RIDE ON EXPRESS HOLDINGS Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 36% Decrease

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Wed Sep 25, 2024 3:00 pm JST Revision

6082 RIDE ON EXPRESS HOLDINGS Co.,Ltd. 【J-GAAP】

Guidance Update Report

RIDE ON EXPRESS HOLDINGS Co.,Ltd. <6082> [TSE-S] announced a performance revision after the market closed on September 25th (15:00). The consolidated ordinary profit for the fiscal year ending March 2025 has downwardly by 42.0%, from the previous forecast of 1.13 billion yen to 658 million yen (compared to 1.02 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 35.7% decrease in profit.

At the same time, the April to September period (first half) consolidated ordinary profit/loss has been revised downward from an expected profit of profit of 222 million yen to a loss of 46 million yen (compared to a profit of 331 million yen in the same period of the previous year), turning to a loss outlook.

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	10,633	230	222	130	13.3	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 New	10,650	-7	-46	-90	-9.2	0	Sep 25, 2024	J-GAAP
Revision Rate	+0.2%	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	23,188	1,151	1,135	709	72.5	15	May 15, 2024	J-GAAP
Mar, 2025 New	23,229	704	658	372	38.0	15	Sep 25, 2024	J-GAAP
Revision Rate	+0.2%	-38.8%	-42.0%	-47.5%	-47.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	11,051	318	331	122	12.6	0	Nov 13, 2023	J-GAAP
Apr - Sep, 2024 Guidance	10,650	-7	-46	-90	-9.2	0	Sep 25, 2024	J-GAAP
YoY	-3.6%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	25,353	1,251	1,099	546	55.6	30	May 15, 2023	J-GAAP
Mar, 2024	23,995	1,067	1,024	364	37.4	15	May 15, 2024	J-GAAP
Mar, 2025 Guidance	23,229	704	658	372	38.0	15	Sep 25, 2024	J-GAAP
YoY	-3.2%	-34.0%	-35.7%	+2.2%	+1.6%