Daiki Aluminium Industry Co., Ltd. TSE:5702

Daiki Aluminium Industry : Financial Results for the Nine Months Ended December 31,2024（2MB）

Published February 7, 2025 at 6:08 a.m. UTC

Source: MarketScreener

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Financial Results for the Nine Months

Ended December 31, 2024

February 7, 2025

Daiki Aluminium Industry Co., Ltd.

(Securities Code: 5702)

1. Overview of Consolidated Financial Results	・・・	P. 3
2.	Reference	・・・	P. 12
3.	Company Overview	・・・	P. 20

PAGE

SECTION

Overview of

01	Consolidated	･･･ P. 3

Financial Results

02	Reference	･･･ P.12

03	Company Overview	･･･ P.20

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The Nine Months Ended December 31, 2024

Financial Highlights

Net sales

Operating profit

213,127 million yen

3,536 million yen

Year on Year 5.6％

Year on Year 7.1％

Profit attributable to

Ordinary profit

owners of parent

2,756 million yen

1,474 million yen

Year on Year (9.2)％

Year on Year (39.5)％

TOPIC 1

TOPIC 2

TOPIC 3

In the domestic automobile-related market, production activities of some automakers were restarted in phases from stagnation due to certification irregularities and recall problems, helping the market return on a domestic demand-led growth trajectory.

Overseas, automobile production and unit sales decreased significantly from the year-earlier levels as financial institutions tightened credit screening for auto loans in response to an increase in the household debt ratio in Thailand and Indonesia.

Given the shrinkage in the price spread between raw material prices and product selling prices, especially at overseas consolidated subsidiaries, and profit shrinkage due to lower output affected by slumping sales at automakers, which are our main source of demand.

PAGE

The Nine Months Ended December 31, 2024

Consolidated Financial Results

	Nine Months	Nine Months	Year on Year
	Ended	Ended	Increase	Percentage
(Million yen)	December 31,	December 31,
2023 results	2024 results	(decrease)	change

Net sales	201,886	213,127	+11,241	％
	5.6
Operating profit	3,301	3,536	+235	％
	7.1
Ordinary profit	3,037	2,756	(280)	(9.2)％
Profit attributable to	2,439	1,474	(964)	(39.5)％
owners of parent



Basic earnings per	60.21 yen	36.75 yen	(23.46) yen	(39.0)％
share（EPS）

PAGE

The Nine Months Ended December 31, 2024

Progress Rate Against Forecast

	Nine Months	Full-year forecast for the fiscal year	Reference
	ending March 31, 2025	Full-year results for
	Ended December
			the fiscal year ended
(Million yen)	31, 2024 results	Forecast	Progress rate
March 31, 2024

Net sales	213,127	291,200	73.2％	262,671
Operating profit	3,536	4,790	73.8％	4,619
Ordinary profit	2,756	3,750	73.5％	4,167
Profit attributable	1,474	2,110	69.9％	3,244
to owners of parent



Basic earnings per	36.75 yen	53.32 yen	68.9％	80.10 yen
share（EPS）

PAGE

The Nine Months Ended December 31, 2024

Consolidated Statements of Income

	Nine Months	Nine Months	Increase
	Ended December	Ended December	Factor analysis
	(decrease)
(Million yen)	31, 2023 results	31, 2024 results


Net sales	201,886	213,127	+11,241	Net sales increased due to a rise in the unit
sales prices of products as a result of higher
				LME prices.
				Purchase prices soared due to competition with
Cost of sales	192,079	203,222	+11,143	overseas companies for the purchase of
domestic scrap materials as a result of the
				weak yen.
Gross profit	9,806	9,904	+97
SG&A expenses	6,505	6,367	(137)
Operating profit	3,301	3,536	+235
Non-operating income	773	657	(115)
Non-operating expenses	1,036	1,437	+400
Ordinary profit	3,037	2,756	(280)
Extraordinary income	1,334	9	(1,325)	The extraordinary income in the same period of
the previous year was due to the sale of
				investment securities.
Extraordinary losses	73	79	+6
Profit before income taxes	4,298	2,686	(1,611)
Total income taxes	1,941	1,263	(677)
Profit	2,357	1,422	(934)
Profit attributable to	2,439	1,474	(964)
owners of parent


