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KYOEI TANKER, Oct-Dec (3Q) Operating Profit Turns to Loss

Fri Feb 7, 2025 4:00 pm JST Earnings

9130 KYOEI TANKER CO., LTD. 【J-GAAP】

Earnings Report

KYOEI TANKER CO., LTD. <9130> [TSE Std] announced its financial results after the market closed on February 7th (16:00). The consolidated operating profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 0.91 billion yen (compared to a loss of 0.06 billion yen in the same period last year). However, the progress rate toward the full-year plan of 1.25 billion yen was 73.0%, also falling below the five-year average of 86.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated operating profit/loss for the January to March period (4Q) is expected to turn into a profit of 0.33 billion yen (compared to a loss of 0.05 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated operating profit/loss turned to a loss of 0.01 billion yen (compared to a profit of 0.27 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 7.2% in the same period last year to -0.6%.

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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 10,986 693 397 966 126.4 148.7 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 10,736 -68 25 16 2.2 13.4 Feb 2, 2024 J-GAAP
Apr - Dec, 2024 10,967 913 735 4,907 641.7 86.5 Feb 7, 2025 J-GAAP
YoY +2.2% － +2,840.0% +30,568.8% +29,472.8%

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 7,203 214 608 440 57.8 20 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,966 318 126 50 6.5 20 Nov 1, 2024 J-GAAP
YoY -3.3% +48.6% -79.3% -88.6% -88.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,270 682 267 876 114.6 20 May 12, 2023 J-GAAP
Mar, 2024 14,178 -124 186 146 19.2 20 May 10, 2024 J-GAAP
Mar, 2025 Guidance 14,500 1,250 850 4,950 647.3 40 Nov 1, 2024 J-GAAP
YoY +2.3% － +357.0% +3,290.4% +3,276.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,761 270 447 310 42.0 7.2 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 3,442 -56 161 130 17.1 -1.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 3,591 182 244 4,527 592.0 5.1 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 3,943 750 480 373 48.8 19.0 Nov 1, 2024 J-GAAP
Oct - Dec, 2024 3,433 -19 11 7 0.9 -0.6 Feb 7, 2025 J-GAAP
YoY -8.7% － -97.5% -97.7% -97.8%

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