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Keifuku Electric Railroad, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 13%, Exceeds Full-Year Plan

Fri Feb 7, 2025 4:30 pm JST Earnings

9049 Keifuku Electric Railroad Co.,Ltd. 【J-GAAP】

Earnings Report

Keifuku Electric Railroad Co.,Ltd. <9049> [TSE Std] announced its financial results after the market closed on February 7th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 12.7% from the same period last year, reaching 2.13 billion yen. The progress rate toward the full-year plan of 1.71 billion yen is 124.6%, already exceeding the target and also exceeding the five-year average of 115.7%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 0.42 billion yen (compared to a profit of 0.05 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.68 billion yen, a 8.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 18.3% in the same period last year to 18.3%.

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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 10,156 1,345 1,433 924 464.9 102.0 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 10,843 1,869 1,891 1,436 722.9 97.2 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 11,027 2,122 2,131 1,299 654.0 124.6 Feb 7, 2025 J-GAAP
YoY +1.7% +13.5% +12.7% -9.5% -9.5%

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 7,259 786 798 1,097 552.1 20 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,502 299 261 423 212.9 20 Nov 8, 2024 J-GAAP
YoY -10.4% -62.0% -67.3% -61.4% -61.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 13,324 1,292 1,405 1,223 615.7 20 May 11, 2023 J-GAAP
Mar, 2024 14,042 1,913 1,945 2,089 1,051.4 20 May 10, 2024 J-GAAP
Mar, 2025 Guidance 13,800 1,740 1,710 1,310 659.2 20 May 10, 2024 J-GAAP
YoY -1.7% -9.0% -12.1% -37.3% -37.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 4,060 742 744 444 223.5 18.3 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 3,199 44 54 653 328.6 1.4 May 10, 2024 J-GAAP
Apr - Jun, 2024 3,657 733 734 460 231.8 20.0 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 3,641 708 715 427 215.1 19.4 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 3,729 681 682 412 207.4 18.3 Feb 7, 2025 J-GAAP
YoY -8.2% -8.2% -8.3% -7.2% -7.2%

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