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DAIKEN CO.,LTD., First Half Ordinary Profit Decreases by 58%, June-Augus Ordinary Profit Decreases by 50%

Fri Oct 4, 2024 3:30 pm JST Earnings

5900 DAIKEN CO.,LTD. 【J-GAAP】

Earnings Report

DAIKEN CO.,LTD. <5900> [TSE-S] announced its financial results after the market closed on October 4th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) significantly dropped by 57.5% from the same period last year to 79 million yen. The progress rate against the 600 million yen full-year plan was 13.2%, also falling below the five-year average of 30.7%.

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 September to February period (second half) is expected to expand by 74.2% from the same period last year, reaching 521 million yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit dropped to 76 million yen, a 49.7% decrease compared to the same period last year. The operating profit margin worsened from 4.8% in the same period last year to 2.0%.

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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
Mar - Aug, 2022 5,115 153 183 127 22.9 38.7 Oct 7, 2022 J-GAAP
Mar - Aug, 2023 5,216 161 186 126 23.0 38.4 Oct 6, 2023 J-GAAP
Mar - Aug, 2024 5,256 51 79 63 11.6 13.2 Oct 4, 2024 J-GAAP
YoY +0.8% -68.3% -57.5% -50.0% -49.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 5,256 51 79 63 11.5 0 Sep 27, 2024 J-GAAP
Mar - Aug, 2024 Results 5,256 51 79 63 11.6 0 Oct 4, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 5,665 287 299 202 36.9 15 Apr 5, 2024 J-GAAP
Sep - Feb, 2024 Guidance 6,244 519 521 297 54.2 17 Sep 27, 2024 J-GAAP
YoY +10.2% +80.8% +74.2% +47.0% +46.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 10,599 430 473 316 57.1 15 Apr 7, 2023 J-GAAP
Feb, 2024 10,881 448 485 328 60.0 15 Apr 5, 2024 J-GAAP
Feb, 2025 Guidance 11,500 570 600 360 65.7 17 Apr 5, 2024 J-GAAP
YoY +5.7% +27.2% +23.7% +9.8% +9.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 2,749 132 151 103 18.8 4.8 Oct 6, 2023 J-GAAP
Sep - Nov, 2023 2,675 87 88 58 10.6 3.3 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 2,990 200 211 144 26.3 6.7 Apr 5, 2024 J-GAAP
Mar - May, 2024 2,601 -2 3 4 0.9 -0.1 Jul 5, 2024 J-GAAP
Jun - Aug, 2024 2,655 53 76 59 10.8 2.0 Oct 4, 2024 J-GAAP
YoY -3.4% -59.8% -49.7% -42.7% -42.5%

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