Japan Transcity Corporation, First Half Ordinary Profit Increases by 24%, July-September Ordinary Profit Increases by 37%

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Mon Nov 11, 2024 1:40 pm JST Earnings

9310 Japan Transcity Corporation 【J-GAAP】

Earnings Report

Japan Transcity Corporation <9310> [TSE-P] announced its financial results in the afternoon session on November 11th (13:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 23.6% from the same period last year, reaching 4.78 billion yen. The progress rate against the 7.8 billion yen full-year plan was 61.3%, also surpassing the five-year average of 49.6%.

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 decrease by 13.3% from the same period last year to 3.01 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 36.6% from the same period last year, reaching 2.33 billion yen. The operating profit margin improved from 4.7% in the same period last year to 6.9%.

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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	64,460	4,094	5,473	3,733	58.1	60.8	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	62,183	3,212	3,868	2,617	40.9	52.6	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	61,625	4,035	4,781	3,193	50.3	61.3	Nov 11, 2024	J-GAAP
YoY	-0.9%	+25.6%	+23.6%	+22.0%	+23.2%

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	61,600	4,000	4,700	3,100	49.1	16.50	Oct 30, 2024	J-GAAP
Apr - Sep, 2024 Results	61,625	4,035	4,781	3,193	50.3	16.50	Nov 11, 2024	J-GAAP
Revision Rate	+0.0%	+0.9%	+1.7%	+3.0%	+2.6%

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	60,372	3,029	3,484	2,016	31.6	7	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	62,375	2,765	3,019	2,207	35.3	18	Nov 11, 2024	J-GAAP
YoY	+3.3%	-8.7%	-13.3%	+9.5%	+11.9%

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%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	30,612	1,441	1,706	1,154	18.0	4.7	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	30,890	1,933	2,305	1,503	23.5	6.3	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	29,482	1,096	1,179	513	8.0	3.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	30,282	1,878	2,451	1,634	25.7	6.2	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	31,343	2,157	2,330	1,559	24.6	6.9	Nov 11, 2024	J-GAAP
YoY	+2.4%	+49.7%	+36.6%	+35.1%	+36.3%