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DAIICHIKOSHO CO. , LTD., First Half Ordinary Profit Decreases by 8%

Mon Nov 11, 2024 3:30 pm JST Earnings

7458 DAIICHIKOSHO CO. , LTD. 【J-GAAP】

Earnings Report

DAIICHIKOSHO CO. , LTD. <7458> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 7.9% from the same period last year to 8.99 billion yen. The progress rate against the 18.9 billion yen full-year plan was 47.6%, almost the same as the five-year average of 48.5%.

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 1.1% from the same period last year, reaching 9.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 4.82 billion yen, an increase of 1.5% compared to the same period last year. However, the operating profit margin decreased from 12.9% in the same period last year to 11.6%.

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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 60,671 5,469 5,773 5,990 54.9 42.4 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 71,256 9,377 9,758 6,576 60.9 49.9 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 74,321 8,996 8,991 9,598 90.4 47.6 Nov 11, 2024 J-GAAP
YoY +4.3% -4.1% -7.9% +46.0% +48.5%

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 74,300 8,700 8,400 9,300 88.3 28 Aug 8, 2024 J-GAAP
Apr - Sep, 2024 Results 74,321 8,996 8,991 9,598 90.4 28 Nov 11, 2024 J-GAAP
Revision Rate +0.0% +3.4% +7.0% +3.2% +2.4%

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 75,490 9,224 9,803 5,992 55.8 29 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 78,379 9,804 9,909 6,602 63.2 29 Nov 11, 2024 J-GAAP
YoY +3.8% +6.3% +1.1% +10.2% +13.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 128,156 12,954 13,601 8,320 76.2 56.50 May 15, 2023 J-GAAP
Mar, 2024 146,746 18,601 19,561 12,568 117.0 57 May 13, 2024 J-GAAP
Mar, 2025 Guidance 152,700 18,800 18,900 16,200 155.0 57 Aug 8, 2024 J-GAAP
YoY +4.1% +1.1% -3.4% +28.9% +32.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 35,875 4,620 4,755 3,133 29.0 12.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 38,608 5,721 5,925 3,955 36.8 14.8 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 36,882 3,503 3,878 2,037 19.0 9.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 36,886 4,647 4,164 3,407 32.0 12.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 37,435 4,349 4,827 6,191 58.3 11.6 Nov 11, 2024 J-GAAP
YoY +4.3% -5.9% +1.5% +97.6% +101.0%

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