RIDE ON EXPRESS, Oct-Dec (3Q) Ordinary Profit Increases by 2.1 times

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Fri Feb 14, 2025 3:30 pm JST Earnings

6082 RIDE ON EXPRESS HOLDINGS Co.,Ltd. 【J-GAAP】

Earnings Report

RIDE ON EXPRESS HOLDINGS Co.,Ltd. <6082> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 33.5% from the same period last year to 338 million yen. The progress rate toward the full-year plan of 658 million yen was 51.4%, also falling below the five-year average of 69.4%.

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 for the January to March period (4Q) is expected to drop 38.0% from the same period last year to 320 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.1 times that of the same period last year, reaching 369 million yen. The operating profit margin improved from 3.0% in the same period last year to 5.5%.

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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	18,910	755	701	448	45.6	63.8	Feb 14, 2023	J-GAAP
Apr - Dec, 2023	17,556	513	508	221	22.8	49.6	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	17,147	350	338	156	16.0	51.4	Feb 14, 2025	J-GAAP
YoY	-2.3%	-31.8%	-33.5%	-29.4%	-29.7%

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	12,944	749	693	242	24.9	15	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	12,572	712	689	429	43.9	15	Nov 14, 2024	J-GAAP
YoY	-2.9%	-4.9%	-0.6%	+77.3%	+76.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	25,353	1,251	1,099	546	55.6	30	May 15, 2023	J-GAAP
Mar, 2024	23,995	1,067	1,024	364	37.4	15	May 15, 2024	J-GAAP
Mar, 2025 Guidance	23,229	704	658	372	38.0	15	Sep 25, 2024	J-GAAP
YoY	-3.2%	-34.0%	-35.7%	+2.2%	+1.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	6,505	195	177	99	10.2	3.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	6,439	554	516	143	14.7	8.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	5,185	-90	-83	-118	-12.1	-1.7	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	5,472	82	52	61	6.3	1.5	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	6,490	358	369	213	21.9	5.5	Feb 14, 2025	J-GAAP
YoY	-0.2%	+83.6%	+108.5%	+115.2%	+114.4%