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Tokyo Kisen Co.,Ltd., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

Tue Nov 12, 2024 2:30 pm JST Earnings

9193 Tokyo Kisen Co.,Ltd. 【J-GAAP】

Earnings Report

Tokyo Kisen Co.,Ltd. <9193> [TSE-S] announced its financial results in the afternoon session on November 12th (14:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 28 million yen (compared to a profit of 432 million yen in the same period last year).

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 90.9% from the same period last year to 23 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 15 million yen (compared to a profit of 347 million yen in the same period last year). The operating profit margin drastically worsened from 8.2% in the same period last year to 0.1%.

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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 5,776 -58 94 35 3.6 21.5 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 6,356 267 432 193 19.5 63.2 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 5,976 -134 -28 223 22.4 ー Nov 12, 2024 J-GAAP
YoY -6.0% － － +15.5% +15.1%

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 5,976 -134 -28 223 22.4 － Nov 8, 2024 J-GAAP
Apr - Sep, 2024 Results 5,976 -134 -28 223 22.4 － Nov 12, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.1%

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 6,159 101 252 379 38.2 20 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,264 -45 23 2,040 205.0 50 Nov 8, 2024 J-GAAP
YoY +1.7% － -90.9% +438.3% +437.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 11,865 92 438 416 41.8 20 May 12, 2023 J-GAAP
Mar, 2024 12,515 368 684 572 57.6 20 May 15, 2024 J-GAAP
Mar, 2025 Guidance 12,240 -179 -5 2,263 227.4 50 Nov 8, 2024 J-GAAP
YoY -2.2% － － +295.6% +295.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,394 278 347 214 21.6 8.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 3,164 116 222 367 36.9 3.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,995 -15 30 12 1.2 -0.5 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,858 -137 -13 289 29.2 -4.8 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 3,118 3 -15 -66 -6.6 0.1 Nov 12, 2024 J-GAAP
YoY -8.1% -98.9% － － －

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