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DAIHEN CORPORATION, July-September (2Q) Ordinary Profit Decreases by 4%

Wed Nov 6, 2024 3:40 pm JST Earnings

6622 DAIHEN CORPORATION 【J-GAAP】

Earnings Report

DAIHEN CORPORATION <6622> [TSE-P] announced its financial results after the market closed on November 6th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 5.76 billion yen, a 0.3% decrease compared to the same period last year. The progress rate against the 16.8 billion yen full-year plan was 34.3%, also falling below the five-year average of 39.5%.

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 grow by 7.2% from the same period last year, reaching 11 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 4.27 billion yen, a 3.9% decrease compared to the same period last year. The operating profit margin worsened from 9.8% 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 83,186 7,354 8,213 6,107 248.9 46.5 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 78,935 5,071 5,785 4,087 166.6 36.0 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 96,088 5,064 5,766 4,215 173.3 34.3 Nov 6, 2024 J-GAAP
YoY +21.7% -0.1% -0.3% +3.1% +4.1%

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 90,000 4,500 5,000 3,500 144.0 82.50 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 96,088 5,064 5,766 4,215 173.3 82.50 Nov 6, 2024 J-GAAP
Revision Rate +6.8% +12.5% +15.3% +20.4% +20.4%

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 109,636 10,074 10,297 12,407 506.4 82.50 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 108,912 10,936 11,034 7,785 325.7 82.50 Nov 6, 2024 J-GAAP
YoY -0.7% +8.6% +7.2% -37.3% -35.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 185,288 16,568 17,660 13,193 537.7 162 May 10, 2023 J-GAAP
Mar, 2024 188,571 15,145 16,082 16,494 673.2 165 May 9, 2024 J-GAAP
Mar, 2025 Guidance 205,000 16,000 16,800 12,000 502.0 165 May 9, 2024 J-GAAP
YoY +8.7% +5.6% +4.5% -27.2% -25.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 43,645 4,299 4,451 3,399 138.5 9.8 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 48,300 2,747 2,729 7,182 292.9 5.7 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 61,336 7,327 7,568 5,225 213.3 11.9 May 9, 2024 J-GAAP
Apr - Jun, 2024 43,306 901 1,494 652 26.8 2.1 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 52,782 4,163 4,272 3,563 146.5 7.9 Nov 6, 2024 J-GAAP
YoY +20.9% -3.2% -4.0% +4.8% +5.8%

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