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Okayamaken Freight Transportation Co.,Ltd, First Half Ordinary Profit Increases by 36%

Fri Nov 8, 2024 3:00 pm JST Earnings

9063 Okayamaken Freight Transportation Co.,Ltd 【J-GAAP】

Earnings Report

Okayamaken Freight Transportation Co.,Ltd <9063> [TSE-S] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 537 million yen, an increase of 36.3% compared to the same period last year, exceeded the previous forecast of 440 million yen.

The progress rate against the 980 million yen full-year plan was 54.8%, also surpassing the five-year average of 48.0%.

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 16.4% from the same period last year to 443 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 53.3% from the same period last year, reaching 233 million yen. The operating profit margin improved from 1.1% in the same period last year to 2.0%.

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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 19,032 597 732 479 236.8 51.7 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 18,678 277 394 2,184 1,077.7 42.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 18,873 395 537 460 227.4 54.8 Nov 8, 2024 J-GAAP
YoY +1.0% +42.6% +36.3% -78.9% -78.9%

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 19,000 350 440 430 212.2 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 18,873 395 537 460 227.4 0 Nov 8, 2024 J-GAAP
Revision Rate -0.7% +12.9% +22.0% +7.0% +7.2%

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 19,015 363 530 311 153.4 70 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,427 405 443 330 162.8 70 Nov 8, 2024 J-GAAP
YoY +2.2% +11.6% -16.4% +6.1% +6.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 38,474 1,126 1,416 950 469.1 80 May 12, 2023 J-GAAP
Mar, 2024 37,693 640 924 2,495 1,230.9 70 May 10, 2024 J-GAAP
Mar, 2025 Guidance 38,300 800 980 790 389.8 70 May 10, 2024 J-GAAP
YoY +1.6% +25.0% +6.1% -68.3% -68.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,384 101 152 2,025 999.3 1.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 9,927 382 517 349 172.2 3.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 9,088 -19 13 -38 -18.8 -0.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 9,364 206 304 198 98.2 2.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 9,509 189 233 262 129.5 2.0 Nov 8, 2024 J-GAAP
YoY +1.3% +87.1% +53.3% -87.1% -87.0%

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