Daido Signal Co.,Ltd., First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Increases by 2.6 times

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Nov 8, 2024 4:00 pm JST Earnings

6743 Daido Signal Co.,Ltd. 【J-GAAP】

Earnings Report

Daido Signal Co.,Ltd. <6743> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 473 million yen (compared to a loss of 3 million yen in the same period last year). The progress rate against the 1.2 billion yen full-year plan was 39.4%, exceeding the five-year average of 34.3%.

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 drop by 48.0% from the same period last year to 727 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.6 times that of the same period last year, reaching 313 million yen. The operating profit margin significantly improved from 2.9% in the same period last year to 6.0%.

Kabutan News

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	8,857	352	421	249	14.0	41.7	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	8,106	-85	-3	-351	-19.7	ー	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	9,570	364	473	771	47.0	39.4	Nov 8, 2024	J-GAAP
YoY	+18.1%	－	－	－	－

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	ー	ー	ー	ー	－	－	May 16, 2024	J-GAAP
Apr - Sep, 2024 Results	9,570	364	473	771	47.0	－	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	12,662	1,381	1,398	921	51.8	10	May 16, 2024	J-GAAP
Oct - Mar, 2024 Guidance	12,430	736	727	729	46.2	12	Nov 8, 2024	J-GAAP
YoY	-1.8%	-46.7%	-48.0%	-20.8%	-10.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	19,496	925	1,009	588	33.1	10	May 18, 2023	J-GAAP
Mar, 2024	20,768	1,296	1,395	570	32.1	10	May 16, 2024	J-GAAP
Mar, 2025 Guidance	22,000	1,100	1,200	1,500	95.0	12	May 16, 2024	J-GAAP
YoY	+5.9%	-15.1%	-14.0%	+163.2%	+196.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,535	130	121	-256	-14.4	2.9	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	5,559	486	512	30	1.7	8.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	7,103	895	886	891	50.2	12.6	May 16, 2024	J-GAAP
Apr - Jun, 2024	4,439	56	160	645	37.9	1.3	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	5,131	308	313	126	7.7	6.0	Nov 8, 2024	J-GAAP
YoY	+13.1%	+136.9%	+158.7%	－	－