Niigata Kotsu Co.,Ltd., First Half Ordinary Profit Increases by 34%, July-September Ordinary Profit Increases by 25%

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Tue Nov 12, 2024 2:00 pm JST Earnings

9017 Niigata Kotsu Co.,Ltd. 【J-GAAP】

Earnings Report

Niigata Kotsu Co.,Ltd. <9017> [TSE-S] announced its financial results in the afternoon session on November 12th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 854 million yen, an increase of 33.9% compared to the same period last year. The progress rate against the 1 billion yen full-year plan was 85.4%, also surpassing the five-year average of 63.6%.

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 significant drop by 78.4% from the same period last year to 146 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 24.6% from the same period last year, reaching 563 million yen. The operating profit margin rose from 12.1% in the same period last year to 13.6%.

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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	8,571	903	751	610	158.9	77.3	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	9,585	852	638	572	149.1	48.5	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	9,917	1,088	854	589	153.4	85.4	Nov 12, 2024	J-GAAP
YoY	+3.5%	+27.7%	+33.9%	+3.0%	+2.9%

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	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	9,917	1,088	854	589	153.4	0	Nov 12, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	9,832	830	677	492	128.2	10	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,683	312	146	11	2.9	10	Nov 12, 2024	J-GAAP
YoY	-1.5%	-62.4%	-78.4%	-97.8%	-97.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	17,469	1,372	971	897	233.7	0	May 15, 2023	J-GAAP
Mar, 2024	19,417	1,682	1,315	1,064	277.2	10	May 15, 2024	J-GAAP
Mar, 2025 Guidance	19,600	1,400	1,000	600	156.2	10	May 15, 2024	J-GAAP
YoY	+0.9%	-16.8%	-24.0%	-43.6%	-43.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,978	600	452	300	78.2	12.1	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	5,121	530	448	323	84.2	10.3	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	4,711	300	229	169	44.0	6.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	4,741	386	291	184	47.9	8.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	5,176	702	563	405	105.5	13.6	Nov 12, 2024	J-GAAP
YoY	+4.0%	+17.0%	+24.6%	+35.0%	+34.9%