		Copyright (c) Daiki Aluminium Industry Co., Ltd. All Rights Reserved.	PAGE 6

The Nine Months Ended December 31, 2024

Consolidated Balance Sheet

	As of March	As of December	Increase	Factor analysis
(Million yen)	31, 2024	31, 2024	(decrease)

Cash and deposits	6,379	10,170	+3,790
Notes and accounts receivable - trade	52,861	65,970	+13,108	The accounts receivable balance increased
due to the rise in product sales prices.
Merchandise and finished goods	18,639	22,564	+3,924	As in the case of accounts receivable, scrap
prices rose, leading to an increase in the
				balance.
Raw materials and supplies	21,227	25,220	+3,992	As in the case of accounts receivable, scrap
prices rose, leading to an increase in the
				balance.
Property, plant and equipment	26,014	26,599	+584
Investment securities	5,070	5,481	+410
Other assets	8,487	8,300	(186)
Total assets	138,679	164,306	+25,626
Notes and accounts payable - trade	10,256	11,728	+1,472
Short-term borrowings	41,684	63,812	+22,128	The increase in working capital due to the rise
in accounts receivables, etc., was
				supplemented by short-term borrowing.
Long-term borrowings	6,435	8,072	+1,637
Other liabilities	8,240	8,177	(62)
Total liabilities	66,616	91,792	+25,175
Total net assets	72,062	72,514	+451
Total liabilities and net assets	138,679	164,306	+25,626

PAGE

Quarterly Consolidated Net Sales

													291,200
	Q1		Q2			Q3	Q4	273,033			262,671



(Million yen)
							236,056	57,902				78,074
											60,785
											(13,244)	＋11,241
									＋52,884


							73,810
139,194					70,866		69,766	75,980


				＋69,077
							59,407
		46,026					71,832
											69,098	74,595

		35,324				53,301
		29,411					72,431			63,021	62,551
							49,536

		28,432



	FY2021					FY2022	FY2023			FY2024		FY2025

PAGE

Product Sales Volume

Domestic ※

Production activities of some automakers were restarted in phases in the domestic automobile- related market, helping the market return on a domestic demand-led growth trajectory. However, the product sales volume decreased by 2.2% year-on-year in the third quarter as automobile production and unit sales had not recovered yet to the previous year's level.

							1Q	2Q
219,775		236,459		232,321		227,437


	(6,689)	56,346	(600)	55,745	(3,912)	51,833
63,035

	(3,053)	61,061	＋587	61,648	(1,714)	59,934	(1,105)

64,114
	＋5,002	57,256	＋2,303	59,560	(3,423)	56,137	＋2,336

52,253
40,371	＋21,423	61,794	(6,429)	55,365	＋4,165	59,531	(5,135)


FY2021		FY2022		FY2023		FY2024

3Q	4Q （ｔ）
233,839
62,142
58,828
58,474
54,395
FY2025

*Domestic = Daiki Aluminium and domestic consolidated subsidiaries	Copyright (c) Daiki Aluminium Industry Co., Ltd. All Rights Reserved.	PAGE	9

Product Sales Volume

Overseas ※

In the Southeast Asian market, the product sales volume decreased by 10.1% in the third quarter as a result of sluggish growth due to the slow recovery of automobile production and unit sales, as in the second quarter.

290,573

242,84574,329

＋3,707

70,622

(2,111)

284,003

256,514

72,218

(13,784) 58,434

1Q 2Q 3Q 4Q

（ｔ）

252,501

74,372

77,522

＋10,401

67,121

(6,904)

70,618

(4,976) 65,642

(2,687)

62,954

71,123

46,103 ＋25,020

59,000 ＋8,598 67,599

FY2021FY2022

(5,924)

＋8,370

65,198 (2,536) 62,662

75,969 (6,192) 69,777

FY2023FY2024

(6,527)	56,134

(10,736)	59,041
	FY2025

*Overseas = Overseas consolidated subsidiaries

PAGE 10