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Shinki Bus, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 10% Increase, Raises Record High Profit

Thu Nov 6, 2025 4:00 pm JST Earnings

9083 Shinki Bus Co.,Ltd. 【J-GAAP】

Earnings Report

Shinki Bus Co.,Ltd. <9083> [TSE Std] announced its financial results after the market closed on November 6th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 1.31 billion yen, an increase 93.2% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 13.0%, from the previous forecast of 3.62 billion yen to 4.09 billion yen (compared to 3.72 billion yen in the previous period), record profits reach three consecutive terms, turning to a 9.7% increase in the consolidated ordinary profit outlook.

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 decrease 9.0% from the same period last year to 2.77 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.6 times that of the same period last year, reaching 0.60 billion yen. The operating profit margin improved from 1.9% in the same period last year to 4.5%.

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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, 2023 22,258 160 173 -20 -1.7 5.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 24,355 603 681 420 34.9 18.3 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 26,358 1,259 1,316 894 74.2 32.2 Nov 6, 2025 J-GAAP
YoY +8.2% +108.8% +93.2% +112.9% +112.4%

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 ー ー ー ー － 20 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 26,358 1,259 1,316 894 74.2 20 Nov 6, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 54,900 3,500 3,620 2,390 197.9 40 Aug 8, 2025 J-GAAP
Mar, 2026 New 55,700 3,920 4,090 2,710 224.4 40 Nov 6, 2025 J-GAAP
Revision Rate +1.5% +12.0% +13.0% +13.4% +13.4%

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 28,599 2,871 3,048 2,051 170.1 15 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 29,342 2,661 2,774 1,816 150.4 20 Nov 6, 2025 J-GAAP
YoY +2.6% -7.3% -9.0% -11.5% -11.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 49,480 3,145 3,283 2,251 186.9 20 May 14, 2024 J-GAAP
Mar, 2025 52,954 3,474 3,729 2,471 205.0 30 May 9, 2025 J-GAAP
Mar, 2026 Guidance 55,700 3,920 4,090 2,710 224.4 40 Nov 6, 2025 J-GAAP
YoY +5.2% +12.8% +9.7% +9.7% +9.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 12,288 238 236 118 9.8 1.9 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 13,402 753 781 505 41.9 5.6 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 15,197 2,118 2,267 1,546 128.2 13.9 May 9, 2025 J-GAAP
Apr - Jun, 2025 13,160 667 713 491 40.7 5.1 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 13,198 592 603 403 33.4 4.5 Nov 6, 2025 J-GAAP
YoY +7.4% +148.7% +155.5% +241.5% +240.8%

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