Toyo Logistics Co.,Ltd., July-September (2Q) Ordinary Profit Increases by 14%

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Mon Nov 11, 2024 2:40 pm JST Earnings

9306 Toyo Logistics Co.,Ltd. 【J-GAAP】

Earnings Report

Toyo Logistics Co.,Ltd. <9306> [TSE-S] announced its financial results in the afternoon session on November 11th (14:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 5.5% from the same period last year to 922 million yen. However, The progress rate against the 1.8 billion yen full-year plan was 51.2%, almost the same as the five-year average of 50.8%.

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 grow by 4.0% from the same period last year, reaching 878 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 13.8% from the same period last year, reaching 446 million yen. The operating profit margin improved from 4.0% in the same period last year to 4.5%.

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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	14,119	656	946	689	90.8	50.5	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	13,917	664	976	751	99.6	53.6	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	14,449	593	922	694	91.8	51.2	Nov 11, 2024	J-GAAP
YoY	+3.8%	-10.7%	-5.5%	-7.6%	-7.8%

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	14,500	590	920	690	91.3	30	Oct 28, 2024	J-GAAP
Apr - Sep, 2024 Results	14,449	593	922	694	91.8	30	Nov 11, 2024	J-GAAP
Revision Rate	-0.4%	+0.5%	+0.2%	+0.6%	+0.5%

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	13,958	465	844	618	81.9	27.50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,551	607	878	706	93.3	30	Nov 11, 2024	J-GAAP
YoY	+4.2%	+30.5%	+4.0%	+14.2%	+14.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	28,168	1,258	1,874	1,350	178.5	50	May 11, 2023	J-GAAP
Mar, 2024	27,875	1,129	1,820	1,369	181.4	55	May 10, 2024	J-GAAP
Mar, 2025 Guidance	29,000	1,200	1,800	1,400	185.0	60	Oct 28, 2024	J-GAAP
YoY	+4.0%	+6.3%	-1.1%	+2.3%	+2.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,035	279	392	325	43.1	4.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	7,196	318	494	409	54.2	4.4	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	6,762	147	350	209	27.7	2.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	7,137	264	476	354	46.9	3.7	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	7,312	329	446	340	45.0	4.5	Nov 11, 2024	J-GAAP
YoY	+3.9%	+17.9%	+13.8%	+4.6%	+4.3%