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Yasuda Logistics, The Current Fiscal Year Ordinary Profit Revised Upward by 18%, Highest in Five Terms

Tue Feb 4, 2025 3:00 pm JST Earnings

9324 Yasuda Logistics corporation 【J-GAAP】

Earnings Report

Yasuda Logistics corporation <9324> [TSE Prime] announced its financial results in the afternoon session on February 4th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 21.3% from the same period last year, reaching 3.32 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 17.5%, from the previous forecast of 4 billion yen to 4.7 billion yen (compared to 3.95 billion yen in the previous period), increasing the growth rate from 1.2% to 19.0%, reaches new record high for the first time in five terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 37.0%, from the previous forecast of 1.89 billion yen to 2.59 billion yen (compared to 2.08 billion yen in the same period of the previous year), turning to a 24.1% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 38.6% from the same period last year, reaching 1.22 billion yen. The operating profit margin improved from 5.5% in the same period last year to 5.9%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 45,365 2,153 2,864 1,834 63.4 75.8 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 50,261 2,067 2,743 1,705 58.9 69.4 Feb 2, 2024 J-GAAP
Apr - Dec, 2024 55,213 2,567 3,328 2,058 71.1 70.8 Feb 4, 2025 J-GAAP
YoY +9.9% +24.2% +21.3% +20.7% +20.8%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 35,838 1,348 1,874 1,195 41.3 15 Nov 1, 2024 J-GAAP
Oct - Mar, 2024 New 37,838 1,848 2,574 1,395 48.2 15 Feb 4, 2025 J-GAAP
Revision Rate +5.6% +37.1% +37.4% +16.7% +16.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 72,000 2,800 4,000 2,550 88.0 30 May 7, 2024 J-GAAP
Mar, 2025 New 74,000 3,300 4,700 2,750 95.0 30 Feb 4, 2025 J-GAAP
Revision Rate +2.8% +17.9% +17.5% +7.8% +7.8%

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 37,838 1,848 2,574 1,395 48.2 15 Feb 4, 2025 J-GAAP
YoY +9.7% +21.1% +23.2% +23.5% +23.4%

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 74,000 3,300 4,700 2,750 95.0 30 Feb 4, 2025 J-GAAP
YoY +9.8% +24.8% +18.9% +19.3% +19.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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 18,514 881 1,399 946 32.7 4.8 Nov 1, 2024 J-GAAP
Oct - Dec, 2024 19,051 1,115 1,202 703 24.3 5.9 Feb 4, 2025 J-GAAP
YoY +9.7% +17.5% +36.6% +32.9% +33.0%

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