Nagoya Railroad Co., Ltd., First Half Ordinary Profit Revised Upward by 42%

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Thu Nov 7, 2024 3:00 pm JST Revision

9048 Nagoya Railroad Co., Ltd. 【J-GAAP】

Guidance Update Report

Nagoya Railroad Co., Ltd. <9048> [TSE-P] announced a performance revision in the afternoon session on November 7th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 42.0%, from the previous forecast of 20 billion yen to 28.4 billion yen (compared to 17.2 billion yen in the same period of the previous year), increasing the growth rate from 15.7% to 64.2%.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 40.5 billion yen(compared to 37.5 billion yen in the previous period).

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	330,000	20,000	20,000	14,000	71.2	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 New	334,500	24,200	28,400	21,600	109.8	0	Nov 7, 2024	J-GAAP
Revision Rate	+1.4%	+21.0%	+42.0%	+54.3%	+54.3%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	283,728	15,900	17,293	9,980	50.8	0	Nov 9, 2023	J-GAAP
Apr - Sep, 2024 Guidance	334,500	24,200	28,400	21,600	109.8	0	Nov 7, 2024	J-GAAP
YoY	+17.9%	+52.2%	+64.2%	+116.4%	+116.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	551,504	22,731	26,362	18,850	95.9	20	May 11, 2023	J-GAAP
Mar, 2024	601,121	34,750	37,544	24,400	124.1	27.50	May 10, 2024	J-GAAP
Mar, 2025 Guidance	675,000	40,000	40,500	28,000	142.8	30	May 10, 2024	J-GAAP
YoY	+12.3%	+15.1%	+7.9%	+14.8%	+15.0%