Daiki Aluminium Industry Co., Ltd. TSE:5702

Daiki Aluminium Industry : Financial Results for the Six Months Ended September 30,2024（2MB）

Published November 14, 2024 at 2:05 a.m. UTC

Source: MarketScreener

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Financial Results for the Six Months

Ended September 30, 2024

November 14, 2024

Daiki Aluminium Industry Co., Ltd.

(Securities Code: 5702)

1. Overview of Consolidated Financial Results	・・・	P. 3
2.	Reference	・・・	P. 13
3.	Company Overview	・・・	P. 23

PAGE

SECTION

Overview of

01	Consolidated	･･･ P. 3

Financial Results

02	Reference	･･･ P.13

03	Company Overview	･･･ P.23

PAGE

The Six Months Ended September 30, 2024

Financial Highlights

Net sales

Operating profit

137,147 million yen

2,640 million yen

Year on Year 3.8％

Year on Year (3.8)％

Profit attributable to

Ordinary profit

owners of parent

2,520 million yen

1,596 million yen

Year on Year (5.9)％

Year on Year (38.2)％

TOPIC 1

TOPIC 2

TOPIC 3

In the automobile-related market, the production activities of some automakers that had stalled due to certification irregularities and recall problems gradually resumed, helping the market return on a domestic demand-led growth trajectory.

Given the shrinkage in the spread between raw material prices and product selling prices due to scrap prices remaining high compared to the same period of the previous fiscal year.

To revise the previous forecasts, as gross profit is expected to fall short with the shrunken price spread between raw materials and products from third quarter onward, especially in India and Thailand, and demand for aluminium alloys in the Southeast Asian market is expected to be sluggish. ※

* See the "Notice of Revision of Financial Results Forecast"	Copyright (c) Daiki Aluminium Industry Co., Ltd. All Rights Reserved.	PAGE	3
published on October 31, 2024.

The Six Months Ended September 30, 2024

Consolidated Financial Results

	Six months	Six months	Year on Year
	ended	ended	Increase	Percentage
(Million yen)	September 30,	September 30,
2023 results	2024 results	(decrease)	change

Net sales	132,120	137,147	5,026	％
	3.8
Operating profit	2,745	2,640	(105)	(3.8)％
Ordinary profit	2,678	2,520	(157)	(5.9)％
Profit attributable to	2,585	1,596	(988)	(38.2)％
owners of parent



Basic earnings per	63.82 yen	39.55 yen	(24.27) yen	(38.0)％
share（EPS）

PAGE

The Six Months Ended September 30, 2024

Progress Rate Against Forecast

	Six months	Six month ended September	Full year forecast ※
	ended	30, 2024 cumulative forecast

(Million yen)	September 30,		Forecast	Progress rate	Forecast	Progress rate
2024 results


Net sales	137,147		136,800	100.3％	291,200	47.1％
Operating profit	2,640		2,340	112.8％	4,790	55.1％
Ordinary profit	2,520		2,080	121.2％	3,750	67.2％
Profit
attributable to	1,596		1,430	111.6％	2,110	75.6％
owners of

parent


Basic earnings	39.55 yen		35.30 yen	112.0	53.32 yen	74.2
per share
			％		％
（EPS）

* The full year forecasts are the revised full year forecasts published	Copyright (c) Daiki Aluminium Industry Co., Ltd. All Rights Reserved. PAGE 5
on October 31, 2024.

