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DAIKOKUTENBUSSAN, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 32% Decrease
2791 DAIKOKUTENBUSSAN CO.,LTD. 【J-GAAP】
Earnings ReportDAIKOKUTENBUSSAN 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 2026 (June to November) dropped 36.8% from the same period last year to 3.07 billion yen, fell short of the previous forecast of 4.60 billion yen.
In addition, the full-year forecast for consolidated ordinary profit has decreased 33.7%, from the previous forecast of 10.4 billion yen to 6.90 billion yen (compared to 10.0 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 31.6% decrease in profit.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the December to May period (second half) is expected to decrease 26.7% from the same period last year to 3.82 billion yen.
In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit dropped to 1.27 billion yen, a 41.8% decrease compared to the same period last year. The operating profit margin worsened from 2.9% in the same period last year to 1.6%.
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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 - 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 | 48.3 | Jan 14, 2025 | J-GAAP |
| Jun - Nov, 2025 | 156,189 | 2,912 | 3,075 | 1,821 | 132.4 | 44.6 | Jan 14, 2026 | J-GAAP |
| YoY | +9.9% | -37.6% | -36.8% | -39.9% | -39.0% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jun - Nov, 2025 Guidance | 151,400 | 4,600 | 4,600 | 3,100 | 231.1 | 0 | Jul 10, 2025 | J-GAAP |
| Jun - Nov, 2025 Results | 156,189 | 2,912 | 3,075 | 1,821 | 132.4 | 0 | Jan 14, 2026 | J-GAAP |
| Revision Rate | +3.2% | -36.7% | -33.2% | -41.3% | -42.7% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| May, 2026 Prev | 312,900 | 10,300 | 10,400 | 6,900 | 514.5 | 35 | Jul 10, 2025 | J-GAAP |
| May, 2026 New | 319,900 | 6,700 | 6,900 | 4,400 | 328.1 | 35 | Jan 14, 2026 | J-GAAP |
| Revision Rate | +2.2% | -35.0% | -33.7% | -36.2% | -36.2% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec - May, 2024 | 150,778 | 5,149 | 5,220 | 3,746 | 268.8 | 39 | Jul 10, 2025 | J-GAAP |
| Dec - May, 2025 Guidance | 163,711 | 3,788 | 3,825 | 2,579 | 192.3 | 35 | Jan 14, 2026 | J-GAAP |
| YoY | +8.6% | -26.4% | -26.7% | -31.2% | -28.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| May, 2024 | 270,077 | 9,352 | 9,543 | 6,306 | 452.6 | 33 | Jul 11, 2024 | J-GAAP |
| May, 2025 | 292,940 | 9,812 | 10,088 | 6,774 | 486.0 | 39 | Jul 10, 2025 | J-GAAP |
| May, 2026 Guidance | 319,900 | 6,700 | 6,900 | 4,400 | 328.1 | 35 | Jan 14, 2026 | J-GAAP |
| YoY | +9.2% | -31.7% | -31.6% | -35.0% | -32.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep - Nov, 2024 | 69,553 | 2,020 | 2,189 | 1,292 | 92.6 | 2.9 | Jan 14, 2025 | J-GAAP |
| Dec - Feb, 2024 | 72,909 | 2,586 | 2,670 | 1,757 | 126.0 | 3.5 | Apr 11, 2025 | J-GAAP |
| Mar - May, 2025 | 77,869 | 2,563 | 2,550 | 1,989 | 142.7 | 3.3 | Jul 10, 2025 | J-GAAP |
| Jun - Aug, 2025 | 78,947 | 1,673 | 1,802 | 1,118 | 80.8 | 2.1 | Oct 14, 2025 | J-GAAP |
| Sep - Nov, 2025 | 77,242 | 1,239 | 1,273 | 703 | 51.1 | 1.6 | Jan 14, 2026 | J-GAAP |
| YoY | +11.1% | -38.7% | -41.8% | -45.6% | -44.8% |
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