Taiho Transportation Co., Ltd., First Half Ordinary Profit Increases by 52%

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Fri Nov 1, 2024 11:00 am JST Earnings

9040 Taiho Transportation Co., Ltd. 【J-GAAP】

Earnings Report

Taiho Transportation Co., Ltd. <9040> [NSE-M] announced its financial results in the morning on November 1st (11:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 197 million yen, an increase of 51.5% compared to the same period last year. The progress rate against the 300 million yen full-year plan was 65.7%, it was below the five-year average of 80.0%.

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 decrease by 24.8% from the same period last year to 103 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit surged to 2.3 times that of the same period last year, reaching 109 million yen. The operating profit margin improved from 2.2% in the same period last year to 5.1%.

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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	4,069	134	144	95	127.7	56.5	Nov 1, 2022	J-GAAP
Apr - Sep, 2023	3,927	120	130	71	95.8	48.7	Nov 1, 2023	J-GAAP
Apr - Sep, 2024	4,012	186	197	271	363.4	65.7	Nov 1, 2024	J-GAAP
YoY	+2.2%	+55.0%	+51.5%	+281.7%	+279.3%

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	4,012	ー	197	271	363.1	50	Oct 31, 2024	J-GAAP
Apr - Sep, 2024 Results	4,012	186	197	271	363.4	50	Nov 1, 2024	J-GAAP
Revision Rate	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	3,748	130	137	31	41.5	50	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,088	104	103	59	79.1	50	Nov 1, 2024	J-GAAP
YoY	+9.1%	-20.0%	-24.8%	+90.3%	+90.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,851	234	255	166	223.3	100	Apr 28, 2023	J-GAAP
Mar, 2024	7,675	250	267	102	136.7	100	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	8,100	290	300	330	442.2	100	Oct 31, 2024	J-GAAP
YoY	+5.5%	+16.0%	+12.4%	+223.5%	+223.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,011	44	48	15	20.2	2.2	Nov 1, 2023	J-GAAP
Oct - Dec, 2023	1,947	92	94	61	81.8	4.7	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	1,801	38	43	-30	-40.2	2.1	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	1,964	82	88	199	267.2	4.2	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	2,048	104	109	72	96.5	5.1	Nov 1, 2024	J-GAAP
YoY	+1.8%	+136.4%	+127.1%	+380.0%	+377.0%