HOKKAIDO CHUO BUS, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 23% Increase

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Thu Feb 13, 2025 2:30 pm JST Earnings

9085 HOKKAIDO CHUO BUS CO., LTD. 【J-GAAP】

Earnings Report

HOKKAIDO CHUO BUS CO., LTD. <9085> [SSE] announced its financial results in the afternoon session on February 13th (14:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 0.54 billion yen (compared to a loss of 0 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit has been revised upward 2.1 times, from the previous forecast of 0.85 billion yen to 1.8 billion yen (compared to 1.46 billion yen in the previous period), turning to a 23.0% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 86.7%, from the previous forecast of 1.09 billion yen to 2.04 billion yen (compared to 1.76 billion yen in the same period of the previous year), turning to a 15.7% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.6 times that of the same period last year, reaching 0.79 billion yen. The operating profit margin significantly improved from 2.9% in the same period last year to 7.6%.

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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	23,965	-566	-312	-289	-110.5	ー	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	24,173	-215	-1	-212	-81.1	ー	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	25,684	306	548	139	53.2	30.4	Feb 13, 2025	J-GAAP
YoY	+6.3%	－	－	－	－

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	19,749	1,133	1,096	840	321.1	－	Nov 13, 2024	J-GAAP
Oct - Mar, 2024 New	19,499	1,933	2,046	1,490	569.5	－	Feb 13, 2025	J-GAAP
Revision Rate	-1.3%	+70.6%	+86.7%	+77.4%	+77.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	35,650	700	850	450	172.0	－	May 15, 2024	J-GAAP
Mar, 2025 New	35,400	1,500	1,800	1,100	420.4	－	Feb 13, 2025	J-GAAP
Revision Rate	-0.7%	+114.3%	+111.8%	+144.4%	+144.4%

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	18,434	1,641	1,769	1,493	570.7	40	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,499	1,933	2,046	1,490	569.5	－	Feb 13, 2025	J-GAAP
YoY	+5.8%	+17.8%	+15.7%	-0.2%	-0.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	33,442	488	785	586	224.1	40	May 15, 2023	J-GAAP
Mar, 2024	33,838	1,169	1,463	941	359.7	40	May 15, 2024	J-GAAP
Mar, 2025 Guidance	35,400	1,500	1,800	1,100	420.4	－	Feb 13, 2025	J-GAAP
YoY	+4.6%	+28.3%	+23.0%	+16.9%	+16.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	8,769	257	305	340	130.1	2.9	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	9,665	1,384	1,464	1,153	440.8	14.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	7,038	-456	-368	-459	-175.4	-6.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	8,863	23	122	69	26.4	0.3	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	9,783	739	794	529	202.4	7.6	Feb 13, 2025	J-GAAP
YoY	+11.6%	+187.5%	+160.3%	+55.6%	+55.5%