NANSO Transport Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 2%, Adds to Record High Profit Forecast, Dividend Revised Upward by 4 yen

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Thu Nov 7, 2024 3:00 pm JST Earnings

9034 NANSO Transport Co., Ltd. 【J-GAAP】

Earnings Report

NANSO Transport Co., Ltd. <9034> [TSE-S] announced its financial results in the afternoon session on November 7th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 10.0% from the same period last year, reaching 1.2 billion yen, resulting in an increase in profits compared to the previous forecast of a 0.4% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 2.2%, from the previous forecast of 1.96 billion yen to 2 billion yen (compared to 1.94 billion yen in the previous period), increasing the growth rate from 0.7% to 2.9%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 6.1% from the same period last year to 803 million yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 46 yen to 50 yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 17.9% from the same period last year, reaching 625 million yen. The operating profit margin rose from 13.2% in the same period last year to 14.6%.

Kabutan News

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	7,371	928	922	628	63.2	57.9	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	7,958	1,098	1,092	746	75.0	56.1	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	8,292	1,188	1,201	885	88.9	59.9	Nov 7, 2024	J-GAAP
YoY	+4.2%	+8.2%	+10.0%	+18.6%	+18.6%

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	8,112	1,071	1,088	744	74.7	23	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	8,292	1,188	1,201	885	88.9	25	Nov 7, 2024	J-GAAP
Revision Rate	+2.2%	+10.9%	+10.4%	+19.0%	+19.0%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	15,804	1,960	1,961	1,341	134.7	46	May 15, 2024	J-GAAP
Mar, 2025 New	15,889	1,993	2,004	1,418	142.4	50	Nov 7, 2024	J-GAAP
Revision Rate	+0.5%	+1.7%	+2.2%	+5.7%	+5.7%

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	7,522	860	855	837	84.1	23	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,597	805	803	533	53.5	25	Nov 7, 2024	J-GAAP
YoY	+1.0%	-6.4%	-6.1%	-36.3%	-36.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,424	1,592	1,592	1,082	108.7	30	May 15, 2023	J-GAAP
Mar, 2024	15,480	1,958	1,947	1,583	159.0	42	May 15, 2024	J-GAAP
Mar, 2025 Guidance	15,889	1,993	2,004	1,418	142.4	50	Nov 7, 2024	J-GAAP
YoY	+2.6%	+1.8%	+2.9%	-10.4%	-10.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,054	534	530	361	36.3	13.2	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	3,850	490	483	587	59.0	12.7	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	3,672	370	372	250	25.1	10.1	May 15, 2024	J-GAAP
Apr - Jun, 2024	4,041	567	576	400	40.2	14.0	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	4,251	621	625	485	48.7	14.6	Nov 7, 2024	J-GAAP
YoY	+4.9%	+16.3%	+17.9%	+34.3%	+34.3%