Fukuyama Transporting (9075) Q1 2023 earnings summary

Executive summary

• Q1 FY2023 revenue rose 2.1% YoY to ¥73,162 million; operating income increased 6.7% to ¥6,738 million, supported by higher sales and lower depreciation.

• Net income attributable to owners of the parent increased 5.8% YoY to ¥4,938 million.

Financial highlights

• Revenue was ¥73,162 million, up ¥1,493 million YoY; operating expenses rose 1.6% to ¥66,424 million.

• Operating income was ¥6,738 million, up 6.7%; ordinary income was ¥7,348 million, up 6.3%.

• Net income attributable to owners of the parent was ¥4,938 million, up 5.8% YoY.

Outlook and guidance

• FY2023 forecast: revenue ¥296,000 million, up 1.6% YoY; operating income ¥23,100 million, up 4.6%, with a 7.8% margin.

• FY2023 forecast: ordinary income ¥24,400 million, up 5.2%; net income attributable to owners of the parent ¥16,200 million, down 3.4%.