kabutan

Shinki Bus Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 3% Increase, Adds to Record High Profit, Dividend Revised Upward by 20 yen

Fri Nov 8, 2024 4:30 pm JST Earnings

9083 Shinki Bus Co.,Ltd. 【J-GAAP】

Earnings Report

Shinki Bus Co.,Ltd. <9083> [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) surged by 3.9 times that of the same period last year, reaching 681 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 23.4%, from the previous forecast of 2.74 billion yen to 3.38 billion yen (compared to 3.28 billion yen in the previous period), record profits reach two consecutive terms, turning to a 3.0% increase in the consolidated ordinary profit outlook.

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 13.2% from the same period last year to 2.69 billion yen.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 40 yen to 60 yen (compared to 40 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 4.7 times that of the same period last year, reaching 236 million yen. The operating profit margin improved from 0.4% in the same period last year to 1.9%.

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 20,003 -203 -63 -119 -10.0 ー Nov 10, 2022 J-GAAP
Apr - Sep, 2023 22,258 160 173 -20 -1.7 5.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 24,355 603 681 420 34.9 20.1 Nov 8, 2024 J-GAAP
YoY +9.4% +276.9% +293.6% － －

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 － 10 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 24,355 603 681 420 34.9 15 Nov 8, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 51,600 2,600 2,740 1,800 149.2 20 May 14, 2024 J-GAAP
Mar, 2025 New 52,900 3,200 3,380 2,260 187.4 30 Nov 8, 2024 J-GAAP
Revision Rate +2.5% +23.1% +23.4% +25.6% +25.6%

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 27,222 2,985 3,110 2,271 188.5 11.25 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 28,545 2,597 2,699 1,840 152.5 15 Nov 8, 2024 J-GAAP
YoY +4.9% -13.0% -13.2% -19.0% -19.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 44,820 2,362 2,622 1,766 146.7 20 May 15, 2023 J-GAAP
Mar, 2024 49,480 3,145 3,283 2,251 186.9 20 May 14, 2024 J-GAAP
Mar, 2025 Guidance 52,900 3,200 3,380 2,260 187.4 30 Nov 8, 2024 J-GAAP
YoY +6.9% +1.7% +3.0% +0.4% +0.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,394 48 50 -14 -1.2 0.4 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 12,690 598 591 375 31.1 4.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 14,532 2,387 2,519 1,896 157.4 16.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 12,067 365 445 302 25.1 3.0 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 12,288 238 236 118 9.8 1.9 Nov 8, 2024 J-GAAP
YoY +7.8% +395.8% +372.0% － －

Related Articles