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Taiho Transportation Co., Ltd., First Half Ordinary Profit Increases by 52%

Fri Nov 1, 2024 11:00 am JST Earnings

9040 Taiho Transportation Co., Ltd. 【J-GAAP】

Earnings Report

Taiho Transportation Co., Ltd. <9040> [NSE-M] announced its financial results in the morning on November 1st (11:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 197 million yen, an increase of 51.5% compared to the same period last year. The progress rate against the 300 million yen full-year plan was 65.7%, it was below the five-year average of 80.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 24.8% from the same period last year to 103 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit surged to 2.3 times that of the same period last year, reaching 109 million yen. The operating profit margin improved from 2.2% in the same period last year to 5.1%.

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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 4,069 134 144 95 127.7 56.5 Nov 1, 2022 J-GAAP
Apr - Sep, 2023 3,927 120 130 71 95.8 48.7 Nov 1, 2023 J-GAAP
Apr - Sep, 2024 4,012 186 197 271 363.4 65.7 Nov 1, 2024 J-GAAP
YoY +2.2% +55.0% +51.5% +281.7% +279.3%

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 4,012 ー 197 271 363.1 50 Oct 31, 2024 J-GAAP
Apr - Sep, 2024 Results 4,012 186 197 271 363.4 50 Nov 1, 2024 J-GAAP
Revision Rate 0.0% － 0.0% 0.0% +0.1%

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 3,748 130 137 31 41.5 50 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,088 104 103 59 79.1 50 Nov 1, 2024 J-GAAP
YoY +9.1% -20.0% -24.8% +90.3% +90.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,851 234 255 166 223.3 100 Apr 28, 2023 J-GAAP
Mar, 2024 7,675 250 267 102 136.7 100 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 8,100 290 300 330 442.2 100 Oct 31, 2024 J-GAAP
YoY +5.5% +16.0% +12.4% +223.5% +223.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,011 44 48 15 20.2 2.2 Nov 1, 2023 J-GAAP
Oct - Dec, 2023 1,947 92 94 61 81.8 4.7 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 1,801 38 43 -30 -40.2 2.1 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 1,964 82 88 199 267.2 4.2 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 2,048 104 109 72 96.5 5.1 Nov 1, 2024 J-GAAP
YoY +1.8% +136.4% +127.1% +380.0% +377.0%

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