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Sotetsu Holdings, The Current Fiscal Year Ordinary Profit Revised Upward by 7%, Exceeded Record Profit Forecast

Thu Feb 6, 2025 2:00 pm JST Earnings

9003 Sotetsu Holdings,Inc. 【J-GAAP】

Earnings Report

Sotetsu Holdings,Inc. <9003> [TSE Prime] announced its financial results in the afternoon session on February 6th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 32.1 billion yen, an increase 59.2% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 7.2%, from the previous forecast of 30.6 billion yen to 32.8 billion yen (compared to 26.9 billion yen in the previous period), increasing the growth rate from 13.4% to 21.5%. The company has further increased its previous forecast of record profits for the first time in six years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward 22.4%, from the previous forecast of 9.81 billion yen to 12 billion yen (compared to 14.4 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 31.9% to 16.6%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 49.3% from the same period last year, reaching 11.3 billion yen. The operating profit margin rose from 12.4% in the same period last year to 15.1%.

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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 177,888 9,952 8,906 5,482 56.0 69.9 Feb 2, 2023 J-GAAP
Apr - Dec, 2023 191,158 21,379 20,194 13,952 142.4 74.8 Feb 2, 2024 J-GAAP
Apr - Dec, 2024 222,588 33,051 32,139 23,057 235.3 98.0 Feb 6, 2025 J-GAAP
YoY +16.4% +54.6% +59.2% +65.3% +65.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 143,234 11,738 9,818 5,547 56.6 30 Oct 31, 2024 J-GAAP
Oct - Mar, 2024 New 143,734 13,138 12,018 5,547 56.6 30 Feb 6, 2025 J-GAAP
Revision Rate +0.3% +11.9% +22.4% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 291,700 33,600 30,600 20,800 212.3 60 Oct 31, 2024 J-GAAP
Mar, 2025 New 292,200 35,000 32,800 20,800 212.3 60 Feb 6, 2025 J-GAAP
Revision Rate +0.2% +4.2% +7.2% 0.0% 0.0%

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 145,689 15,884 14,409 7,133 72.8 30 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 143,734 13,138 12,018 5,547 56.6 30 Feb 6, 2025 J-GAAP
YoY -1.3% -17.3% -16.6% -22.2% -22.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 249,667 14,348 12,735 6,980 71.3 25 Apr 27, 2023 J-GAAP
Mar, 2024 270,039 28,965 26,995 16,080 164.1 50 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 292,200 35,000 32,800 20,800 212.3 60 Feb 6, 2025 J-GAAP
YoY +8.2% +20.8% +21.5% +29.4% +29.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 66,808 8,298 7,608 5,005 51.1 12.4 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 78,881 7,586 6,801 2,128 21.7 9.6 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 80,998 14,362 14,632 10,529 107.5 17.7 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 67,468 7,500 6,150 4,724 48.2 11.1 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 74,122 11,189 11,357 7,804 79.7 15.1 Feb 6, 2025 J-GAAP
YoY +10.9% +34.8% +49.3% +55.9% +55.9%

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