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Denyo Co.,Ltd., First Half Ordinary Profit Increases by 49%

Thu Nov 14, 2024 2:00 pm JST Earnings

6517 Denyo Co.,Ltd. 【J-GAAP】

Earnings Report

Denyo Co.,Ltd. <6517> [TSE-P] announced its financial results in the afternoon session on November 14th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3.42 billion yen, an increase of 48.7% compared to the same period last year, exceeded the previous forecast of 2.4 billion yen.

The progress rate against the 7 billion yen full-year plan was 49.0%, exceeding the five-year average of 35.3%.

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 decrease by 29.6% from the same period last year to 3.57 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 33.6% from the same period last year, reaching 1.5 billion yen. The operating profit margin improved from 6.7% in the same period last year to 7.9%.

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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 28,271 1,083 1,157 800 38.6 22.3 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 34,201 2,167 2,305 1,598 77.5 31.2 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 34,020 3,089 3,427 2,294 111.1 49.0 Nov 14, 2024 J-GAAP
YoY -0.5% +42.5% +48.7% +43.6% +43.4%

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 34,000 2,300 2,400 1,600 77.5 30 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 34,020 3,089 3,427 2,294 111.1 30 Nov 14, 2024 J-GAAP
Revision Rate +0.1% +34.3% +42.8% +43.4% +43.4%

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 38,939 4,922 5,073 3,497 169.4 40 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 39,980 3,611 3,573 2,406 117.6 40 Nov 14, 2024 J-GAAP
YoY +2.7% -26.6% -29.6% -31.2% -30.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 64,311 4,874 5,180 3,633 175.6 50 May 11, 2023 J-GAAP
Mar, 2024 73,140 7,089 7,378 5,095 246.8 64 May 9, 2024 J-GAAP
Mar, 2025 Guidance 74,000 6,700 7,000 4,700 229.8 70 May 9, 2024 J-GAAP
YoY +1.2% -5.5% -5.1% -7.8% -6.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 17,365 1,171 1,128 792 38.4 6.7 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 19,150 1,719 1,775 1,230 59.6 9.0 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 19,789 3,203 3,298 2,267 109.8 16.2 May 9, 2024 J-GAAP
Apr - Jun, 2024 16,708 1,716 1,920 1,259 61.0 10.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 17,312 1,373 1,507 1,035 50.1 7.9 Nov 14, 2024 J-GAAP
YoY -0.3% +17.3% +33.6% +30.7% +30.6%

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