Azuma Shipping, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 68%

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Fri Feb 14, 2025 2:00 pm JST Earnings

9380 Azuma Shipping Co.,Ltd. 【J-GAAP】

Earnings Report

Azuma Shipping Co.,Ltd. <9380> [TSE Std] announced its financial results in the afternoon session on February 14th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 672 million yen, an increase 67.6% compared to the same period last year. The progress rate toward the full-year plan of 765 million yen was 87.8%, it was below the five-year average of 122.9%.

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 profit of 93 million yen (compared to a loss of 249 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 96.5% from the same period last year, reaching 340 million yen. The operating profit margin improved from 1.4% in the same period last year to 2.8%.

Kabutan News

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	31,653	624	880	559	20.1	93.5	Jan 30, 2023	J-GAAP
Apr - Dec, 2023	30,315	232	401	207	7.4	263.8	Jan 30, 2024	J-GAAP
Apr - Dec, 2024	29,836	572	672	491	17.5	87.8	Feb 14, 2025	J-GAAP
YoY	-1.6%	+146.6%	+67.6%	+137.2%	+136.3%

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	19,823	206	-76	195	7.0	4	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	21,877	359	433	324	11.5	4	Oct 30, 2024	J-GAAP
YoY	+10.4%	+74.3%	－	+66.2%	+65.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	41,467	666	941	197	7.1	7	May 15, 2023	J-GAAP
Mar, 2024	39,746	288	152	317	11.4	7	May 15, 2024	J-GAAP
Mar, 2025 Guidance	41,565	642	765	572	20.4	7	May 15, 2024	J-GAAP
YoY	+4.6%	+122.9%	+403.3%	+80.4%	+79.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	10,392	150	173	85	3.1	1.4	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	9,431	56	-249	110	3.9	0.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	9,832	101	168	63	2.3	1.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	9,856	182	164	185	6.6	1.8	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	10,148	289	340	243	8.7	2.8	Feb 14, 2025	J-GAAP
YoY	-2.3%	+92.7%	+96.5%	+185.9%	+184.6%