Nankai Electric Railway, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 19%

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Thu Jan 30, 2025 2:00 pm JST Earnings

9044 Nankai Electric Railway Co.,Ltd. 【J-GAAP】

Earnings Report

Nankai Electric Railway Co.,Ltd. <9044> [TSE Prime] announced its financial results in the afternoon session on January 30th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 19.5% from the same period last year, reaching 30.6 billion yen. The progress rate toward the full-year plan of 33 billion yen was 92.8%, also surpassing the five-year average of 79.9%.

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 35.5% from the same period last year to 2.37 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 10.8 billion yen, a 12.6% decrease compared to the same period last year. The operating profit margin decreased from 18.9% in the same period last year to 17.2%.

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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	163,788	15,888	14,214	11,685	103.2	74.9	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	184,089	26,760	25,630	21,904	193.5	87.4	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	187,114	29,206	30,624	20,210	178.5	92.8	Jan 30, 2025	J-GAAP
YoY	+1.6%	+9.1%	+19.5%	-7.7%	-7.7%

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	123,922	16,583	16,044	15,059	133.0	35	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	138,821	14,444	13,178	8,650	76.4	17.50	Oct 30, 2024	J-GAAP
YoY	+12.0%	-12.9%	-17.9%	-42.6%	-42.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	221,280	21,023	18,965	14,623	129.1	25	Apr 28, 2023	J-GAAP
Mar, 2024	241,594	30,820	29,312	23,926	211.3	35	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	262,400	32,700	33,000	21,200	187.2	35	Oct 29, 2024	J-GAAP
YoY	+8.6%	+6.1%	+12.6%	-11.4%	-11.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	66,417	12,523	12,362	13,037	115.1	18.9	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	57,505	4,060	3,682	2,022	17.9	7.1	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	59,722	9,876	9,754	6,718	59.3	16.5	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	63,857	8,380	10,068	5,832	51.5	13.1	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	63,535	10,950	10,802	7,660	67.7	17.2	Jan 30, 2025	J-GAAP
YoY	-4.3%	-12.6%	-12.6%	-41.2%	-41.2%