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DAIICHI CO.,LTD., 16% Decrease in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 4 yen, This Fiscal Year to Increase Dividend by 6 yen

Thu Nov 14, 2024 3:00 pm JST Earnings

7643 DAIICHI CO.,LTD. 【J-GAAP】

Earnings Report

DAIICHI CO.,LTD. <7643> [TSE-S] announced its financial results in the afternoon session on November 14th (15:00). The ordinary profit (non-consolidated) for the fiscal year ending September 2024 increased by 7.6% from the previous period to 1.95 billion yen. However, for the fiscal year ending September 2025, the profit is expected to decrease by 15.7% from the previous period to 1.65 billion yen.

At the same time, the company increased the annual dividend for the previous term from 26 yen to 30 yen (compared to 25 yen in the prior term), and has decided to increase the dividend this fiscal year to 36 yen, an increase of 6 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the ordinary profit grew by 6.7% from the same period last year, reaching 318 million yen. However, the operating profit margin remained almost flat, changing from 2.3% in the same period last year to 2.2%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2022 46,560 1,883 1,920 1,163 101.8 20 Nov 8, 2022 J-GAAP
Sep, 2023 48,047 1,788 1,820 1,234 108.0 25 Nov 10, 2023 J-GAAP
Sep, 2024 51,827 1,914 1,958 1,424 125.2 30 Nov 14, 2024 J-GAAP
YoY +7.9% +7.0% +7.6% +15.4% +15.9%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 Guidance 50,400 1,760 1,760 1,215 107.1 26 Feb 13, 2024 J-GAAP
Sep, 2024 Results 51,827 1,914 1,958 1,424 125.2 30 Nov 14, 2024 J-GAAP
Revision Rate +2.8% +8.8% +11.3% +17.2% +16.9%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 26,015 1,157 1,162 798 70.1 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 28,000 795 795 580 51.4 18 Nov 14, 2024 J-GAAP
YoY +7.6% -31.3% -31.6% -27.3% -26.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 48,047 1,788 1,820 1,234 108.0 25 Nov 10, 2023 J-GAAP
Sep, 2024 51,827 1,914 1,958 1,424 125.2 30 Nov 14, 2024 J-GAAP
Sep, 2025 Guidance 58,500 1,650 1,650 1,200 106.8 36 Nov 14, 2024 J-GAAP
YoY +12.9% -13.8% -15.7% -15.7% -14.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,088 279 298 253 22.2 2.3 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 13,385 688 691 476 41.7 5.1 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 12,630 469 471 322 28.3 3.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 12,734 474 478 328 28.8 3.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 13,078 283 318 298 26.2 2.2 Nov 14, 2024 J-GAAP
YoY +8.2% +1.4% +6.7% +17.8% +18.3%

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