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

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 24.6 46.2 Oct 13, 2023 J-GAAP
Dec - Aug, 2023 27,835 432 211 48 4.0 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 21.2 15 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 Guidance 21,396 950 798 530 43.2 15 Jul 12, 2024 J-GAAP
YoY +16.8% +40.1% +74.6% +101.5% +103.7%

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 1,392 130.3 0 Jan 13, 2023 J-GAAP
Nov, 2023 36,965 1,324 1,058 661 53.4 15 Jan 12, 2024 J-GAAP
Nov, 2024 Guidance 40,400 1,230 940 550 44.9 15 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 -7.6 0.3 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 10,861 656 569 357 28.8 6.0 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 7,634 -48 -123 -112 -9.2 -0.6 Apr 12, 2024 J-GAAP
Mar - May, 2024 11,370 328 265 132 11.0 2.9 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 8,831 152 69 28 2.3 1.7 Oct 15, 2024 J-GAAP
YoY +18.3% +590.9% － － －

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