Konoike Transport Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 19%, Adds to Record High Profit Forecast, Dividend Revised Upward by 26 yen

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Mon Nov 11, 2024 3:30 pm JST Earnings

9025 Konoike Transport Co.,Ltd. 【J-GAAP】

Earnings Report

Konoike Transport Co.,Ltd. <9025> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 12.1 billion yen, an increase of 39.1% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 19.4%, from the previous forecast of 18 billion yen to 21.5 billion yen (compared to 17 billion yen in the previous period), increasing the growth rate from 5.7% to 26.2%, further surpassing the previous forecast of record-high profits for four consecutive terms.

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 grow by 12.8% from the same period last year, reaching 9.38 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 70 yen to 96 yen (compared to 65 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 18.6% from the same period last year, reaching 5.25 billion yen. The operating profit margin improved from 5.4% in the same period last year to 6.5%.

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	155,560	7,378	8,326	5,144	97.2	58.3	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	155,542	8,180	8,712	5,532	104.4	51.1	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	169,689	12,019	12,116	9,722	183.3	56.4	Nov 11, 2024	J-GAAP
YoY	+9.1%	+46.9%	+39.1%	+75.7%	+75.6%

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	170,000	11,500	11,600	9,300	175.2	35	Aug 9, 2024	J-GAAP
Apr - Sep, 2024 Results	169,689	12,019	12,116	9,722	183.3	35	Nov 11, 2024	J-GAAP
Revision Rate	-0.2%	+4.5%	+4.4%	+4.5%	+4.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	340,000	18,000	18,000	12,000	226.1	70	May 10, 2024	J-GAAP
Mar, 2025 New	347,000	21,500	21,500	16,500	310.9	96	Nov 11, 2024	J-GAAP
Revision Rate	+2.1%	+19.4%	+19.4%	+37.5%	+37.5%

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	159,487	8,454	8,322	5,817	109.7	41	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	177,311	9,481	9,384	6,778	127.7	61	Nov 11, 2024	J-GAAP
YoY	+11.2%	+12.1%	+12.8%	+16.5%	+16.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	311,840	13,243	14,281	8,301	156.7	42	May 12, 2023	J-GAAP
Mar, 2024	315,029	16,634	17,034	11,349	214.1	65	May 10, 2024	J-GAAP
Mar, 2025 Guidance	347,000	21,500	21,500	16,500	310.9	96	Nov 11, 2024	J-GAAP
YoY	+10.1%	+29.3%	+26.2%	+45.4%	+45.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	78,619	4,232	4,433	2,910	54.9	5.4	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	80,333	5,073	4,738	3,027	57.1	6.3	Mar 14, 2024	J-GAAP
Jan - Mar, 2024	79,154	3,381	3,584	2,790	52.6	4.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	83,706	6,458	6,857	6,327	119.3	7.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	85,983	5,561	5,259	3,395	64.0	6.5	Nov 11, 2024	J-GAAP
YoY	+9.4%	+31.4%	+18.6%	+16.7%	+16.6%