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Japan Oil Transportation, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 37%, Current Fiscal Year Dividend Revised Upward by 40 Yen
9074 Japan Oil Transportation Co., Ltd. 【J-GAAP】
Earnings ReportJapan Oil Transportation Co., Ltd. <9074> [TSE Std] announced its financial results in the afternoon session on February 6th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 1.52 billion yen, an increase 36.6% compared to the same period last year. Progress toward the full-year plan of 2.00 billion yen was 76.2%, also surpassing the five-year average of 57.4%.
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 decrease 25.7% from the same period last year to 0.47 billion yen.
At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 100 yen to 140 yen (compared to 100 yen in the previous period).
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 0.77 billion yen, a 1.4% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 6.6% in the same period last year to 6.4%.
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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 - Dec, 2023 | 25,384 | 610 | 805 | 561 | 169.9 | 45.0 | Feb 6, 2024 | J-GAAP |
| Apr - Dec, 2024 | 26,902 | 906 | 1,116 | 826 | 249.8 | 63.5 | Feb 7, 2025 | J-GAAP |
| Apr - Dec, 2025 | 28,044 | 1,284 | 1,524 | 1,023 | 309.5 | 76.2 | Feb 6, 2026 | J-GAAP |
| YoY | +4.2% | +41.7% | +36.6% | +23.8% | +23.9% |
Guidance Update
Second Half Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2025 Prev | 20,315 | 1,170 | 1,248 | 793 | 239.8 | 50 | Nov 7, 2025 | J-GAAP |
| Oct - Mar, 2025 New | 20,315 | 1,170 | 1,248 | 793 | 239.8 | 90 | Feb 6, 2026 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 38,200 | 1,800 | 2,000 | 1,300 | 393.1 | 100 | Nov 7, 2025 | J-GAAP |
| Mar, 2026 New | 38,200 | 1,800 | 2,000 | 1,300 | 393.1 | 140 | Feb 6, 2026 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
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 | 20,011 | 1,295 | 1,424 | 935 | 282.9 | 50 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 20,315 | 1,170 | 1,248 | 793 | 239.8 | 90 | Feb 6, 2026 | J-GAAP |
| YoY | +1.5% | -9.7% | -12.4% | -15.2% | -15.2% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 34,985 | 1,561 | 1,788 | 1,154 | 348.9 | 100 | May 13, 2024 | J-GAAP |
| Mar, 2025 | 37,090 | 1,554 | 1,757 | 1,262 | 381.9 | 100 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 38,200 | 1,800 | 2,000 | 1,300 | 393.1 | 140 | Feb 6, 2026 | J-GAAP |
| YoY | +3.0% | +15.8% | +13.8% | +3.0% | +2.9% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 9,823 | 647 | 783 | 499 | 150.9 | 6.6 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 10,188 | 648 | 641 | 436 | 131.9 | 6.4 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 8,752 | 220 | 316 | 199 | 60.4 | 2.5 | Aug 6, 2025 | J-GAAP |
| Jul - Sep, 2025 | 9,133 | 410 | 436 | 308 | 93.2 | 4.5 | Nov 7, 2025 | J-GAAP |
| Oct - Dec, 2025 | 10,159 | 654 | 772 | 516 | 156.1 | 6.4 | Feb 6, 2026 | J-GAAP |
| YoY | +3.4% | +1.1% | -1.4% | +3.4% | +3.4% |
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