The Six Months Ended September 30, 2024

Consolidated Statements of Income

	Six months ended	Six months ended
	September 30, 2023	September 30, 2024	Increase (decrease)
(Million yen)	results	results

Net sales	132,120	137,147	＋5,026
Cost of sales	124,986	130,236	＋5,249
Gross profit	7,133	6,910	(222)
SG&A expenses	4,387	4,270	(117)
Operating profit	2,745	2,640	(105)
Non-operating income	570	670	＋100
Non-operating expenses	637	790	＋152
Ordinary profit	2,678	2,520	(157)
Extraordinary income	1,331	7	(1,323)
Extraordinary losses	63	58	(4)
Profit before income taxes	3,945	2,469	(1,476)
Total income taxes	1,392	873	(518)
Profit	2,553	1,596	(957)
Profit attributable to owners of	2,585	1,596	(988)
parent

PAGE

The Six Months Ended September 30, 2024

Consolidated Balance Sheet

	As of March	As of September	Increase
(Million yen)	31, 2024	30, 2024	(decrease)

Cash and deposits	6,379	8,836	＋2,456
Notes and accounts receivable - trade	52,861	60,931	＋8,070
Merchandise and finished goods	18,639	21,283	＋2,643
Raw materials and supplies	21,227	29,104	＋7,877
Property, plant and equipment	26,014	27,326	＋1,312
Investment securities	5,070	4,910	(159)
Other assets	8,487	7,880	(606)
Total assets	138,679	160,274	＋21,594
Notes and accounts payable - trade	10,256	11,775	＋1,519
Short-term borrowings	41,684	56,225	＋14,541
Long-term borrowings	6,435	8,104	＋1,668
Other liabilities	8,240	9,404	＋1,164
Total liabilities	66,616	85,510	＋18,894
Total net assets	72,062	74,763	＋2,700
Total liabilities and net assets	138,679	160,274	＋21,594

PAGE

Quarterly Consolidated Net Sales

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

(Million yen)
			236,056	57,902
					60,785

			73,810
139,194			70,866		69,766
		＋41,425	(12,143)
					＋5,026


			59,407
	46,026	＋44,994		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

* The full year forecasts are the revised full year forecasts published	Copyright (c) Daiki Aluminium Industry Co., Ltd. All Rights Reserved.	PAGE	8
on October 31, 2024.

Product Sales Volume

Domestic

The secondary aluminium alloy product sales volume for Daiki Aluminium and our domestic consolidated subsidiaries increased 4.1% year-on-year in the second quarter due to the resumption of production activities by some

automakers and other reasons.

1Q 2Q 3Q 4Q （ｔ）

219,775		236,459		232,321		227,437		233,839	※1



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

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

64,114
	＋5,002	57,256	＋2,303	59,560	(3,423)	56,137	＋2,336	58,474


52,253
40,371	＋21,423	61,794	(6,429)	55,365	＋4,165	59,531	(5,135)	54,395


FY2021		FY2022		FY2023		FY2024		FY2025

*1 The full year product sales volume has also been revised in accordance with the revisions of the financial results forecast figures published on October 31, 2024.

*2 Fractional amounts in previously published figures have been revised in accordance with a change in the notation of rounding .

PAGE 9

Product Sales Volume

Overseas

In the Southeast Asian market, the product sales volume decreased by 10.5% in the second quarter as a result of sluggish growth due to the slow recovery of automobile sales, as in the first quarter. The full year sales volume is expected to decrease by 5.2% from the initial plan of 266,486 tons.

290,573	284,003

						256,514
242,845		74,329	(2,111)	72,218

				(13,784)
	＋3,707				58,434

70,622
		77,522	(6,904)	70,618	(4,976)	65,642
	＋10,401

67,121
		71,123	(5,924)	65,198	(2,536)	62,662
	＋25,020
46,103

59,000	＋8,598	67,599	＋8,370	75,969	(6,192)	69,777

FY2021		FY2022		FY2023		FY2024

1Q	2Q	3Q	4Q
		（ｔ）
	252,501	※1
(6,527)	56,134

(10,736)	59,041
	FY2025

*1	The full year product sales volume has also been revised in accordance with the revisions of the financial results forecast	Copyright (c) Daiki Aluminium Industry Co., Ltd. All Rights Reserved.	PAGE 10
	figures published on October 31, 2024.
*2	Fractional amounts in previously published figures have been revised in accordance with a change in the notation of rounding.