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Daitobo, First Half Ordinary Profit Decreases by 51%
3202 Daitobo Co., Ltd. 【J-GAAP】
Earnings ReportDaitobo Co., Ltd. <3202> [TSE Std] announced its financial results in the afternoon session on November 6th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) significantly dropped 50.7% from the same period last year to 36 million yen, fell short of the previous forecast of 70 million yen.
Progress toward the full-year plan of 160 million yen was 22.5%, also falling below the five-year average of 36.1%.
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 October to March period (second half) is expected to surge 2.6 times that of the same period last year, reaching 124 million yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 22 million yen, a 57.7% decrease compared to the same period last year. The operating profit margin worsened from 9.7% in the same period last year to 7.1%.
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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 |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 1,883 | 142 | 57 | 48 | 1.6 | 41.0 | Nov 7, 2023 | J-GAAP |
| Apr - Sep, 2024 | 2,000 | 171 | 73 | 38 | 1.3 | 60.3 | Nov 6, 2024 | J-GAAP |
| Apr - Sep, 2025 | 1,919 | 132 | 36 | 31 | 1.1 | 22.5 | Nov 6, 2025 | J-GAAP |
| YoY | -4.1% | -22.8% | -50.7% | -18.4% | -17.2% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 2,180 | 180 | 70 | 40 | 1.3 | 0 | May 8, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 1,919 | 132 | 36 | 31 | 1.1 | 0 | Nov 6, 2025 | J-GAAP |
| Revision Rate | -12.0% | -26.7% | -48.6% | -22.5% | -20.9% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 2,106 | 144 | 48 | 16 | 0.5 | 3 | May 8, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 2,681 | 238 | 124 | 69 | 2.3 | 3 | Nov 6, 2025 | J-GAAP |
| YoY | +27.3% | +65.3% | +158.3% | +331.3% | +325.9% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 4,033 | 318 | 139 | 153 | 5.1 | 2 | May 9, 2024 | J-GAAP |
| Mar, 2025 | 4,106 | 315 | 121 | 54 | 1.8 | 3 | May 8, 2025 | J-GAAP |
| Mar, 2026 Guidance | 4,600 | 370 | 160 | 100 | 3.3 | 3 | May 8, 2025 | J-GAAP |
| YoY | +12.0% | +17.5% | +32.2% | +85.2% | +82.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 1,090 | 106 | 52 | 31 | 1.0 | 9.7 | Nov 6, 2024 | J-GAAP |
| Oct - Dec, 2024 | 1,058 | 87 | 39 | 28 | 0.9 | 8.2 | Feb 6, 2025 | J-GAAP |
| Jan - Mar, 2025 | 1,048 | 57 | 9 | -12 | -0.4 | 5.4 | May 8, 2025 | J-GAAP |
| Apr - Jun, 2025 | 877 | 58 | 14 | 25 | 0.9 | 6.6 | Aug 6, 2025 | J-GAAP |
| Jul - Sep, 2025 | 1,042 | 74 | 22 | 6 | 0.2 | 7.1 | Nov 6, 2025 | J-GAAP |
| YoY | -4.4% | -30.2% | -57.7% | -80.6% | -79.8% |
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