Meiko Trans Co (9357) Q2 2025 earnings summary

Executive summary

• H1 FY2025 revenue rose 3.3% YoY to ¥40,235m, operating profit increased 7.8% to ¥2,974m, and ordinary profit rose 12.0% to ¥3,858m.

• Profit attributable to owners of parent increased 2.9% to ¥2,483m; comprehensive income reached ¥8,206m, versus ¥2,886m a year earlier.

Financial highlights

• Gross profit increased to ¥8,529m from ¥7,934m; basic EPS was ¥83.13, up from ¥80.86 a year earlier.

• Total assets were ¥152,147m at September 30, 2024, versus ¥151,026m at March 31; net assets rose to ¥124,140m from ¥121,792m, and the capital adequacy ratio improved to 78.2% from 77.3%.

• Operating margin was 7.4%, up from 7.1%; ordinary profit margin was 9.6%, up from 8.8%.

Outlook and guidance

• FY2025 forecasts were raised to revenue of ¥80,000m, operating profit of ¥5,800m, ordinary profit of ¥7,400m, and net income of ¥5,000m.

• H1 progress against revised forecasts was 50.3% for revenue, 51.3% for operating profit, 52.1% for ordinary profit, and 49.7% for net income.

• Full-year basic EPS is forecast at ¥167.36.