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Kuribayashi Steamship, The Current Fiscal Year Ordinary Profit Revised Upward by 29%, Highest in Two Terms

Fri Feb 7, 2025 2:00 pm JST Earnings

9171 Kuribayashi Steamship Co.,Ltd. 【J-GAAP】

Earnings Report

Kuribayashi Steamship Co.,Ltd. <9171> [TSE Std] announced its financial results in the afternoon session on February 7th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 3.08 billion yen, an increase 60.2% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 29.2%, from the previous forecast of 2.4 billion yen to 3.1 billion yen (compared to 2.06 billion yen in the previous period), increasing the growth rate from 16.4% to 50.4%, reaches new record high for the first time in two terms.

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) is expected to increase 88.6%, from the previous forecast of 0.79 billion yen to 1.49 billion yen (compared to 1.2 billion yen in the same period of the previous year), turning to a 24.0% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 38.3% from the same period last year, reaching 1.47 billion yen. The operating profit margin improved from 7.0% in the same period last year to 8.6%.

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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 38,235 2,215 2,534 1,763 138.8 104.2 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 37,144 1,517 1,924 1,321 104.1 93.4 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 40,675 2,602 3,083 1,934 153.2 99.5 Feb 7, 2025 J-GAAP
YoY +9.5% +71.5% +60.2% +46.4% +47.2%

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 24,382 402 790 421 33.8 12 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 New 25,382 1,202 1,490 921 73.9 12 Feb 7, 2025 J-GAAP
Revision Rate +4.1% +199.0% +88.6% +118.8% +118.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 51,000 1,800 2,400 1,400 112.3 12 Aug 9, 2024 J-GAAP
Mar, 2025 New 52,000 2,600 3,100 1,900 152.4 12 Feb 7, 2025 J-GAAP
Revision Rate +2.0% +44.4% +29.2% +35.7% +35.7%

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 24,638 923 1,202 1,147 90.4 12 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 25,382 1,202 1,490 921 73.9 12 Feb 7, 2025 J-GAAP
YoY +3.0% +30.2% +24.0% -19.7% -18.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 49,854 2,060 2,431 1,835 144.3 12 May 12, 2023 J-GAAP
Mar, 2024 48,885 1,533 2,061 1,673 131.9 12 May 10, 2024 J-GAAP
Mar, 2025 Guidance 52,000 2,600 3,100 1,900 152.4 12 Feb 7, 2025 J-GAAP
YoY +6.4% +69.6% +50.4% +13.6% +15.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 12,897 907 1,065 795 62.6 7.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 11,741 16 137 352 27.8 0.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 12,802 377 583 323 25.5 2.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 13,816 1,021 1,027 656 51.9 7.4 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 14,057 1,204 1,473 955 75.6 8.6 Feb 7, 2025 J-GAAP
YoY +9.0% +32.7% +38.3% +20.1% +20.8%

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