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Chichibu Railway Co.,Ltd., July-September (2Q) Ordinary Profit Turns to Loss

Thu Nov 14, 2024 4:00 pm JST Earnings

9012 Chichibu Railway Co.,Ltd. 【J-GAAP】

Earnings Report

Chichibu Railway Co.,Ltd. <9012> [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) expanded to 67 million yen, an increase of 55.8% compared to the same period last year. The progress rate against the 100 million yen full-year plan was 67.0%, it was below the same period of the previous year of 226.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 33 million yen (compared to a loss of 24 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 32 million yen (compared to a profit of 57 million yen in the same period last year). The operating profit/loss margin drastically worsened from 5.0% in the same period last year to -1.9%.

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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 2,292 -199 -160 -194 -130.7 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 2,417 32 43 234 158.2 226.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 2,575 82 67 25 17.1 67.0 Nov 14, 2024 J-GAAP
YoY +6.5% +156.3% +55.8% -89.3% -89.2%

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 2,570 90 70 30 20.2 0 Nov 6, 2024 J-GAAP
Apr - Sep, 2024 Results 2,575 82 67 25 17.1 0 Nov 14, 2024 J-GAAP
Revision Rate +0.2% -8.9% -4.3% -16.7% -15.2%

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 2,496 -16 -24 -142 -96.2 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,525 68 33 -5 -3.4 0 Nov 14, 2024 J-GAAP
YoY +1.2% － － +96.5% +96.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 4,688 -361 -311 -5,046 -3,397.0 0 May 12, 2023 J-GAAP
Mar, 2024 4,913 16 19 92 62.3 0 May 15, 2024 J-GAAP
Mar, 2025 Guidance 5,100 150 100 20 13.5 0 May 24, 2024 J-GAAP
YoY +3.8% +837.5% +426.3% -78.3% -78.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,208 61 57 -241 -162.9 5.0 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 1,391 108 103 99 66.8 7.8 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 1,105 -124 -127 -241 -163.3 -11.2 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,284 106 99 80 54.1 8.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,291 -24 -32 -55 -37.7 -1.9 Nov 14, 2024 J-GAAP
YoY +6.9% － － +77.2% +76.9%

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