Nankai Electric Railway Full Year 2024 Earnings: Revenues Disappoint

Nankai Electric Railway (TSE:9044) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥241.6b (up 9.2% from FY 2023).
• Net income: JP¥23.9b (up 64% from FY 2023).
• Profit margin: 9.9% (up from 6.6% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: JP¥211 (up from JP¥129 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nankai Electric Railway Revenues Disappoint

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Transportation industry in Japan.

Performance of the Japanese Transportation industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Nankai Electric Railway that you need to take into consideration.

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