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

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%

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