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Hiroshima Electric Railway, Oct-Dec (3Q) Ordinary Profit Loss Narrows

Thu Feb 13, 2025 1:30 pm JST Earnings

9033 Hiroshima Electric Railway Co.,Ltd. 【J-GAAP】

Earnings Report

Hiroshima Electric Railway Co.,Ltd. <9033> [TSE Std] announced its financial results in the afternoon session on February 13th (13:30). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded to a loss of 669 million yen (compared to a loss of 342 million yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to further decrease loss of 381 million yen (compared to a loss of 628 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary loss improved to a deficit of 179 million yen (compared to a loss of 193 million yen in the same period last year). However, the operating profit/loss margin remained almost flat, changing from -3.6% in the same period last year to -3.6%.

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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 20,058 -2,185 -2,033 -313 -10.3 ー Feb 13, 2023 J-GAAP
Apr - Dec, 2023 21,396 -428 -342 -56 -1.9 ー Feb 13, 2024 J-GAAP
Apr - Dec, 2024 24,463 -883 -669 -438 -14.5 ー Feb 13, 2025 J-GAAP
YoY +14.3% -106.3% -95.6% -682.1% -681.1%

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 16,292 -921 -821 422 13.9 6 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 17,257 -572 -560 1,585 52.2 8 Nov 13, 2024 J-GAAP
YoY +5.9% +37.9% +31.8% +275.6% +275.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 27,450 -3,212 -3,027 943 31.1 6 May 15, 2023 J-GAAP
Mar, 2024 30,466 -1,088 -970 656 21.6 6 May 14, 2024 J-GAAP
Mar, 2025 Guidance 33,630 -1,160 -1,050 1,250 41.2 8 Nov 13, 2024 J-GAAP
YoY +10.4% -6.6% -8.2% +90.5% +90.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 7,222 -261 -193 -290 -9.6 -3.6 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 9,070 -660 -628 712 23.5 -7.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 8,001 -140 -18 21 0.7 -1.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 8,372 -448 -472 -356 -11.7 -5.4 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 8,090 -295 -179 -103 -3.4 -3.6 Feb 13, 2025 J-GAAP
YoY +12.0% -13.0% +7.3% +64.5% +64.5%

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