JAPAN LOGISTIC SYSTEMS CORP., July-September (2Q) Ordinary Profit Increases by 58%

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Thu Nov 14, 2024 4:00 pm JST Earnings

9060 JAPAN LOGISTIC SYSTEMS CORP. 【J-GAAP】

Earnings Report

JAPAN LOGISTIC SYSTEMS CORP. <9060> [TSE-S] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 26.1% from the same period last year to 326 million yen. The progress rate against the 1 billion yen full-year plan was 32.6%, also falling below the five-year average of 38.9%.

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 21.7% from the same period last year, reaching 674 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 57.9% from the same period last year, reaching 199 million yen. The operating profit margin improved from 0.9% in the same period last year to 1.2%.

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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	30,532	388	362	172	126.4	36.5	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	31,234	468	441	214	156.5	44.3	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	31,989	348	326	202	149.5	32.6	Nov 14, 2024	J-GAAP
YoY	+2.4%	-25.6%	-26.1%	-5.6%	-4.5%

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	－	40	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	31,989	348	326	202	149.5	40	Nov 14, 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	31,738	549	554	285	208.8	40	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	33,011	702	674	348	257.0	40	Nov 14, 2024	J-GAAP
YoY	+4.0%	+27.9%	+21.7%	+22.1%	+23.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	62,477	1,041	993	523	382.6	80	May 15, 2023	J-GAAP
Mar, 2024	62,972	1,017	995	499	365.6	80	May 15, 2024	J-GAAP
Mar, 2025 Guidance	65,000	1,050	1,000	550	406.1	80	May 15, 2024	J-GAAP
YoY	+3.2%	+3.2%	+0.5%	+10.2%	+11.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	15,617	139	126	55	40.2	0.9	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	16,216	385	382	124	90.9	2.4	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	15,522	164	172	161	118.0	1.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	15,818	154	127	60	44.4	1.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	16,171	194	199	142	105.1	1.2	Nov 14, 2024	J-GAAP
YoY	+3.5%	+39.6%	+57.9%	+158.2%	+161.3%