K.R.S. Corporation (9369) Q2 2024 earnings summary

Executive summary

• Revenue and profit grew significantly year-over-year, driven by recovery in logistics demand, effective pricing strategies, and normalization of economic activity post-COVID.

• All major business segments contributed to increased sales, with notable recovery from prior supply shortages and avian influenza impact.

• Strategic investments continued domestically and overseas, focusing on logistics optimization, sustainability, and expansion into new business areas.

• The company continues to execute its mid-term plan to strengthen core functions and adapt to environmental changes.

Financial highlights

• Operating revenue rose 5.7% year-over-year to ¥95.4 billion for the six months ended May 31, 2024.

• Operating profit surged 75.2% to ¥3.24 billion; net profit attributable to shareholders increased 181.1% to ¥1.66 billion.

• EPS for the period was ¥66.62, up from ¥23.70 year-over-year.

• Comprehensive income for the period was ¥2,347 million, compared to a loss of ¥103 million in the prior year.

• Capital expenditures increased 29.9% to ¥4.48 billion.

Outlook and guidance

• Full-year revenue forecast revised upward to ¥192 billion (+4.0% YoY); operating profit forecast raised to ¥5.4 billion (+34.0% YoY).

• Net profit forecast for the year is ¥2.2 billion, with EPS expected at ¥88.51.

• Segment guidance: Joint logistics and related businesses revised upward; dedicated logistics profit guidance lowered.