Stock Analysis

Nankai Electric Railway Full Year 2024 Earnings: Revenues Disappoint

TSE:9044

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).
TSE:9044 Earnings and Revenue Growth June 26th 2024

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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