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NANSO Transport Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 2%, Adds to Record High Profit Forecast, Dividend Revised Upward by 4 yen

Thu Nov 7, 2024 3:00 pm JST Earnings

9034 NANSO Transport Co., Ltd. 【J-GAAP】

Earnings Report

NANSO Transport Co., Ltd. <9034> [TSE-S] announced its financial results 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) increased by 10.0% from the same period last year, reaching 1.2 billion yen, resulting in an increase in profits compared to the previous forecast of a 0.4% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 2.2%, from the previous forecast of 1.96 billion yen to 2 billion yen (compared to 1.94 billion yen in the previous period), increasing the growth rate from 0.7% to 2.9%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 6.1% from the same period last year to 803 million yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 46 yen to 50 yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 17.9% from the same period last year, reaching 625 million yen. The operating profit margin rose from 13.2% in the same period last year to 14.6%.

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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 7,371 928 922 628 63.2 57.9 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 7,958 1,098 1,092 746 75.0 56.1 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 8,292 1,188 1,201 885 88.9 59.9 Nov 7, 2024 J-GAAP
YoY +4.2% +8.2% +10.0% +18.6% +18.6%

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 8,112 1,071 1,088 744 74.7 23 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 8,292 1,188 1,201 885 88.9 25 Nov 7, 2024 J-GAAP
Revision Rate +2.2% +10.9% +10.4% +19.0% +19.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 15,804 1,960 1,961 1,341 142.2 46 May 15, 2024 J-GAAP
Mar, 2025 New 15,889 1,993 2,004 1,418 150.4 50 Nov 7, 2024 J-GAAP
Revision Rate +0.5% +1.7% +2.2% +5.7% +5.7%

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 7,522 860 855 837 84.1 23 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,597 805 803 533 56.5 25 Nov 7, 2024 J-GAAP
YoY +1.0% -6.4% -6.1% -36.3% -32.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,424 1,592 1,592 1,082 108.7 30 May 15, 2023 J-GAAP
Mar, 2024 15,480 1,958 1,947 1,583 159.0 42 May 15, 2024 J-GAAP
Mar, 2025 Guidance 15,889 1,993 2,004 1,418 150.4 50 Nov 7, 2024 J-GAAP
YoY +2.6% +1.8% +2.9% -10.4% -5.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,054 534 530 361 36.3 13.2 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 3,850 490 483 587 59.0 12.7 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 3,672 370 372 250 25.1 10.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 4,041 567 576 400 40.2 14.0 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 4,251 621 625 485 48.7 14.6 Nov 7, 2024 J-GAAP
YoY +4.9% +16.3% +17.9% +34.3% +34.3%

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