Kyushu Railway Company, First Half Ordinary Profit Increases by 5%

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Wed Nov 6, 2024 3:30 pm JST Earnings

9142 Kyushu Railway Company 【J-GAAP】

Earnings Report

Kyushu Railway Company <9142> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 5.4% from the same period last year, reaching 29.5 billion yen. The progress rate against the 56.7 billion yen full-year plan was 52.2%, almost the same as the five-year average of 50.6%.

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 grow by 29.9% from the same period last year, reaching 27.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 14.4 billion yen, an increase of 0.7% compared to the same period last year. However, the operating profit margin decreased from 14.4% in the same period last year to 14.2%.

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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	170,195	11,183	11,844	12,002	76.4	33.2	Nov 1, 2022	J-GAAP
Apr - Sep, 2023	190,732	26,816	28,050	27,989	178.1	57.3	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	208,412	29,535	29,577	22,649	144.4	52.2	Nov 6, 2024	J-GAAP
YoY	+9.3%	+10.1%	+5.4%	-19.1%	-19.0%

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	ー	ー	ー	ー	－	46.50	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	208,412	29,535	29,577	22,649	144.4	46.50	Nov 6, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	229,670	20,278	20,886	10,456	66.6	93	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	232,688	27,765	27,123	19,551	125.3	46.50	Nov 6, 2024	J-GAAP
YoY	+1.3%	+36.9%	+29.9%	+87.0%	+88.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	383,242	34,323	35,700	31,166	198.4	93	May 11, 2023	J-GAAP
Mar, 2024	420,402	47,094	48,936	38,445	244.7	93	May 9, 2024	J-GAAP
Mar, 2025 Guidance	441,100	57,300	56,700	42,200	270.4	93	May 9, 2024	J-GAAP
YoY	+4.9%	+21.7%	+15.9%	+9.8%	+10.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	92,812	13,328	14,333	10,207	65.0	14.4	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	102,182	16,342	16,771	12,736	81.1	16.0	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	127,488	3,936	4,115	-2,280	-14.5	3.1	May 9, 2024	J-GAAP
Apr - Jun, 2024	104,141	14,703	15,141	11,420	72.7	14.1	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	104,271	14,832	14,436	11,229	71.6	14.2	Nov 6, 2024	J-GAAP
YoY	+12.3%	+11.3%	+0.7%	+10.0%	+10.2%