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Yasuda Logistics, First Half Ordinary Profit Increases by 26%
9324 Yasuda Logistics corporation 【J-GAAP】
Earnings ReportYasuda Logistics corporation <9324> [TSE Prime] announced its financial results in the afternoon session on November 5th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 25.9% from the same period last year, reaching 2.67 billion yen, exceeded the previous forecast of 2.20 billion yen.
Progress toward the full-year plan of 5.00 billion yen was 53.5%, also surpassing the five-year average of 48.8%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 18.5% from the same period last year to 2.32 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 19.5% from the same period last year, reaching 1.67 billion yen. The operating profit margin improved from 4.8% in the same period last year to 5.2%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 32,896 | 1,118 | 1,863 | 1,176 | 40.6 | 47.1 | Nov 2, 2023 | J-GAAP |
| Apr - Sep, 2024 | 36,162 | 1,452 | 2,126 | 1,355 | 46.8 | 42.7 | Nov 1, 2024 | J-GAAP |
| Apr - Sep, 2025 | 40,196 | 2,007 | 2,677 | 1,739 | 60.0 | 53.5 | Nov 5, 2025 | J-GAAP |
| YoY | +11.2% | +38.2% | +25.9% | +28.3% | +28.3% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 39,000 | 1,600 | 2,200 | 1,500 | 51.8 | 29 | May 7, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 40,196 | 2,007 | 2,677 | 1,739 | 60.0 | 29 | Nov 5, 2025 | J-GAAP |
| Revision Rate | +3.1% | +25.4% | +21.7% | +15.9% | +15.9% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 38,953 | 2,063 | 2,851 | 1,447 | 50.0 | 20 | May 7, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 37,804 | 1,693 | 2,323 | 1,561 | 53.9 | 29 | Nov 5, 2025 | J-GAAP |
| YoY | -2.9% | -17.9% | -18.5% | +7.9% | +7.8% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 67,384 | 2,644 | 3,953 | 2,306 | 79.6 | 28 | May 7, 2024 | J-GAAP |
| Mar, 2025 | 75,115 | 3,515 | 4,977 | 2,802 | 96.8 | 35 | May 7, 2025 | J-GAAP |
| Mar, 2026 Guidance | 78,000 | 3,700 | 5,000 | 3,300 | 113.9 | 58 | May 7, 2025 | J-GAAP |
| YoY | +3.8% | +5.3% | +0.5% | +17.8% | +17.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 18,514 | 881 | 1,399 | 946 | 32.7 | 4.8 | Nov 1, 2024 | J-GAAP |
| Oct - Dec, 2024 | 19,051 | 1,115 | 1,202 | 703 | 24.3 | 5.9 | Feb 4, 2025 | J-GAAP |
| Jan - Mar, 2025 | 19,902 | 948 | 1,649 | 744 | 25.7 | 4.8 | May 7, 2025 | J-GAAP |
| Apr - Jun, 2025 | 20,457 | 981 | 1,005 | 616 | 21.3 | 4.8 | Aug 4, 2025 | J-GAAP |
| Jul - Sep, 2025 | 19,739 | 1,026 | 1,672 | 1,123 | 38.8 | 5.2 | Nov 5, 2025 | J-GAAP |
| YoY | +6.6% | +16.5% | +19.5% | +18.7% | +18.6% |
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