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Japan Transcity Corporation, First Half Ordinary Profit Revised Upward to an Unexpected 22% Increase, Full Year also Increased, Dividend Revised Upward by 1 yen

Wed Oct 30, 2024 1:00 pm JST Revision

9310 Japan Transcity Corporation 【J-GAAP】

Guidance Update Report

Japan Transcity Corporation <9310> [TSE-P] announced a revision to its performance and dividend in the afternoon session on October 30th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 27.0%, from the previous forecast of 3.7 billion yen to 4.7 billion yen (compared to 3.86 billion yen in the same period of the previous year), turning to a 21.5% increase in the consolidated ordinary profit outlook.

Following the strong performance in the first half, the full-year consolidated ordinary profit has been revised upward by 2.6%, from the previous forecast of 7.6 billion yen to 7.8 billion yen (compared to 7.35 billion yen in the previous period), increasing the growth rate from 3.4% to 6.1%.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 33.5 yen to 34.5 yen (compared to 13 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 61,400 3,300 3,700 2,400 37.9 16.50 May 13, 2024 J-GAAP
Apr - Sep, 2024 New 61,600 4,000 4,700 3,100 49.1 16.50 Oct 30, 2024 J-GAAP
Revision Rate +0.3% +21.2% +27.0% +29.2% +29.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 124,000 6,600 7,600 5,300 84.8 33.50 May 13, 2024 J-GAAP
Mar, 2025 New 124,000 6,800 7,800 5,400 86.4 34.50 Oct 30, 2024 J-GAAP
Revision Rate 0.0% +3.0% +2.6% +1.9% +1.9%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 62,183 3,212 3,868 2,617 40.9 6 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 Guidance 61,600 4,000 4,700 3,100 49.1 16.50 Oct 30, 2024 J-GAAP
YoY -0.9% +24.5% +21.5% +18.5% +20.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 134,063 7,250 8,996 6,155 95.7 11.50 May 15, 2023 J-GAAP
Mar, 2024 122,555 6,241 7,352 4,633 72.5 13 May 13, 2024 J-GAAP
Mar, 2025 Guidance 124,000 6,800 7,800 5,400 86.4 34.50 Oct 30, 2024 J-GAAP
YoY +1.2% +9.0% +6.1% +16.6% +19.1%

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