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Keifuku Electric Railroad Co.,Ltd., First Half Ordinary Profit Increases by 26%, July-September Ordinary Profit Increases by 23%

Fri Nov 8, 2024 4:30 pm JST Earnings

9049 Keifuku Electric Railroad Co.,Ltd. 【J-GAAP】

Earnings Report

Keifuku Electric Railroad Co.,Ltd. <9049> [TSE-S] announced its financial results after the market closed on November 8th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 26.3% from the same period last year, reaching 1.44 billion yen. The progress rate against the 1.71 billion yen full-year plan was 84.7%, also surpassing the five-year average of 68.0%.

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 significant drop by 67.3% from the same period last year to 261 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 23.1% from the same period last year, reaching 715 million yen. The operating profit margin rose from 16.9% in the same period last year to 19.4%.

Kabutan News

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 6,609 805 881 505 254.4 62.7 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 6,783 1,127 1,147 992 499.5 59.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 7,298 1,441 1,449 887 446.7 84.7 Nov 8, 2024 J-GAAP
YoY +7.6% +27.9% +26.3% -10.6% -10.6%

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 ー ー ー ー － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 7,298 1,441 1,449 887 446.7 0 Nov 8, 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 7,259 786 798 1,097 552.1 20 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,502 299 261 423 212.9 20 Nov 8, 2024 J-GAAP
YoY -10.4% -62.0% -67.3% -61.4% -61.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 13,324 1,292 1,405 1,223 615.7 20 May 11, 2023 J-GAAP
Mar, 2024 14,042 1,913 1,945 2,089 1,051.4 20 May 10, 2024 J-GAAP
Mar, 2025 Guidance 13,800 1,740 1,710 1,310 659.2 20 May 10, 2024 J-GAAP
YoY -1.7% -9.0% -12.1% -37.3% -37.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,470 585 581 357 179.8 16.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 4,060 742 744 444 223.5 18.3 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 3,199 44 54 653 328.6 1.4 May 10, 2024 J-GAAP
Apr - Jun, 2024 3,657 733 734 460 231.8 20.0 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 3,641 708 715 427 215.1 19.4 Nov 8, 2024 J-GAAP
YoY +4.9% +21.0% +23.1% +19.6% +19.6%

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