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Azuma Shipping, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 68%

Fri Feb 14, 2025 2:00 pm JST Earnings

9380 Azuma Shipping Co.,Ltd. 【J-GAAP】

Earnings Report

Azuma Shipping Co.,Ltd. <9380> [TSE Std] announced its financial results in the afternoon session on February 14th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 672 million yen, an increase 67.6% compared to the same period last year. The progress rate toward the full-year plan of 765 million yen was 87.8%, it was below the five-year average of 122.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to March period (4Q) is expected to turn into a profit of 93 million yen (compared to a loss of 249 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 96.5% from the same period last year, reaching 340 million yen. The operating profit margin improved from 1.4% in the same period last year to 2.8%.

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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 31,653 624 880 559 20.1 93.5 Jan 30, 2023 J-GAAP
Apr - Dec, 2023 30,315 232 401 207 7.4 263.8 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 29,836 572 672 491 17.5 87.8 Feb 14, 2025 J-GAAP
YoY -1.6% +146.6% +67.6% +137.2% +136.3%

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 19,823 206 -76 195 7.0 4 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,877 359 433 324 11.5 4 Oct 30, 2024 J-GAAP
YoY +10.4% +74.3% － +66.2% +65.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 41,467 666 941 197 7.1 7 May 15, 2023 J-GAAP
Mar, 2024 39,746 288 152 317 11.4 7 May 15, 2024 J-GAAP
Mar, 2025 Guidance 41,565 642 765 572 20.4 7 May 15, 2024 J-GAAP
YoY +4.6% +122.9% +403.3% +80.4% +79.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 10,392 150 173 85 3.1 1.4 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 9,431 56 -249 110 3.9 0.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 9,832 101 168 63 2.3 1.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 9,856 182 164 185 6.6 1.8 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 10,148 289 340 243 8.7 2.8 Feb 14, 2025 J-GAAP
YoY -2.3% +92.7% +96.5% +185.9% +184.6%

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