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TOBU RAILWAY, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 2%

Wed Feb 5, 2025 3:30 pm JST Earnings

9001 TOBU RAILWAY CO.,LTD. 【J-GAAP】

Earnings Report

TOBU RAILWAY CO.,LTD. <9001> [TSE Prime] announced its financial results after the market closed on February 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 58.9 billion yen, a 2.3% decrease compared to the same period last year. The progress rate toward the full-year plan of 65 billion yen was 90.7%, also surpassing the five-year average of 83.4%.

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 48.2% from the same period last year to 6.05 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 21.5 billion yen, a 2.5% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 14.1% in the same period last year to 14.1%.

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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 447,336 45,461 44,230 28,273 135.5 80.7 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 466,718 61,406 60,335 40,914 197.9 83.8 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 458,477 60,589 58,945 41,832 205.2 90.7 Feb 5, 2025 J-GAAP
YoY -1.8% -1.3% -2.3% +2.2% +3.7%

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 327,382 34,796 33,833 21,789 105.4 30 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 337,004 29,522 27,626 23,161 116.0 27.50 Nov 6, 2024 J-GAAP
YoY +2.9% -15.2% -18.3% +6.3% +10.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 614,751 56,688 54,815 29,179 140.1 30 Apr 28, 2023 J-GAAP
Mar, 2024 635,964 73,883 72,033 48,164 233.0 55 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 639,000 68,000 65,000 48,500 243.0 55 Nov 6, 2024 J-GAAP
YoY +0.5% -8.0% -9.8% +0.7% +4.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 158,136 22,319 22,135 14,539 70.3 14.1 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 169,246 12,477 11,698 7,250 35.1 7.4 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 149,914 21,396 21,600 14,891 72.0 14.3 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 152,082 17,082 15,774 10,448 50.8 11.2 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 156,481 22,111 21,571 16,493 80.9 14.1 Feb 5, 2025 J-GAAP
YoY -1.0% -0.9% -2.5% +13.4% +15.0%

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