Hamakyorex <9037> announced consolidated financial results for the 2nd quarter (24/4/9) of the fiscal year ending 2025/3 on the 29th. Sales increased 7.2% from the same period last year to 72.196 billion yen, operating profit increased 14.3% to 6.448 billion yen, ordinary profit increased 14.8% to 6.957 billion yen, and interim net profit attributable to parent company shareholders increased 14.1% to 4.284 billion yen.
Operating revenue from the distribution center business increased 9.4% from the same period last year to 46.352 billion yen, and operating profit increased 13.3% to 5.649 billion yen. The main factors for the increase in sales and profit are due to the enhancement of distribution center operations and the fact that new centers commissioned in the previous fiscal year and the current fiscal year contributed sequentially to business results, and that Keihan Kyuho HD was made into subsidiaries in 2023/6 and Sakai Azetlogi in 2023/7. Also, for an overview of new contracts, logistics has been entrusted to 8 companies. As for the operation status, 11 out of 12 companies, including the 4 companies that were contracted in the first quarter, are in operation. It is planned to proceed with preparations for the remaining 1 company with the aim of operation in the 3rd quarter or later. Note that the total number of distribution centers is 189 centers.
Operating revenue from the freight car transportation business increased 3.4% to 25.844 billion yen, and operating profit increased 20.6% to 0.787 billion yen. The main reason for the increase in sales and profit is due to an increase in the volume of goods transported in special consolidation operations, etc. compared to the previous year. As for the future, it is planned to proceed with the acquisition of new projects and expansion of transactions within the group, strive to increase material volume, work to suppress transportation costs by strengthening management, and strive to secure further profits.
Regarding the full-year consolidated earnings forecast for the fiscal year ending March 31, 2025, the initial plan for sales is 146 billion yen, up 3.9% from the previous fiscal year; operating income is 12.9 billion yen, up 2.6%; ordinary profit is 13.8 billion yen, up 5.1%; and net income attributable to parent company shareholders is 8.6 billion yen, up 3.6% from the same period.