HOUSECOM CORPORATION, First Half Ordinary Profit Loss Narrows, Second Half Dividend Postponed

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Tue Oct 29, 2024 3:00 pm JST Earnings

3275 HOUSECOM CORPORATION 【J-GAAP】

Earnings Report

HOUSECOM CORPORATION <3275> [TSE-S] announced its financial results after the market closed on October 29th (15:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 86 million yen (compared to a loss of 156 million yen in the same period last year), a reduction in the deficit from the previous forecast of a loss of 102 million yen.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 1.3% from the same period last year to 830 million yen.

At the same time, In conjunction with a share exchange, the company has decided to forgo the the second half of 10 yen for the current fiscal year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 89 million yen (compared to a loss of 100 million yen in the same period last year). However, the operating profit/loss margin remained almost flat, changing from -3.4% in the same period last year to -3.4%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	6,857	0	3	-17	-2.2	0.5	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	6,244	-160	-156	-121	-15.7	ー	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	6,581	-113	-86	-90	-11.9	ー	Oct 29, 2024	J-GAAP
YoY	+5.4%	+29.4%	+44.9%	+25.6%	+24.3%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	6,523	-114	-102	-51	-6.7	10	May 2, 2024	J-GAAP
Apr - Sep, 2024 Results	6,581	-113	-86	-90	-11.9	10	Oct 29, 2024	J-GAAP
Revision Rate	+0.9%	+0.9%	+15.7%	-76.5%	-78.0%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	14,001	560	744	498	65.2	20	May 2, 2024	J-GAAP
Mar, 2025 New	14,001	560	744	498	65.2	10	Oct 29, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	7,285	662	841	531	69.1	9	May 2, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,420	673	830	588	77.0	0	Oct 29, 2024	J-GAAP
YoY	+1.9%	+1.7%	-1.3%	+10.7%	+11.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,179	394	620	327	42.5	16	Apr 28, 2023	J-GAAP
Mar, 2024	13,529	502	685	410	53.4	17	May 2, 2024	J-GAAP
Mar, 2025 Guidance	14,001	560	744	498	65.2	10	Oct 29, 2024	J-GAAP
YoY	+3.5%	+11.6%	+8.6%	+21.5%	+22.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,022	-103	-100	-70	-9.1	-3.4	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	2,850	-240	-239	-268	-34.8	-8.4	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	4,435	902	1,080	799	104.0	20.3	May 2, 2024	J-GAAP
Apr - Jun, 2024	3,423	-5	3	-9	-1.3	-0.1	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	3,158	-108	-89	-81	-10.7	-3.4	Oct 29, 2024	J-GAAP
YoY	+4.5%	-4.9%	+11.0%	-15.7%	-17.8%