Tokai Kisen, 53% Decrease in Ordinary Profit for The Current Fiscal Year, Resuming Dividends at 10 yen for the First Time in five terms.

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Fri Feb 14, 2025 3:30 pm JST Earnings

9173 Tokai Kisen Co., Ltd. 【J-GAAP】

Earnings Report

Tokai Kisen Co., Ltd. <9173> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit/loss for the fiscal year ending December 2024 turned into a profit of 553 million yen (compared to a loss of 579 million yen in the previous period). In the fiscal year ending December 2025 is also bleak, with an expected significant drop by 53.0% from the previous period to 260 million yen.

At the same time, the company decided to implement a year-end dividend of 10 yen for the previous term, which had been previously undecideddividends were reinstated for the first time infive terms., and has left the annual dividend for the current term undetermined.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit/loss turned to a profit of 7 million yen (compared to a loss of 268 million yen in the same period last year). The operating profit/loss margin drastically improved from -8.1% in the same period last year to -0.5%.

Kabutan News

Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	13,929	452	299	180	82.4	0	Feb 14, 2023	J-GAAP
Dec, 2023	13,176	-629	-579	-580	-264.6	0	Feb 15, 2024	J-GAAP
Dec, 2024	14,604	582	553	293	133.8	10	Feb 14, 2025	J-GAAP
YoY	+10.8%	－	－	－	－

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	14,600	480	450	220	100.2	－	Nov 13, 2024	J-GAAP
Dec, 2024 Results	14,604	582	553	293	133.8	10	Feb 14, 2025	J-GAAP
Revision Rate	+0.0%	+21.3%	+22.9%	+33.2%	+33.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	6,553	-583	-606	-390	-177.8	－	Aug 13, 2024	J-GAAP
Jan - Jun, 2025 Guidance	6,720	-670	-700	-420	-191.4	－	Feb 14, 2025	J-GAAP
YoY	+2.5%	-14.9%	-15.5%	-7.7%	-7.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	13,176	-629	-579	-580	-264.6	0	Feb 15, 2024	J-GAAP
Dec, 2024	14,604	582	553	293	133.8	10	Feb 14, 2025	J-GAAP
Dec, 2025 Guidance	14,600	320	260	220	100.2	－	Feb 14, 2025	J-GAAP
YoY	0.0%	-45.0%	-53.0%	-24.9%	-25.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,040	-247	-268	-255	-116.3	-8.1	Feb 15, 2024	J-GAAP
Jan - Mar, 2024	3,134	-153	-161	-134	-61.4	-4.9	May 14, 2024	J-GAAP
Apr - Jun, 2024	3,419	-430	-445	-256	-116.7	-12.6	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	4,754	1,182	1,152	690	314.9	24.9	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	3,297	-17	7	-7	-3.2	-0.5	Feb 14, 2025	J-GAAP
YoY	+8.5%	+93.1%	－	+97.3%	+97.2%