Sanyo Electric Railway, The Current Fiscal Year Ordinary Profit Revised Upward by 6%

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Thu Feb 13, 2025 3:30 pm JST Earnings

9052 Sanyo Electric Railway Co.,Ltd. 【J-GAAP】

Earnings Report

Sanyo Electric Railway Co.,Ltd. <9052> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 12.4% from the same period last year to 3.51 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 6.0%, from the previous forecast of 3.79 billion yen to 4.01 billion yen (compared to 4.46 billion yen in the previous period), and the declining rate is expected to decrease from 15.1% to 10.1%.

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 14.8%, from the previous forecast of 1.53 billion yen to 1.76 billion yen (compared to 1.61 billion yen in the same period of the previous year), turning to a 9.6% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 9.4% from the same period last year, reaching 1.26 billion yen. However, the operating profit margin remained almost flat, changing from 12.1% in the same period last year to 12.1%.

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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	27,787	2,525	2,611	1,814	81.7	68.6	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	29,627	3,888	4,011	2,803	126.2	89.8	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	28,359	3,364	3,515	2,494	112.3	87.5	Feb 13, 2025	J-GAAP
YoY	-4.3%	-13.5%	-12.4%	-11.0%	-11.0%

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	19,375	1,553	1,537	1,090	49.1	15	Nov 13, 2024	J-GAAP
Oct - Mar, 2024 New	19,591	1,732	1,764	1,311	59.0	15	Feb 13, 2025	J-GAAP
Revision Rate	+1.1%	+11.5%	+14.8%	+20.3%	+20.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	38,055	3,745	3,792	2,684	120.8	30	Nov 13, 2024	J-GAAP
Mar, 2025 New	38,271	3,924	4,019	2,905	130.7	30	Feb 13, 2025	J-GAAP
Revision Rate	+0.6%	+4.8%	+6.0%	+8.2%	+8.2%

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	18,616	1,531	1,610	1,118	50.3	15	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,591	1,732	1,764	1,311	59.0	15	Feb 13, 2025	J-GAAP
YoY	+5.2%	+13.1%	+9.6%	+17.3%	+17.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	38,913	3,491	3,804	2,664	119.9	30	May 12, 2023	J-GAAP
Mar, 2024	39,220	4,326	4,469	3,110	140.0	30	May 14, 2024	J-GAAP
Mar, 2025 Guidance	38,271	3,924	4,019	2,905	130.7	30	Feb 13, 2025	J-GAAP
YoY	-2.4%	-9.3%	-10.1%	-6.6%	-6.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	9,023	1,093	1,152	811	36.5	12.1	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	9,593	438	458	307	13.8	4.6	May 14, 2024	J-GAAP
Apr - Jun, 2024	9,374	1,313	1,435	996	44.9	14.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	9,306	879	820	598	26.9	9.4	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	9,679	1,172	1,260	900	40.5	12.1	Feb 13, 2025	J-GAAP
YoY	+7.3%	+7.2%	+9.4%	+11.0%	+11.0%