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Daitron Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 21%, July-September Ordinary Profit Decreases by 22%

Fri Nov 1, 2024 3:10 pm JST Earnings

7609 Daitron Co.,Ltd. 【J-GAAP】

Earnings Report

Daitron Co.,Ltd. <7609> [TSE-P] announced its financial results after the market closed on November 1st (15:10). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 20.7% from the same period last year to 3.82 billion yen. The progress rate against the 6.15 billion yen full-year plan was 62.2%, also falling below the five-year average of 72.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 95.0% from the same period last year, reaching 2.32 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 1 billion yen, a 22.4% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 5.6% in the same period last year to 5.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 64,168 4,728 4,894 3,301 297.5 78.8 Nov 4, 2022 J-GAAP
Jan - Sep, 2023 68,259 4,731 4,823 3,216 289.7 80.2 Nov 2, 2023 J-GAAP
Jan - Sep, 2024 66,589 3,848 3,826 2,575 231.9 62.2 Nov 1, 2024 J-GAAP
YoY -2.4% -18.7% -20.7% -19.9% -19.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 46,298 2,468 2,480 1,658 149.4 70 Feb 7, 2024 J-GAAP
Jul - Dec, 2024 Guidance 47,725 3,340 3,324 2,216 199.5 70 Aug 1, 2024 J-GAAP
YoY +3.1% +35.3% +34.0% +33.7% +33.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 87,639 6,051 6,210 4,237 381.8 115 Feb 7, 2023 J-GAAP
Dec, 2023 92,156 5,943 6,015 4,014 361.7 120 Feb 7, 2024 J-GAAP
Dec, 2024 Guidance 92,500 6,000 6,150 4,100 369.2 125 Aug 1, 2024 J-GAAP
YoY +0.4% +1.0% +2.2% +2.1% +2.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 22,401 1,256 1,288 860 77.5 5.6 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 23,897 1,212 1,192 798 71.9 5.1 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 21,095 1,108 1,183 769 69.3 5.3 May 7, 2024 J-GAAP
Apr - Jun, 2024 23,680 1,552 1,643 1,115 100.4 6.6 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 21,814 1,188 1,000 691 62.2 5.4 Nov 1, 2024 J-GAAP
YoY -2.6% -5.4% -22.4% -19.7% -19.7%

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