TRUCK-ONE CO., LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 34%, Adds to Record High Profit Forecast, Dividend Revised Upward by 3 yen

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Thu Nov 14, 2024 1:00 pm JST Earnings

3047 TRUCK-ONE CO., LTD. 【J-GAAP】

Earnings Report

TRUCK-ONE CO., LTD. <3047> [FSE-Q] announced its financial results in the afternoon session on November 14th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 258 million yen, an increase of 32.3% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 33.6%, from the previous forecast of 232 million yen to 310 million yen (compared to 196 million yen in the previous period), increasing the growth rate from 18.4% to 58.2%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase by 3.1 times, from the previous forecast of 37 million yen to 115 million yen (compared to 78 million yen in the same period of the previous year), turning to a 47.4% increase in the consolidated ordinary profit outlook.

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 6 yen to 9 yen (compared to 8 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 63 million yen, a 18.2% decrease compared to the same period last year. The operating profit margin worsened from 4.8% in the same period last year to 4.0%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	5,177	115	127	70	29.5	71.8	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	4,838	182	195	124	52.0	99.5	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	4,774	250	258	200	83.6	83.2	Nov 14, 2024	J-GAAP
YoY	-1.3%	+37.4%	+32.3%	+61.3%	+60.8%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	3,036	32	37	7	2.9	3	Aug 13, 2024	J-GAAP
Jul - Dec, 2024 New	3,036	107	115	85	35.4	6	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	+234.4%	+210.8%	+1,114.3%	+1,113.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	6,400	225	232	167	69.6	6	Jun 17, 2024	J-GAAP
Dec, 2024 New	6,400	300	310	245	102.1	9	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	+33.3%	+33.6%	+46.7%	+46.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	3,152	74	78	42	17.6	5.50	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	3,036	107	115	85	35.4	6	Nov 14, 2024	J-GAAP
YoY	-3.7%	+44.6%	+47.4%	+102.4%	+101.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	7,096	161	177	108	45.3	6.50	Feb 14, 2023	J-GAAP
Dec, 2023	6,437	182	196	120	50.2	8	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	6,400	300	310	245	102.1	9	Nov 14, 2024	J-GAAP
YoY	-0.6%	+64.8%	+58.2%	+104.2%	+103.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,553	74	77	46	19.3	4.8	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	1,599	0	1	-4	-1.7	0.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,571	67	67	78	32.9	4.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,793	126	128	82	34.3	7.0	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	1,410	57	63	40	16.7	4.0	Nov 14, 2024	J-GAAP
YoY	-9.2%	-23.0%	-18.2%	-13.0%	-13.3%