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Nankai Electric Railway, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 19%

Thu Jan 30, 2025 2:00 pm JST Earnings

9044 Nankai Electric Railway Co.,Ltd. 【J-GAAP】

Earnings Report

Nankai Electric Railway Co.,Ltd. <9044> [TSE Prime] announced its financial results in the afternoon session on January 30th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 19.5% from the same period last year, reaching 30.6 billion yen. The progress rate toward the full-year plan of 33 billion yen was 92.8%, also surpassing the five-year average of 79.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 35.5% from the same period last year to 2.37 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 10.8 billion yen, a 12.6% decrease compared to the same period last year. The operating profit margin decreased from 18.9% in the same period last year to 17.2%.

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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
Apr - Dec, 2022 163,788 15,888 14,214 11,685 103.2 74.9 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 184,089 26,760 25,630 21,904 193.5 87.4 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 187,114 29,206 30,624 20,210 178.5 92.8 Jan 30, 2025 J-GAAP
YoY +1.6% +9.1% +19.5% -7.7% -7.7%

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 123,922 16,583 16,044 15,059 133.0 35 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 138,821 14,444 13,178 8,650 76.4 17.50 Oct 30, 2024 J-GAAP
YoY +12.0% -12.9% -17.9% -42.6% -42.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 221,280 21,023 18,965 14,623 129.1 25 Apr 28, 2023 J-GAAP
Mar, 2024 241,594 30,820 29,312 23,926 211.3 35 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 262,400 32,700 33,000 21,200 187.2 35 Oct 29, 2024 J-GAAP
YoY +8.6% +6.1% +12.6% -11.4% -11.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 66,417 12,523 12,362 13,037 115.1 18.9 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 57,505 4,060 3,682 2,022 17.9 7.1 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 59,722 9,876 9,754 6,718 59.3 16.5 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 63,857 8,380 10,068 5,832 51.5 13.1 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 63,535 10,950 10,802 7,660 67.7 17.2 Jan 30, 2025 J-GAAP
YoY -4.3% -12.6% -12.6% -41.2% -41.2%

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