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

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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%