Taiho Transportation, Oct-Dec (3Q) Ordinary Profit Decreases by 22%

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Fri Jan 31, 2025 11:00 am JST Earnings

9040 Taiho Transportation Co., Ltd. 【J-GAAP】

Earnings Report

Taiho Transportation Co., Ltd. <9040> [NSE Main] announced its financial results in the morning on January 31st (11:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 20.5% from the same period last year, reaching 270 million yen. The progress rate toward the full-year plan of 300 million yen was 90.0%, it was below the five-year average of 96.1%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to drop 30.2% from the same period last year to 30 million yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit decreased to 73 million yen, a 22.3% decrease compared to the same period last year. The operating profit margin worsened from 4.7% in the same period last year to 3.5%.

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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	6,078	216	230	150	202.0	90.2	Feb 1, 2023	J-GAAP
Apr - Dec, 2023	5,874	212	224	132	177.0	83.9	Feb 1, 2024	J-GAAP
Apr - Dec, 2024	5,966	255	270	315	422.2	90.0	Jan 31, 2025	J-GAAP
YoY	+1.6%	+20.3%	+20.5%	+138.6%	+138.5%

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	3,748	130	137	31	41.5	50	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,088	104	103	59	79.1	50	Nov 1, 2024	J-GAAP
YoY	+9.1%	-20.0%	-24.8%	+90.3%	+90.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,851	234	255	166	223.3	100	Apr 28, 2023	J-GAAP
Mar, 2024	7,675	250	267	102	136.7	100	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	8,100	290	300	330	442.2	100	Oct 31, 2024	J-GAAP
YoY	+5.5%	+16.0%	+12.4%	+223.5%	+223.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,947	92	94	61	81.8	4.7	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	1,801	38	43	-30	-40.2	2.1	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	1,964	82	88	199	267.2	4.2	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	2,048	104	109	72	96.5	5.1	Nov 1, 2024	J-GAAP
Oct - Dec, 2024	1,954	69	73	44	59.0	3.5	Jan 31, 2025	J-GAAP
YoY	+0.4%	-25.0%	-22.3%	-27.9%	-27.9%