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Daiwa Co.,Ltd., First Half Ordinary Profit Decreases by 34%
8247 Daiwa Co.,Ltd. 【J-GAAP】
Earnings ReportDaiwa Co.,Ltd. <8247> [TSE-S] announced its financial results after the market closed on October 10th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) dropped by 33.7% from the same period last year to 136 million yen. The progress rate against the 150 million yen full-year plan was 90.7%, also surpassing the five-year average of 64.9%.
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 September to February period (second half) is expected to significant drop by 82.1% from the same period last year to 14 million yen.
In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 4 million yen, a 20.0% decrease compared to the same period last year. However, the operating profit/loss margin improved from -1.5% in the same period last year to -0.4%.
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Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar - Aug, 2022 | 7,687 | 3 | 77 | 13 | 2.5 | 56.2 | Oct 11, 2022 | J-GAAP |
Mar - Aug, 2023 | 7,927 | 107 | 205 | 192 | 34.3 | 72.4 | Oct 12, 2023 | J-GAAP |
Mar - Aug, 2024 | 8,189 | 126 | 136 | 159 | 28.5 | 90.7 | Oct 10, 2024 | J-GAAP |
YoY | +3.3% | +17.8% | -33.7% | -17.2% | -17.0% |
First Half Results vs. Previous Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar - Aug, 2024 Guidance | 8,180 | 125 | 135 | 155 | 27.6 | 0 | Oct 4, 2024 | J-GAAP |
Mar - Aug, 2024 Results | 8,189 | 126 | 136 | 159 | 28.5 | 0 | Oct 10, 2024 | J-GAAP |
Revision Rate | +0.1% | +0.8% | +0.7% | +2.6% | +3.0% |
Current Period Guidance
Second Half Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Sep - Feb, 2023 | 8,610 | 115 | 78 | 460 | 82.1 | 0 | Apr 11, 2024 | J-GAAP |
Sep - Feb, 2024 Guidance | 8,511 | 174 | 14 | 21 | 3.7 | - | Oct 10, 2024 | J-GAAP |
YoY | -1.1% | +51.3% | -82.1% | -95.4% | -95.4% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Feb, 2023 | 15,852 | 103 | 137 | 70 | 12.6 | 0 | Apr 13, 2023 | J-GAAP |
Feb, 2024 | 16,537 | 222 | 283 | 652 | 116.3 | 0 | Apr 11, 2024 | J-GAAP |
Feb, 2025 Guidance | 16,700 | 300 | 150 | 180 | 32.1 | - | Oct 4, 2024 | J-GAAP |
YoY | +1.0% | +35.1% | -47.0% | -72.4% | -72.4% |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jun - Aug, 2023 | 3,921 | -60 | 5 | 13 | 2.3 | -1.5 | Oct 12, 2023 | J-GAAP |
Sep - Nov, 2023 | 3,836 | 98 | 74 | 225 | 40.1 | 2.6 | Jan 11, 2024 | J-GAAP |
Dec - Feb, 2023 | 4,774 | 17 | 4 | 235 | 41.9 | 0.4 | Apr 11, 2024 | J-GAAP |
Mar - May, 2024 | 4,216 | 140 | 132 | 132 | 23.5 | 3.3 | Jul 11, 2024 | J-GAAP |
Jun - Aug, 2024 | 3,973 | -14 | 4 | 27 | 4.8 | -0.4 | Oct 10, 2024 | J-GAAP |
YoY | +1.3% | +76.7% | -20.0% | +107.7% | +108.2% |
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