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Moriya Transportation Engineering and Manufacturing Co.,Ltd., First Half Ordinary Profit Increases by 63%, July-September Ordinary Profit Increases by 69%

Mon Nov 11, 2024 5:00 pm JST Earnings

6226 Moriya Transportation Engineering and Manufacturing Co.,Ltd. 【J-GAAP】

Earnings Report

Moriya Transportation Engineering and Manufacturing Co.,Ltd. <6226> [TSE-S] announced its financial results after the market closed on November 11th (17:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.81 billion yen, an increase of 63.5% compared to the same period last year. The progress rate against the 3.75 billion yen full-year plan was 48.5%, exceeding the same period of the previous year of 42.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 27.4% from the same period last year, reaching 1.93 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 69.2% from the same period last year, reaching 956 million yen. The operating profit margin jumped from 13.2% in the same period last year to 19.5%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 6,819 236 196 129 3.8 24.8 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 8,230 1,092 1,112 722 20.7 42.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 9,125 1,745 1,818 1,227 35.0 48.5 Nov 11, 2024 J-GAAP
YoY +10.9% +59.8% +63.5% +69.9% +68.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 9,125 1,745 1,818 1,227 35.0 5 Nov 6, 2024 J-GAAP
Apr - Sep, 2024 Results 9,125 1,745 1,818 1,227 35.0 5 Nov 11, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.1%

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 9,297 1,501 1,517 996 28.5 6.25 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 10,495 1,905 1,932 1,303 37.1 11.50 Nov 6, 2024 J-GAAP
YoY +12.9% +26.9% +27.4% +30.8% +29.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 15,416 777 791 641 18.5 7.50 May 12, 2023 J-GAAP
Mar, 2024 17,527 2,593 2,629 1,718 49.2 10 May 10, 2024 J-GAAP
Mar, 2025 Guidance 19,620 3,650 3,750 2,530 72.0 16.50 Nov 6, 2024 J-GAAP
YoY +11.9% +40.8% +42.6% +47.3% +46.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,235 557 565 367 10.5 13.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 4,422 617 628 409 11.7 14.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 4,875 884 889 587 16.8 18.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 4,433 829 862 582 16.6 18.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 4,692 916 956 645 18.4 19.5 Nov 11, 2024 J-GAAP
YoY +10.8% +64.5% +69.2% +75.7% +74.8%

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