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

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%.

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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%

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