Kanagawa Chuo Kotsu, The Current Fiscal Year Ordinary Profit Revised Upward by 14%, Dividend Revised Upward by 10 yen

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Fri Feb 7, 2025 3:30 pm JST Earnings

9081 Kanagawa Chuo Kotsu Co., Ltd. 【J-GAAP】

Earnings Report

Kanagawa Chuo Kotsu Co., Ltd. <9081> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 20.1% from the same period last year, reaching 7.76 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 13.7%, from the previous forecast of 6.27 billion yen to 7.13 billion yen (compared to 7.74 billion yen in the previous period), and the declining rate is expected to decrease from 19.1% to 8.0%.

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 84.6%, from the previous forecast of 1.01 billion yen to 1.87 billion yen (compared to 3.73 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 72.8% to 49.7%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 80 yen to 90 yen (compared to 60 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 2.51 billion yen, an increase of 2.4% compared to the same period last year. The operating profit margin remained almost flat, changing from 7.8% in the same period last year to 8.0%.

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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	76,876	4,157	4,525	2,951	240.5	92.2	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	87,213	6,191	6,469	3,934	320.7	83.5	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	89,094	7,469	7,767	6,090	496.4	108.9	Feb 7, 2025	J-GAAP
YoY	+2.2%	+20.6%	+20.1%	+54.8%	+54.8%

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	57,329	1,072	1,017	-325	-26.5	40	Oct 30, 2024	J-GAAP
Oct - Mar, 2024 New	58,029	1,742	1,877	-215	-17.5	50	Feb 7, 2025	J-GAAP
Revision Rate	+1.2%	+62.5%	+84.6%	+33.8%	+33.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	116,600	6,150	6,270	4,310	351.2	80	Oct 30, 2024	J-GAAP
Mar, 2025 New	117,300	6,820	7,130	4,420	360.2	90	Feb 7, 2025	J-GAAP
Revision Rate	+0.6%	+10.9%	+13.7%	+2.6%	+2.6%

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	60,182	3,680	3,734	698	56.9	40	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	58,029	1,742	1,877	-215	-17.5	50	Feb 7, 2025	J-GAAP
YoY	-3.6%	-52.7%	-49.7%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	103,865	4,323	4,910	1,149	93.7	40	Apr 27, 2023	J-GAAP
Mar, 2024	117,067	7,516	7,747	3,262	265.9	60	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	117,300	6,820	7,130	4,420	360.2	90	Feb 7, 2025	J-GAAP
YoY	+0.2%	-9.3%	-8.0%	+35.5%	+35.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	30,328	2,355	2,456	1,370	111.7	7.8	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	29,854	1,325	1,278	-672	-54.8	4.4	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	29,371	2,712	2,963	3,177	258.9	9.2	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	29,900	2,366	2,290	1,458	118.8	7.9	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	29,823	2,391	2,514	1,455	118.6	8.0	Feb 7, 2025	J-GAAP
YoY	-1.7%	+1.5%	+2.4%	+6.2%	+6.2%