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Nagoya Railroad Co., Ltd., First Half Ordinary Profit Revised Upward by 42%

Thu Nov 7, 2024 3:00 pm JST Revision

9048 Nagoya Railroad Co., Ltd. 【J-GAAP】

Guidance Update Report

Nagoya Railroad Co., Ltd. <9048> [TSE-P] announced a performance revision 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) has been revised upward by 42.0%, from the previous forecast of 20 billion yen to 28.4 billion yen (compared to 17.2 billion yen in the same period of the previous year), increasing the growth rate from 15.7% to 64.2%.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 40.5 billion yen(compared to 37.5 billion yen in the previous period).

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Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Prev 330,000 20,000 20,000 14,000 71.2 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 New 334,500 24,200 28,400 21,600 109.8 0 Nov 7, 2024 J-GAAP
Revision Rate +1.4% +21.0% +42.0% +54.3% +54.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 283,728 15,900 17,293 9,980 50.8 0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 Guidance 334,500 24,200 28,400 21,600 109.8 0 Nov 7, 2024 J-GAAP
YoY +17.9% +52.2% +64.2% +116.4% +116.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 551,504 22,731 26,362 18,850 95.9 20 May 11, 2023 J-GAAP
Mar, 2024 601,121 34,750 37,544 24,400 124.1 27.50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 675,000 40,000 40,500 28,000 142.8 30 May 10, 2024 J-GAAP
YoY +12.3% +15.1% +7.9% +14.8% +15.0%

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