TRINITY INDUSTRIAL CORPORATION, First Half Ordinary Profit Increases by 27%, July-September Ordinary Profit Increases by 39%

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Thu Oct 31, 2024 3:00 pm JST Earnings

6382 TRINITY INDUSTRIAL CORPORATION 【J-GAAP】

Earnings Report

TRINITY INDUSTRIAL CORPORATION <6382> [TSE-S] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 27.2% from the same period last year, reaching 1.42 billion yen. The progress rate against the 3.05 billion yen full-year plan was 46.8%, exceeding the five-year average of 38.9%.

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 13.9% from the same period last year to 1.62 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 39.1% from the same period last year, reaching 807 million yen. The operating profit margin improved from 5.7% in the same period last year to 7.1%.

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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	13,093	32	245	309	18.9	16.7	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	15,407	867	1,123	660	41.1	37.3	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	18,076	1,137	1,428	763	47.4	46.8	Oct 31, 2024	J-GAAP
YoY	+17.3%	+31.1%	+27.2%	+15.6%	+15.4%

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	17,500	800	1,350	700	43.5	20	Apr 24, 2024	J-GAAP
Apr - Sep, 2024 Results	18,076	1,137	1,428	763	47.4	20	Oct 31, 2024	J-GAAP
Revision Rate	+3.3%	+42.1%	+5.8%	+9.0%	+9.1%

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	21,585	1,928	1,884	1,398	87.0	25	Apr 24, 2024	J-GAAP
Oct - Mar, 2024 Guidance	20,924	1,463	1,622	1,287	79.9	20	Oct 31, 2024	J-GAAP
YoY	-3.1%	-24.1%	-13.9%	-7.9%	-8.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	29,047	965	1,471	1,267	78.2	30	Apr 28, 2023	J-GAAP
Mar, 2024	36,992	2,795	3,007	2,058	128.0	40	Apr 24, 2024	J-GAAP
Mar, 2025 Guidance	39,000	2,600	3,050	2,050	127.2	40	Apr 24, 2024	J-GAAP
YoY	+5.4%	-7.0%	+1.4%	-0.4%	-0.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,897	450	580	435	27.1	5.7	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	9,778	964	1,064	799	49.7	9.9	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	11,807	964	820	599	37.3	8.2	Apr 24, 2024	J-GAAP
Apr - Jun, 2024	8,655	470	621	160	10.0	5.4	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	9,421	667	807	603	37.5	7.1	Oct 31, 2024	J-GAAP
YoY	+19.3%	+48.2%	+39.1%	+38.6%	+38.4%