DAIKOKUTENBUSSAN, First Half Ordinary Profit Increases by 20%, Sep-Nov Ordinary Profit Increases by 8%

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Tue Jan 14, 2025 3:30 pm JST Earnings

2791 DAIKOKUTENBUSSAN CO.,LTD. 【J-GAAP】

Earnings Report

DAIKOKUTENBUSSAN CO.,LTD. <2791> [TSE Prime] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) increased 20.1% from the same period last year, reaching 4.86 billion yen. The progress rate toward the full-year plan of 10.7 billion yen was 45.5%, exceeding the five-year average of 40.1%.

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 December to May period (2H) is expected to grow 6.2% from the same period last year, reaching 5.83 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit grew 7.6% from the same period last year, reaching 2.18 billion yen. However, the operating profit margin remained almost flat, changing from 3.0% in the same period last year to 2.9%.

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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
Jun - Nov, 2022	116,776	1,073	1,332	771	55.4	27.5	Jan 12, 2023	J-GAAP
Jun - Nov, 2023	131,787	3,955	4,052	2,488	178.7	42.5	Jan 11, 2024	J-GAAP
Jun - Nov, 2024	142,162	4,663	4,868	3,028	217.1	45.5	Jan 14, 2025	J-GAAP
YoY	+7.9%	+17.9%	+20.1%	+21.7%	+21.5%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Guidance	140,600	4,500	4,700	2,800	200.7	0	Jul 11, 2024	J-GAAP
Jun - Nov, 2024 Results	142,162	4,663	4,868	3,028	217.1	0	Jan 14, 2025	J-GAAP
Revision Rate	+1.1%	+3.6%	+3.6%	+8.1%	+8.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	138,290	5,397	5,491	3,818	274.1	33	Jul 11, 2024	J-GAAP
Dec - May, 2024 Guidance	150,238	5,837	5,832	3,372	243.5	33	Jan 14, 2025	J-GAAP
YoY	+8.6%	+8.2%	+6.2%	-11.7%	-11.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	242,243	4,497	4,844	3,116	223.7	29	Jul 6, 2023	J-GAAP
May, 2024	270,077	9,352	9,543	6,306	452.6	33	Jul 11, 2024	J-GAAP
May, 2025 Guidance	292,400	10,500	10,700	6,400	462.1	33	Jul 11, 2024	J-GAAP
YoY	+8.3%	+12.3%	+12.1%	+1.5%	+2.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	65,326	1,987	2,034	1,250	89.8	3.0	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	68,349	2,678	2,718	1,702	122.2	3.9	Apr 11, 2024	J-GAAP
Mar - May, 2024	69,941	2,719	2,773	2,116	151.9	3.9	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	72,609	2,643	2,679	1,736	124.5	3.6	Oct 10, 2024	J-GAAP
Sep - Nov, 2024	69,553	2,020	2,189	1,292	92.6	2.9	Jan 14, 2025	J-GAAP
YoY	+6.5%	+1.7%	+7.6%	+3.4%	+3.2%