kabutan

Yasuda Logistics corporation, First Half Ordinary Profit Unexpectedly Revised Upward by 13%

Fri Nov 1, 2024 3:00 pm JST Earnings

9324 Yasuda Logistics corporation 【J-GAAP】

Earnings Report

Yasuda Logistics corporation <9324> [TSE-P] announced its financial results after the market closed on November 1st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 13.2% from the same period last year, reaching 2.1 billion yen, resulting in an increase in profits compared to the previous forecast of a 11.4% decrease.

The progress rate against the 4 billion yen full-year plan was 52.7%, almost the same as the five-year average of 50.4%.

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 9.4% from the same period last year to 1.89 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 19.9% from the same period last year, reaching 1.38 billion yen. The operating profit margin improved from 3.7% in the same period last year to 4.7%.

Kabutan News

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 29,589 1,229 2,150 1,409 48.7 56.9 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 32,896 1,118 1,863 1,176 40.6 47.1 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 36,162 1,434 2,108 1,336 46.2 52.7 Nov 1, 2024 J-GAAP
YoY +9.9% +28.3% +13.2% +13.6% +13.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 35,000 1,000 1,650 1,000 34.5 15 May 7, 2024 J-GAAP
Apr - Sep, 2024 Results 36,162 1,434 2,108 1,336 46.2 15 Nov 1, 2024 J-GAAP
Revision Rate +3.3% +43.4% +27.8% +33.6% +33.7%

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 34,488 1,526 2,090 1,130 39.0 14.50 May 7, 2024 J-GAAP
Oct - Mar, 2024 Guidance 35,838 1,366 1,892 1,214 41.9 15 Nov 1, 2024 J-GAAP
YoY +3.9% -10.5% -9.5% +7.4% +7.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 59,756 2,534 3,776 2,245 77.5 26 May 8, 2023 J-GAAP
Mar, 2024 67,384 2,644 3,953 2,306 79.6 28 May 7, 2024 J-GAAP
Mar, 2025 Guidance 72,000 2,800 4,000 2,550 88.0 30 May 7, 2024 J-GAAP
YoY +6.9% +5.9% +1.2% +10.6% +10.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 16,530 605 1,153 712 24.6 3.7 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 17,365 949 880 529 18.3 5.5 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 17,123 577 1,210 601 20.8 3.4 May 7, 2024 J-GAAP
Apr - Jun, 2024 17,648 571 727 409 14.1 3.2 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 18,514 863 1,381 927 32.0 4.7 Nov 1, 2024 J-GAAP
YoY +12.0% +42.6% +19.8% +30.2% +30.3%

Related Articles