Daiko Tsusan (7673) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of FY2025 rose 24.4% year-over-year to ¥10,319 million, with operating profit up 50.8% and net profit up 55.3%, driven by proactive sales activities and strong demand in CATV, information communication, and disaster prevention infrastructure.

• Growth was supported by early project completions, expansion in data center, CATV, and medical facility projects, and gains in all regional and product segments.

Financial highlights

• Operating profit reached ¥607 million, up 50.8% year-over-year; ordinary profit was ¥619 million, up 52.4%; net profit was ¥420 million, up 55.3%.

• Gross profit increased 20.0% to ¥1,536 million, but gross profit margin slightly declined due to higher procurement costs and price competition.

• Progress rates against full-year forecasts: revenue 54.3%, operating profit 61.7%, ordinary profit 61.7%, net profit 63.6%.

• EPS for the half-year was ¥78.82, compared to ¥50.76 in the prior year.

Outlook and guidance

• Full-year forecast remains unchanged, projecting revenue of ¥19,000 million (+10.3% YoY), operating profit of ¥983 million (+11.0%), ordinary profit of ¥1,002 million (+11.8%), and net profit of ¥660 million (+9.8%).

• No revision to guidance despite strong first-half performance; will update if necessary based on future trends.