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Okayamaken Freight Transportation, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 16%, Exceeds Full-Year Plan

Fri Feb 7, 2025 3:30 pm JST Earnings

9063 Okayamaken Freight Transportation Co.,Ltd 【J-GAAP】

Earnings Report

Okayamaken Freight Transportation Co.,Ltd <9063> [TSE Std] 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 16.0% from the same period last year, reaching 1.05 billion yen. The progress rate toward the full-year plan of 0.98 billion yen is 107.9%, already exceeding the target and also exceeding the five-year average of 87.1%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 0.07 billion yen (compared to a profit of 0.01 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 0.52 billion yen, an increase of 0.6% compared to the same period last year. The operating profit margin remained almost flat, changing from 3.8% in the same period last year to 3.9%.

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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 29,100 1,051 1,264 835 412.2 89.3 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 28,605 659 911 2,533 1,249.7 98.6 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 29,048 794 1,057 818 403.8 107.9 Feb 7, 2025 J-GAAP
YoY +1.5% +20.5% +16.0% -67.7% -67.7%

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 19,015 363 530 311 153.4 70 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,427 405 443 330 162.8 70 Nov 8, 2024 J-GAAP
YoY +2.2% +11.6% -16.4% +6.1% +6.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 38,474 1,126 1,416 950 469.1 80 May 12, 2023 J-GAAP
Mar, 2024 37,693 640 924 2,495 1,230.9 70 May 10, 2024 J-GAAP
Mar, 2025 Guidance 38,300 800 980 790 389.8 70 May 10, 2024 J-GAAP
YoY +1.6% +25.0% +6.1% -68.3% -68.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 9,927 382 517 349 172.2 3.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 9,088 -19 13 -38 -18.8 -0.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 9,364 206 304 198 98.2 2.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 9,509 189 233 262 129.5 2.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 10,175 399 520 358 176.7 3.9 Feb 7, 2025 J-GAAP
YoY +2.5% +4.5% +0.6% +2.6% +2.6%

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