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

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%.

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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%

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