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DKK-TOA CORPORATION, First Half Ordinary Profit Decreases by 28%, July-September Ordinary Profit Decreases by 43%

Tue Nov 12, 2024 4:00 pm JST Earnings

6848 DKK-TOA CORPORATION 【J-GAAP】

Earnings Report

DKK-TOA CORPORATION <6848> [TSE-S] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 28.4% from the same period last year to 408 million yen. The progress rate against the 1.63 billion yen full-year plan was 25.0%, also falling below the five-year average of 30.9%.

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 4.5% from the same period last year to 1.22 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 169 million yen, a 43.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.0% in the same period last year to 2.4%.

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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 7,154 360 372 311 15.7 21.5 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 7,666 545 570 391 19.9 30.8 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 8,059 319 408 262 13.3 25.0 Nov 12, 2024 J-GAAP
YoY +5.1% -41.5% -28.4% -33.0% -33.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － － Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 8,059 319 408 262 13.3 － Nov 12, 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 9,778 1,223 1,279 901 45.7 21 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,941 1,221 1,222 908 45.9 21 Nov 12, 2024 J-GAAP
YoY +1.7% -0.2% -4.5% +0.8% +0.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 16,540 1,649 1,732 1,218 61.5 18 Apr 28, 2023 J-GAAP
Mar, 2024 17,444 1,768 1,849 1,292 65.5 21 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 18,000 1,540 1,630 1,170 59.2 21 Apr 26, 2024 J-GAAP
YoY +3.2% -12.9% -11.8% -9.4% -9.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,981 279 298 210 10.7 7.0 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 4,697 692 711 505 25.6 14.7 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 5,081 531 568 396 20.1 10.5 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 3,854 216 239 146 7.4 5.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,205 103 169 116 5.9 2.4 Nov 12, 2024 J-GAAP
YoY +5.6% -63.1% -43.3% -44.8% -44.9%

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