property technologies Inc., June-August (3Q) Ordinary Profit Turns to Profit

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Tue Oct 15, 2024 4:00 pm JST Earnings

5527 property technologies Inc. 【J-GAAP】

Earnings Report

property technologies Inc. <5527> [TSE-G] announced its financial results after the market closed on October 15th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) significantly dropped by 56.9% from the same period last year to 211 million yen. The progress rate against the 940 million yen full-year plan was 22.4%, also falling below the same period of the previous year of 46.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to November period (4Q) is expected to grow by 28.1% from the same period last year, reaching 729 million yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit/loss turned to a profit of profit of 69 million yen (compared to a loss of 112 million yen in the same period last year). The operating profit margin improved from 0.3% in the same period last year to 1.7%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Dec - Aug, 2022	26,104	668	489	304	73.7	46.2	Oct 13, 2023	J-GAAP
Dec - Aug, 2023	27,835	432	211	48	11.9	22.4	Oct 15, 2024	J-GAAP
YoY	+6.6%	-35.3%	-56.9%	-84.2%	-83.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	18,323	678	457	263	63.7	45	Jan 12, 2024	J-GAAP
Jun - Nov, 2024 Guidance	21,396	950	798	530	129.7	45	Jul 12, 2024	J-GAAP
YoY	+16.8%	+40.1%	+74.6%	+101.5%	+103.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	38,795	2,359	2,201	1,392	390.9	0	Jan 13, 2023	J-GAAP
Nov, 2023	36,965	1,324	1,058	661	160.1	45	Jan 12, 2024	J-GAAP
Nov, 2024 Guidance	40,400	1,230	940	550	134.6	45	Jan 12, 2024	J-GAAP
YoY	+9.3%	-7.1%	-11.2%	-16.8%	-15.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	7,462	22	-112	-94	-22.8	0.3	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	10,861	656	569	357	86.5	6.0	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	7,634	-48	-123	-112	-27.5	-0.6	Apr 12, 2024	J-GAAP
Mar - May, 2024	11,370	328	265	132	33.1	2.9	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	8,831	152	69	28	7.0	1.7	Oct 15, 2024	J-GAAP
YoY	+18.3%	+590.9%	－	－	－