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Kyushu Railway Company, First Half Ordinary Profit Increases by 5%

Wed Nov 6, 2024 3:30 pm JST Earnings

9142 Kyushu Railway Company 【J-GAAP】

Earnings Report

Kyushu Railway Company <9142> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 5.4% from the same period last year, reaching 29.5 billion yen. The progress rate against the 56.7 billion yen full-year plan was 52.2%, almost the same as the five-year average of 50.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 29.9% from the same period last year, reaching 27.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 14.4 billion yen, an increase of 0.7% compared to the same period last year. However, the operating profit margin decreased from 14.4% in the same period last year to 14.2%.

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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, 2022 170,195 11,183 11,844 12,002 76.4 33.2 Nov 1, 2022 J-GAAP
Apr - Sep, 2023 190,732 26,816 28,050 27,989 178.1 57.3 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 208,412 29,535 29,577 22,649 144.4 52.2 Nov 6, 2024 J-GAAP
YoY +9.3% +10.1% +5.4% -19.1% -19.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 46.50 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 208,412 29,535 29,577 22,649 144.4 46.50 Nov 6, 2024 J-GAAP
Revision Rate － － － － －

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 229,670 20,278 20,886 10,456 66.6 93 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 232,688 27,765 27,123 19,551 125.3 46.50 Nov 6, 2024 J-GAAP
YoY +1.3% +36.9% +29.9% +87.0% +88.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 383,242 34,323 35,700 31,166 198.4 93 May 11, 2023 J-GAAP
Mar, 2024 420,402 47,094 48,936 38,445 244.7 93 May 9, 2024 J-GAAP
Mar, 2025 Guidance 441,100 57,300 56,700 42,200 270.4 93 May 9, 2024 J-GAAP
YoY +4.9% +21.7% +15.9% +9.8% +10.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 92,812 13,328 14,333 10,207 65.0 14.4 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 102,182 16,342 16,771 12,736 81.1 16.0 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 127,488 3,936 4,115 -2,280 -14.5 3.1 May 9, 2024 J-GAAP
Apr - Jun, 2024 104,141 14,703 15,141 11,420 72.7 14.1 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 104,271 14,832 14,436 11,229 71.6 14.2 Nov 6, 2024 J-GAAP
YoY +12.3% +11.3% +0.7% +10.0% +10.2%

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