Keifuku Electric Railroad, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 13%, Exceeds Full-Year Plan

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Fri Feb 7, 2025 4:30 pm JST Earnings

9049 Keifuku Electric Railroad Co.,Ltd. 【J-GAAP】

Earnings Report

Keifuku Electric Railroad Co.,Ltd. <9049> [TSE Std] announced its financial results after the market closed on February 7th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 12.7% from the same period last year, reaching 2.13 billion yen. The progress rate toward the full-year plan of 1.71 billion yen is 124.6%, already exceeding the target and also exceeding the five-year average of 115.7%.

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 0.42 billion yen (compared to a profit 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 ordinary profit decreased to 0.68 billion yen, a 8.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 18.3% in the same period last year to 18.3%.

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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	10,156	1,345	1,433	924	464.9	102.0	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	10,843	1,869	1,891	1,436	722.9	97.2	Feb 6, 2024	J-GAAP
Apr - Dec, 2024	11,027	2,122	2,131	1,299	654.0	124.6	Feb 7, 2025	J-GAAP
YoY	+1.7%	+13.5%	+12.7%	-9.5%	-9.5%

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	7,259	786	798	1,097	552.1	20	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,502	299	261	423	212.9	20	Nov 8, 2024	J-GAAP
YoY	-10.4%	-62.0%	-67.3%	-61.4%	-61.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,324	1,292	1,405	1,223	615.7	20	May 11, 2023	J-GAAP
Mar, 2024	14,042	1,913	1,945	2,089	1,051.4	20	May 10, 2024	J-GAAP
Mar, 2025 Guidance	13,800	1,740	1,710	1,310	659.2	20	May 10, 2024	J-GAAP
YoY	-1.7%	-9.0%	-12.1%	-37.3%	-37.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	4,060	742	744	444	223.5	18.3	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	3,199	44	54	653	328.6	1.4	May 10, 2024	J-GAAP
Apr - Jun, 2024	3,657	733	734	460	231.8	20.0	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	3,641	708	715	427	215.1	19.4	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	3,729	681	682	412	207.4	18.3	Feb 7, 2025	J-GAAP
YoY	-8.2%	-8.2%	-8.3%	-7.2%	-7.2%