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DAIEISANGYO Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 30% Decrease

Mon Sep 9, 2024 4:00 pm JST Revision

2974 DAIEISANGYO Co.,Ltd. 【J-GAAP】

Guidance Update Report

DAIEISANGYO Co.,Ltd. <2974> [FukuokaSE] announced a performance revision after the market closed on September 9th (16:00). The consolidated ordinary profit for the fiscal year ending September 2024 has downwardly by 29.9%, from the previous forecast of 812 million yen to 569 million yen (compared to 808 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 29.6% decrease in profit.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the April to September period (second half) consolidated ordinary profit has downwardly by 18.3%, from the previous forecast of 1.32 billion yen to 1.08 billion yen (compared to 600 million yen in the same period of the previous year), leading to a reduction in the profit decline rate from 2.2 times to 80.5%.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Prev 23,240 1,496 1,326 902 273.6 12 May 13, 2024 J-GAAP
Apr - Sep, 2024 New 21,723 1,219 1,083 708 214.7 12 Sep 9, 2024 J-GAAP
Revision Rate -6.5% -18.5% -18.3% -21.5% -21.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 Prev 38,555 1,123 812 531 161.1 23 Nov 13, 2023 J-GAAP
Sep, 2024 New 37,038 846 569 337 102.2 23 Sep 9, 2024 J-GAAP
Revision Rate -3.9% -24.7% -29.9% -36.5% -36.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 20,150 688 600 390 118.6 12 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 Guidance 21,723 1,219 1,083 708 214.7 12 Sep 9, 2024 J-GAAP
YoY +7.8% +77.2% +80.5% +81.5% +81.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2022 33,999 1,149 965 698 212.4 20 Nov 11, 2022 J-GAAP
Sep, 2023 35,759 1,021 808 528 160.5 23 Nov 13, 2023 J-GAAP
Sep, 2024 Guidance 37,038 846 569 337 102.2 23 Sep 9, 2024 J-GAAP
YoY +3.6% -17.1% -29.6% -36.2% -36.3%

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