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Tokyo, June 11, 2021 /PRNewswire/ – In the last three months March 31, 2021, Net sales increased while profits fell. At the same time, the company has formulated a new medium-term management plan “PROTECT × CHANGE”, and is advancing with the corporate mission of “protecting the environment and changing the future”.
Summary of results
As of three months, the surrounding business environment of the company continued to be sluggish March 31, 2021 Due to the impact of the COVID-19 pandemic.
In this case, in February 2021, The company formulated a new mid-term management plan “PROTECT × CHANGE”, starting from the end of the fiscal year December 31, 2021 Through the end of the fiscal year December 31, 2023The name of the plan also serves as the company’s corporate slogan and also represents the main thrust of the plan. All employees of the group will re-familiarize and embody this theme and corporate slogan, and promote the corporate mission of “protecting the environment and changing the future” with a united front.
When formulating this new mid-term management plan, due to the impact of the COVID-19 pandemic, the company only calculated quantitative targets annually. At the same time, the qualitative goals of the plan follow the company’s previous mid-term business plan, and continue to advance around the promotion of growth strategy. Specifically, in the environmental protection equipment sector, the company will promote the development of overseas business, while expanding its recurring revenue energy service company (ESCO) business in the maintenance and water affairs. At the same time, in the household equipment-related business sector, the company will develop e-commerce business and realize the transition from stability to growth. In the field of renewable energy, the company will carry out measures aimed at achieving a recycling-oriented society, enhance its ability to stabilize profits, and develop high-value-added businesses and products after the end of the feed-in tariff (FIT). ) System application. In terms of overall measures, the company will strengthen its internal organization, support the successful implementation of its IT strategy, and use IT as a tool to increase productivity.
Net sales generated within three months March 31, 2021 Reach 9.878 billion yen (A year-on-year increase of 3.0%).At the end of the six-month period ending June 30, 2020, The company sold its subsidiary DAD Co., Ltd., which operates civil engineering business.Therefore, the gross profit is 2.041 billion yen (relatively 2.042 billion yen During the end of the three-month period March 31, 2020) As operating profit increases 449 million yen (Down 10.5% year-on-year), recurring profit 495 million yen (Decrease by 8.9% year-on-year), profit before income tax 498 million yen (Increased by 8.7% year-on-year), and profit attributable to owners of the parent company 277 million yen (Decrease by 1.4% year-on-year).
In the environmental protection equipment sector, sales of sewage treatment systems increased year-on-year. Although the COVID-19 pandemic has led to a decline in capital investment demand, domestic sales have increased due to increased orders for large-scale projects. Overseas sales continue to be affected by the downward impact of the deteriorating business environment caused by the pandemic. In terms of recurring revenue business, the performance related to purification villages/sewage treatment systems and maintenance was flat year-on-year, while the sales of energy service companies (ESCO) in the water sector declined year-on-year, mainly due to the decline in the number of customers. Water consumption.Therefore, the sales of the environmental equipment department reached 5.172 billion yen (Increased by 2.6% year-on-year) and segment profit reached 481 million yen (Decrease 3.9% year-on-year).
In the household equipment-related business segment, construction-related sales have increased significantly, mainly due to the upward impact of large-scale projects that focus on environmentally friendly products, such as stadium cooling systems and DIY store renovations. Housing facilities projects were affected by conservative changes in capital investment demand, and related sales declined as a whole, because the decline in sales of agricultural greenhouses and exterior wall repairs offset the increase in sales of cold storage and freezing equipment caused by climate change. big project.During the ending three months March 31, 2020, The sales of retail products produced through DIY stores are affected by delayed shipments of manufacturers’ products, which are caused by circumstances related to the COVID-19 pandemic and lead to delays in delivery. However, the supply of these products did not encounter such obstacles in the three months before the deadline. March 31, 2021, The corresponding sales increased substantially. In the EC business, field surveys and other sales activities for end users have been postponed due to the pandemic.Due to these factors, the sales of household equipment-related business units reached 4.363 billion yen (Increased by 9.5% year-on-year) and segment operating profit reached 197 million yen (A year-on-year increase of 59.8%).
In the field of renewable energy, through the solar sales business, the company has been renting roof space in DCM Group stores since FY2018. In this space, it builds power generation facilities and sells electricity under the feed-in tariff (FIT) system.As March 31, 2021, The company has interconnected with 130 external power sources (as of March 31, 2020) And the corresponding sales growth year-on-year. The sales of biodiesel fuel and compact wind power business were almost flat year-on-year.Despite the overall increase in segment sales, the decline in operating profit was mainly due to the company’s 7 million yen Costs associated with repairing solar power facilities.As a result, sales in the renewable energy sector reached 183 million yen (A year-on-year increase of 11.6%) and segment operating profit reached 29 million yen (Decrease 1.9% year-on-year).
In other segments, sales of the engineering business fell sharply year-on-year due to the sale of DAD Co., Ltd, which was executed as of the end of the six-month period June 30, 2020In the domestic drinking water business, sales were strong due to the increase in the number of water dispenser contracts directly connected to the water supply system.Due to these factors, the sales generated by other segments reached 158 million yen (Down 60.4% year-on-year) while the operating profit of other segments reached 28 million yen (Down 55.1% year-on-year).
Daiki Axis Co., Ltd. (4245, First Section, TSE http://www.daiki-axis.com/english/)
“Summary of consolidated financial performance for the three months ended March 31, 2021“Available here:
→https://www.daiki-axis.com/ir/library/#
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Source: Daiki Axis Co., Ltd.
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