Hamakyorex <9037> announced its consolidated financial results for the second quarter of the fiscal year ending March 2025 (April-September 24), with revenue increasing by 7.2% year-on-year to 72.196 billion yen, operating profit increasing by 14.3% to 6.448 billion yen, ordinary profit increasing by 14.8% to 6.957 billion yen, and interim net profit attributable to the parent company's shareholders increasing by 14.1% to 4.284 billion yen.
The operating revenue of the logistics center business increased by 9.4% year-on-year to 46.352 billion yen, with operating profit increasing by 13.3% to 5.649 billion yen. The main reasons for the increase in revenue and profit include the enhancement of logistics center operations contributing to performance sequentially, the new centers contracted in the previous and current fiscal years, the acquisition of Keihan Kyuho HD in June 2023, and the acquisition of Sakai Azzetto Logi in July 2023. Regarding new contracts, they have secured logistics contracts with 8 companies. Out of the total 12 companies, 11 are operational including the 4 companies from the previous period. Efforts are ongoing to prepare the remaining company for operation post third quarter. The total number of logistics centers is 189.
The operating revenue of the freight trucking business increased by 3.4% to 25.844 billion yen, with operating profit increasing by 20.6% to 0.787 billion yen. The increase in revenue and profit is primarily attributed to the increased transport volume in special combined transport operations compared to the previous year. Moving forward, they plan to acquire new projects, expand transactions within the group, increase transport volume, work on cost control through management strengthening, and strive for further revenue growth.
Regarding the full-year consolidated performance forecast for the fiscal year ending March 2025, they maintain the initial plan with revenue expected to increase by 3.9% to 146 billion yen, operating profit by 2.6% to 12.9 billion yen, ordinary profit by 5.1% to 13.8 billion yen, and the current net profit attributable to the parent company's shareholders to increase by 3.6% to 8.6 billion yen compared to the previous period.