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Kanagawa Chuo Kotsu, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 17%
9081 Kanagawa Chuo Kotsu Co., Ltd. 【J-GAAP】
Earnings ReportKanagawa Chuo Kotsu Co., Ltd. <9081> [TSE Prime] announced its financial results after the market closed on October 28th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 10.7% from the same period last year to 4.69 billion yen.
However, the full-year forecast for consolidated ordinary profit has been revised upward 17.2%, from the previous forecast of 4.65 billion yen to 5.45 billion yen (compared to 7.74 billion yen in the previous period), and the declining rate is expected to decrease from 40.0% to 29.6%.
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 significant drop 69.6% from the same period last year to 0.75 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.96 billion yen, a 14.1% decrease compared to the same period last year. The operating profit margin worsened from 7.9% in the same period last year to 6.6%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 56,885 | 3,836 | 4,013 | 2,564 | 209.0 | 51.8 | Oct 27, 2023 | J-GAAP |
| Apr - Sep, 2024 | 59,271 | 5,078 | 5,253 | 4,635 | 377.8 | 67.8 | Oct 30, 2024 | J-GAAP |
| Apr - Sep, 2025 | 63,396 | 4,725 | 4,693 | 2,701 | 220.1 | 86.1 | Oct 28, 2025 | J-GAAP |
| YoY | +7.0% | -7.0% | -10.7% | -41.7% | -41.7% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 62,600 | 4,360 | 4,310 | 2,450 | 199.7 | 45 | Sep 26, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 63,396 | 4,725 | 4,693 | 2,701 | 220.1 | 45 | Oct 28, 2025 | J-GAAP |
| Revision Rate | +1.3% | +8.4% | +8.9% | +10.2% | +10.3% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 119,700 | 4,870 | 4,650 | 2,520 | 205.4 | 90 | Apr 30, 2025 | J-GAAP |
| Mar, 2026 New | 124,900 | 5,610 | 5,450 | 2,860 | 233.1 | 90 | Oct 28, 2025 | J-GAAP |
| Revision Rate | +4.3% | +15.2% | +17.2% | +13.5% | +13.5% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 58,878 | 2,310 | 2,492 | 448 | 36.5 | 50 | Apr 30, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 61,504 | 885 | 757 | 159 | 13.0 | 45 | Oct 28, 2025 | J-GAAP |
| YoY | +4.5% | -61.7% | -69.6% | -64.5% | -64.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 117,067 | 7,516 | 7,747 | 3,262 | 265.9 | 60 | Apr 30, 2024 | J-GAAP |
| Mar, 2025 | 118,149 | 7,388 | 7,745 | 5,083 | 414.3 | 90 | Apr 30, 2025 | J-GAAP |
| Mar, 2026 Guidance | 124,900 | 5,610 | 5,450 | 2,860 | 233.1 | 90 | Oct 28, 2025 | J-GAAP |
| YoY | +5.7% | -24.1% | -29.6% | -43.7% | -43.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 29,900 | 2,366 | 2,290 | 1,458 | 118.8 | 7.9 | Oct 30, 2024 | J-GAAP |
| Oct - Dec, 2024 | 29,823 | 2,391 | 2,514 | 1,455 | 118.6 | 8.0 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 29,055 | -81 | -22 | -1,007 | -82.1 | -0.3 | Apr 30, 2025 | J-GAAP |
| Apr - Jun, 2025 | 31,500 | 2,609 | 2,725 | 1,528 | 124.6 | 8.3 | Jul 28, 2025 | J-GAAP |
| Jul - Sep, 2025 | 31,896 | 2,116 | 1,968 | 1,173 | 95.6 | 6.6 | Oct 28, 2025 | J-GAAP |
| YoY | +6.7% | -10.6% | -14.1% | -19.5% | -19.5% |
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