53,274 36,285 531.9 51.3 Oct 27, 2022 J-GAAP
Apr - Sep, 2023 837,124 52,030 54,498 38,989 570.5 50.1 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 907,299 71,063 73,803 51,119 781.9 60.0 Oct 29, 2024 J-GAAP
YoY +8.4% +36.6% +35.4% +31.1% +37.0%

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 907,200 71,000 73,800 51,100 777.5 287 Oct 22, 2024 J-GAAP
Apr - Sep, 2024 Results 907,299 71,063 73,803 51,119 781.9 287 Oct 29, 2024 J-GAAP
Revision Rate +0.0% +0.1% +0.0% +0.0% +0.6%

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 894,343 52,789 54,222 35,696 530.8 288 May 2, 2024 J-GAAP
Oct - Mar, 2024 Guidance 922,701 48,937 49,197 32,881 496.3 343 Oct 29, 2024 J-GAAP
YoY +3.2% -7.3% -9.3% -7.9% -6.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,657,626 100,000 103,898 70,361 1,031.1 516 Apr 28, 2023 J-GAAP
Mar, 2024 1,731,467 104,819 108,720 74,685 1,110.6 555 May 2, 2024 J-GAAP
Mar, 2025 Guidance 1,830,000 120,000 123,000 84,000 1,267.8 630 Oct 22, 2024 J-GAAP
YoY +5.7% +14.5% +13.1% +12.5% +14.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 429,082 27,891 28,156 20,509 300.1 6.5 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 432,706 29,242 30,233 21,157 311.6 6.8 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 461,637 23,547 23,989 14,539 216.2 5.1 May 2, 2024 J-GAAP
Apr - Jun, 2024 445,143 33,871 35,283 24,281 371.6 7.6 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 462,156 37,192 38,520 26,838 410.5 8.0 Oct 29, 2024 J-GAAP
YoY +7.7% +33.3% +36.8% +30.9% +36.8%

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