Fukuyama Transporting (9075) Q2 2023 earnings summary

Executive summary

• Q2 FY2023 revenue rose to ¥145,325 million; operating profit reached ¥11,688 million, supported by higher sales and lower outsourcing and depreciation costs.

• Transport, distribution processing and international operations grew; other business revenue declined.

Financial highlights

• Revenue was ¥145,325 million versus ¥141,999 million YoY; operating expenses were ¥133,636 million versus ¥131,041 million.

• Operating profit was ¥11,688 million versus ¥10,958 million; ordinary profit was ¥12,350 million versus ¥11,279 million.

• Net income attributable to owners of the parent was ¥8,056 million versus ¥7,569 million.

• Personnel costs increased ¥210 million and property costs increased ¥2,412 million; other expenses rose ¥1,023 million, while depreciation declined ¥1,050 million.

Outlook and guidance

• FY2023 forecast: revenue ¥296,800 million (101.9% of prior-year actual), operating profit ¥23,100 million (104.6%), and ordinary profit ¥24,400 million (105.2%).

• FY2023 forecast net income attributable to owners of the parent is ¥21,900 million, 130.6% of prior-year actual; forecast operating and ordinary margins are 7.8% and 8.2%.