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Japan Transcity Corporation, First Half Ordinary Profit Increases by 24%, July-September Ordinary Profit Increases by 37%

Mon Nov 11, 2024 1:40 pm JST Earnings

9310 Japan Transcity Corporation 【J-GAAP】

Earnings Report

Japan Transcity Corporation <9310> [TSE-P] announced its financial results in the afternoon session on November 11th (13:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 23.6% from the same period last year, reaching 4.78 billion yen. The progress rate against the 7.8 billion yen full-year plan was 61.3%, also surpassing the five-year average of 49.6%.

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 13.3% from the same period last year to 3.01 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 36.6% from the same period last year, reaching 2.33 billion yen. The operating profit margin improved from 4.7% in the same period last year to 6.9%.

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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 64,460 4,094 5,473 3,733 58.1 60.8 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 62,183 3,212 3,868 2,617 40.9 52.6 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 61,625 4,035 4,781 3,193 50.3 61.3 Nov 11, 2024 J-GAAP
YoY -0.9% +25.6% +23.6% +22.0% +23.2%

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 61,600 4,000 4,700 3,100 49.1 16.50 Oct 30, 2024 J-GAAP
Apr - Sep, 2024 Results 61,625 4,035 4,781 3,193 50.3 16.50 Nov 11, 2024 J-GAAP
Revision Rate +0.0% +0.9% +1.7% +3.0% +2.6%

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 60,372 3,029 3,484 2,016 31.6 7 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 62,375 2,765 3,019 2,207 35.3 18 Nov 11, 2024 J-GAAP
YoY +3.3% -8.7% -13.3% +9.5% +11.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 134,063 7,250 8,996 6,155 95.7 11.50 May 15, 2023 J-GAAP
Mar, 2024 122,555 6,241 7,352 4,633 72.5 13 May 13, 2024 J-GAAP
Mar, 2025 Guidance 124,000 6,800 7,800 5,400 86.4 34.50 Oct 30, 2024 J-GAAP
YoY +1.2% +9.0% +6.1% +16.6% +19.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 30,612 1,441 1,706 1,154 18.0 4.7 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 30,890 1,933 2,305 1,503 23.5 6.3 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 29,482 1,096 1,179 513 8.0 3.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 30,282 1,878 2,451 1,634 25.7 6.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 31,343 2,157 2,330 1,559 24.6 6.9 Nov 11, 2024 J-GAAP
YoY +2.4% +49.7% +36.6% +35.1% +36.3%

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