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DAISHO CO.,LTD., First Half Ordinary Profit Increases by 40%, July-September Ordinary Profit Increases by 49%

Tue Nov 5, 2024 3:00 pm JST Earnings

2816 DAISHO CO.,LTD. 【J-GAAP】

Earnings Report

DAISHO CO.,LTD. <2816> [TSE-S] announced its financial results in the afternoon session on November 5th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 420 million yen, an increase of 40.5% compared to the same period last year. The progress rate against the 730 million yen full-year plan was 57.5%, also surpassing the five-year average of 48.7%.

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 48.5% from the same period last year to 310 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 49.5% from the same period last year, reaching 411 million yen. The operating profit margin improved from 4.3% in the same period last year to 5.9%.

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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
Apr - Sep, 2022 10,963 281 287 180 18.7 57.7 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 11,650 294 299 202 21.0 33.2 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 12,153 398 420 294 30.5 57.5 Nov 5, 2024 J-GAAP
YoY +4.3% +35.4% +40.5% +45.5% +45.6%

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 12,100 400 420 290 30.0 9 Oct 28, 2024 J-GAAP
Apr - Sep, 2024 Results 12,153 398 420 294 30.5 9 Nov 5, 2024 J-GAAP
Revision Rate +0.4% -0.5% 0.0% +1.4% +1.6%

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 13,701 596 602 397 41.1 9 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,047 342 310 166 17.2 9 Nov 5, 2024 J-GAAP
YoY +2.5% -42.6% -48.5% -58.2% -58.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 23,374 484 497 310 32.2 18 May 12, 2023 J-GAAP
Mar, 2024 25,351 890 901 599 62.1 18 May 13, 2024 J-GAAP
Mar, 2025 Guidance 26,200 740 730 460 47.7 18 May 13, 2024 J-GAAP
YoY +3.3% -16.9% -19.0% -23.2% -23.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,340 273 275 181 18.8 4.3 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 8,401 991 996 689 71.4 11.8 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 5,300 -395 -394 -292 -30.3 -7.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 5,553 7 9 10 1.1 0.1 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 6,600 391 411 284 29.5 5.9 Nov 5, 2024 J-GAAP
YoY +4.1% +43.2% +49.5% +56.9% +57.0%

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