Nankai Electric Railway Co.,Ltd., First Half Ordinary Profit Increases by 49%, July-September Ordinary Profit Increases by 51%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Oct 30, 2024 4:00 pm JST Earnings

9044 Nankai Electric Railway Co.,Ltd. 【J-GAAP】

Earnings Report

Nankai Electric Railway Co.,Ltd. <9044> [TSE-P] announced its financial results after the market closed on October 30th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 19.8 billion yen, an increase of 49.4% compared to the same period last year. The progress rate against the 33 billion yen full-year plan was 60.1%, also surpassing the five-year average of 43.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 17.9% from the same period last year to 13.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 51.1% from the same period last year, reaching 10 billion yen. The operating profit margin rose from 11.8% in the same period last year to 13.1%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	108,240	9,446	8,215	7,116	62.8	43.3	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	117,672	14,237	13,268	8,867	78.3	45.3	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	123,579	18,256	19,822	12,550	110.8	60.1	Oct 30, 2024	J-GAAP
YoY	+5.0%	+28.2%	+49.4%	+41.5%	+41.5%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	123,600	18,300	19,800	12,600	111.3	17.50	Oct 29, 2024	J-GAAP
Apr - Sep, 2024 Results	123,579	18,256	19,822	12,550	110.8	17.50	Oct 30, 2024	J-GAAP
Revision Rate	0.0%	-0.2%	+0.1%	-0.4%	-0.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	123,922	16,583	16,044	15,059	133.0	35	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	138,821	14,444	13,178	8,650	76.4	17.50	Oct 30, 2024	J-GAAP
YoY	+12.0%	-12.9%	-17.9%	-42.6%	-42.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	221,280	21,023	18,965	14,623	129.1	25	Apr 28, 2023	J-GAAP
Mar, 2024	241,594	30,820	29,312	23,926	211.3	35	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	262,400	32,700	33,000	21,200	187.2	35	Oct 29, 2024	J-GAAP
YoY	+8.6%	+6.1%	+12.6%	-11.4%	-11.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	62,827	7,410	6,665	4,632	40.9	11.8	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	66,417	12,523	12,362	13,037	115.1	18.9	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	57,505	4,060	3,682	2,022	17.9	7.1	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	59,722	9,876	9,754	6,718	59.3	16.5	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	63,857	8,380	10,068	5,832	51.5	13.1	Oct 30, 2024	J-GAAP
YoY	+1.6%	+13.1%	+51.1%	+25.9%	+25.9%