kabutan

DAIREI CO.,LTD, First Half Ordinary Profit Decreases by 33%, July-September Ordinary Profit Decreases by 33%

Thu Oct 31, 2024 2:00 pm JST Earnings

2883 DAIREI CO.,LTD 【J-GAAP】

Earnings Report

DAIREI CO.,LTD <2883> [TSE-S] announced its financial results in the afternoon session on October 31st (14:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 32.7% from the same period last year to 397 million yen. The progress rate against the 1.25 billion yen full-year plan was 31.8%, also falling below the five-year average of 47.7%.

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 expand by 66.0% from the same period last year, reaching 853 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit dropped to 172 million yen, a 33.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 3.5% in the same period last year to 3.3%.

Kabutan News

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 13,107 758 799 539 91.3 52.0 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 13,964 560 590 398 67.5 53.4 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 12,999 420 397 252 42.7 31.8 Oct 31, 2024 J-GAAP
YoY -6.9% -25.0% -32.7% -36.7% -36.7%

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 12,999 420 397 252 42.6 － Oct 23, 2024 J-GAAP
Apr - Sep, 2024 Results 12,999 420 397 252 42.7 － Oct 31, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.1%

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 13,452 506 514 368 62.3 60 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 17,001 830 853 593 100.4 60 Oct 23, 2024 J-GAAP
YoY +26.4% +64.0% +66.0% +61.1% +61.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 27,239 1,525 1,537 1,023 173.3 60 May 10, 2023 J-GAAP
Mar, 2024 27,416 1,066 1,104 766 129.8 60 May 10, 2024 J-GAAP
Mar, 2025 Guidance 30,000 1,250 1,250 845 143.0 60 May 10, 2024 J-GAAP
YoY +9.4% +17.3% +13.2% +10.3% +10.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,000 244 258 167 28.3 3.5 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 7,509 342 316 218 36.9 4.6 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 5,943 164 198 150 25.4 2.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,405 204 225 139 23.7 3.2 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 6,594 216 172 113 19.1 3.3 Oct 31, 2024 J-GAAP
YoY -5.8% -11.5% -33.3% -32.3% -32.4%

Related Articles