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Toyo Logistics, First Half Ordinary Profit Increases by 1%
9306 Toyo Logistics Co.,Ltd. 【J-GAAP】
Earnings ReportToyo Logistics Co.,Ltd. <9306> [TSE Std] announced its financial results in the afternoon session on November 11th (14:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 0.92 billion yen, a 0.7% increase compared to the same period last year. Progress toward the full-year plan of 1.75 billion yen was 53.0%, also surpassing the five-year average of 49.5%.
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 12.1% from the same period last year to 0.82 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 0.39 billion yen, an 11.9% decrease compared to the same period last year. The operating profit margin worsened from 4.5% in the same period last year to 4.1%.
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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 | 13,917 | 664 | 976 | 751 | 99.6 | 53.6 | Nov 9, 2023 | J-GAAP |
| Apr - Sep, 2024 | 14,449 | 593 | 922 | 694 | 91.8 | 49.6 | Nov 11, 2024 | J-GAAP |
| Apr - Sep, 2025 | 14,935 | 665 | 928 | 899 | 119.2 | 53.0 | Nov 11, 2025 | J-GAAP |
| YoY | +3.4% | +12.1% | +0.7% | +29.5% | +29.9% |
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 | 14,900 | 665 | 930 | 900 | 120.0 | 30 | Oct 30, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 14,935 | 665 | 928 | 899 | 119.2 | 30 | Nov 11, 2025 | J-GAAP |
| Revision Rate | +0.2% | 0.0% | -0.2% | -0.1% | -0.6% |
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 | 14,737 | 648 | 935 | 801 | 105.9 | 30 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 14,565 | 585 | 822 | 401 | 53.4 | 40 | Nov 11, 2025 | J-GAAP |
| YoY | -1.2% | -9.7% | -12.1% | -49.9% | -49.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 27,875 | 1,129 | 1,820 | 1,369 | 181.4 | 55 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 29,186 | 1,241 | 1,857 | 1,495 | 197.7 | 60 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 29,500 | 1,250 | 1,750 | 1,300 | 173.2 | 70 | May 12, 2025 | J-GAAP |
| YoY | +1.1% | +0.7% | -5.8% | -13.0% | -12.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 7,312 | 329 | 446 | 340 | 45.0 | 4.5 | Nov 11, 2024 | J-GAAP |
| Oct - Dec, 2024 | 7,628 | 420 | 613 | 543 | 71.8 | 5.5 | Feb 10, 2025 | J-GAAP |
| Jan - Mar, 2025 | 7,109 | 228 | 322 | 258 | 34.1 | 3.2 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 7,364 | 355 | 535 | 560 | 74.0 | 4.8 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 7,571 | 310 | 393 | 339 | 45.0 | 4.1 | Nov 11, 2025 | J-GAAP |
| YoY | +3.5% | -5.8% | -11.9% | -0.3% | 0.0% |
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