Financials Daiwa Securities Living Investment Corporation

Equities

Market Closed - Japan Exchange Other stock markets 01:30:00 2024-12-02 am EST			5-day change	1st Jan Change
90,200.00 ^JPY	-0.77%		-0.33%	-13.52%

Nov. 20	Daiwa Securities Living Investment Corporation Provides Consolidated Earnings Guidance for the Period from October 1, 2024, to March 31, 2025 and April 1, 2025 to September 30, 2025	CI
Nov. 20	Daiwa Securities Living Investment Corporation Announces New Borrowing for Purpose of Refinancing the Existing Borrowings	CI

Fiscal Period: March	2020	2022	2023	2024	2025	2026	2027
Net sales ¹	16,723	22,075	23,335	25,251	27,452	25,659	27,149
Change	-	-	5.71%	8.21%	8.72%	-6.53%	5.81%
EBITDA ¹	-	7,823	-	18,078	20,670	20,900	20,510
Change	-	-	-100%	-	14.34%	1.11%	-1.87%
EBIT ¹	7,597	10,414	10,913	12,835	13,789	12,371	13,799
Change	-	-	4.79%	17.61%	7.43%	-10.28%	11.54%
Interest Paid	-1,037	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	6,624	9,055	9,483	11,338	11,904	10,183	10,286
Change	-	-	4.72%	19.56%	5%	-14.46%	1.01%
Net income ¹	6,623	9,053	9,481	11,336	11,903	10,182	11,628
Change	-	-	4.73%	19.56%	5%	-14.46%	14.2%
Announcement Date	5/20/20	6/21/22	5/23/23	5/22/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2019 S2	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	8,257	8,460	8,262	11,645	10,488	10,812	11,263	11,437	11,898	11,967	13,104	14,171	13,297
Change	-	2.46%	-2.34%	40.95%	-9.94%	3.09%	4.17%	1.54%	4.04%	0.58%	9.5%	8.14%	-6.17%
EBITDA ¹	5,555	-	-	7,150	7,469	-	7,821	7,851	8,164	8,838	9,232	8,659	9,457
Change	-	-100%	-	-	4.46%	-100%	-	0.38%	3.99%	8.25%	4.46%	-6.21%	9.22%
EBIT ¹	3,720	3,835	3,762	4,861	5,102	5,091	5,325	5,342	5,571	6,236	6,610	7,332	6,704
Change	-	3.08%	-1.9%	29.21%	4.95%	-0.22%	4.6%	0.33%	4.3%	11.93%	5.99%	10.93%	-8.56%
Charge d'intérêts ¹	-417.6	-391.9	-509.4	-622.8	-634.4	-660	-682.3	-690.5	-	-724.3	-768	-894	-1,056
Earnings before Tax (EBT) ¹	3,159	3,365	3,259	6,134	4,458	4,433	4,622	4,653	4,829	5,524	5,799	6,452	5,682
Change	-	6.52%	-3.15%	88.21%	-27.32%	-0.56%	4.26%	0.68%	3.78%	14.38%	4.98%	11.26%	-11.94%
Net income ¹	3,158	3,364	3,258	6,133	4,457	4,433	4,622	4,653	4,829	5,523	5,798	6,451	5,667
Change	-	6.52%	-3.16%	88.24%	-27.32%	-0.56%	4.26%	0.68%	3.78%	14.38%	4.98%	11.26%	-12.15%
Announcement Date	5/21/19	11/19/19	5/20/20	11/19/20	5/20/21	11/17/21	6/21/22	11/21/22	5/23/23	11/22/23	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2020	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	-	-	192,412	184,970	176,460	168,340
Change	-	-	-	-	-3.87%	-4.6%	-4.6%
Announcement Date	5/20/20	6/21/22	5/23/23	5/22/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2020	2022	2023	2024	2025	2026	2027
CAPEX ¹	9,803	22,848	21,863	50,583	10,971	4,371	4,329
Change	-	-	-4.31%	131.37%	-78.31%	-60.16%	-0.96%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Announcement Date	5/20/20	6/21/22	5/23/23	5/22/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	35.44%	-	71.59%	75.3%	81.45%	75.55%
EBIT Margin (%)	45.43%	-	47.17%	46.77%	50.83%	50.23%	48.21%	50.83%
EBT Margin (%)	39.61%	-	41.02%	40.64%	44.9%	43.36%	39.69%	37.89%
Net margin (%)	39.61%	-	41.01%	40.63%	44.89%	43.36%	39.68%	42.83%
FCF margin (%)	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	6.11%	-	-	-	6.32%	6.4%	7.13%	6.82%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	10.64x	8.95x	8.44x	8.21x
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	58.62%	-	103.5%	93.69%	200.32%	39.96%	17.03%	15.95%
CAPEX / EBITDA (%)	-	-	292.08%	-	279.81%	53.08%	20.91%	21.11%
CAPEX / FCF (%)	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	4,068	4,350	4,340	4,380	4,531	4,800	4,800	5,000
Change	-	6.93%	-0.23%	0.92%	3.45%	5.94%	0%	4.17%
Book Value Per Share ¹	66,076	-	75,002	75,826	77,743	77,984	78,986	79,164
Change	-	-	-	1.1%	2.53%	0.31%	1.28%	0.23%
EPS ¹	4,037	-	4,175	4,246	4,867	4,945	4,230	4,831
Change	-	-	-	1.7%	14.63%	1.6%	-14.46%	14.21%
Nbr of stocks (in thousands)	1,640	2,132	2,205	2,261	2,407	2,407	2,407	2,407
Announcement Date	5/20/20	5/20/21	6/21/22	5/23/23	5/22/24	-	-	-