Japan Transcity Corporation, First Half Ordinary Profit Revised Upward to an Unexpected 22% Increase, Full Year also Increased, Dividend Revised Upward by 1 yen

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Wed Oct 30, 2024 1:00 pm JST Revision

9310 Japan Transcity Corporation 【J-GAAP】

Guidance Update Report

Japan Transcity Corporation <9310> [TSE-P] announced a revision to its performance and dividend in the afternoon session on October 30th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 27.0%, from the previous forecast of 3.7 billion yen to 4.7 billion yen (compared to 3.86 billion yen in the same period of the previous year), turning to a 21.5% increase in the consolidated ordinary profit outlook.

Following the strong performance in the first half, the full-year consolidated ordinary profit has been revised upward by 2.6%, from the previous forecast of 7.6 billion yen to 7.8 billion yen (compared to 7.35 billion yen in the previous period), increasing the growth rate from 3.4% to 6.1%.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 33.5 yen to 34.5 yen (compared to 13 yen in the previous period).

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	61,400	3,300	3,700	2,400	37.9	16.50	May 13, 2024	J-GAAP
Apr - Sep, 2024 New	61,600	4,000	4,700	3,100	49.1	16.50	Oct 30, 2024	J-GAAP
Revision Rate	+0.3%	+21.2%	+27.0%	+29.2%	+29.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	124,000	6,600	7,600	5,300	84.3	33.50	May 13, 2024	J-GAAP
Mar, 2025 New	124,000	6,800	7,800	5,400	85.9	34.50	Oct 30, 2024	J-GAAP
Revision Rate	0.0%	+3.0%	+2.6%	+1.9%	+1.9%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	62,183	3,212	3,868	2,617	40.9	6	Nov 9, 2023	J-GAAP
Apr - Sep, 2024 Guidance	61,600	4,000	4,700	3,100	49.1	16.50	Oct 30, 2024	J-GAAP
YoY	-0.9%	+24.5%	+21.5%	+18.5%	+20.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	134,063	7,250	8,996	6,155	95.7	11.50	May 15, 2023	J-GAAP
Mar, 2024	122,555	6,241	7,352	4,633	72.5	13	May 13, 2024	J-GAAP
Mar, 2025 Guidance	124,000	6,800	7,800	5,400	85.9	34.50	Oct 30, 2024	J-GAAP
YoY	+1.2%	+9.0%	+6.1%	+16.6%	+18.4%