CENTURY21 REAL ESTATE OF JAPAN LTD., First Half Ordinary Profit Increases by 30%, July-September Ordinary Profit Increases by 32%

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Thu Oct 31, 2024 4:00 pm JST Earnings

8898 CENTURY21 REAL ESTATE OF JAPAN LTD. 【J-GAAP】

Earnings Report

CENTURY21 REAL ESTATE OF JAPAN LTD. <8898> [TSE-S] announced its financial results after the market closed on October 31st (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 29.7% from the same period last year, reaching 650 million yen. The progress rate against the 1.02 billion yen full-year plan was 63.7%, also surpassing the five-year average of 52.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 23.5% from the same period last year to 371 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 31.5% from the same period last year, reaching 338 million yen. The operating profit margin rose from 25.5% in the same period last year to 32.2%.

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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	1,842	425	446	302	29.1	48.2	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	1,877	481	501	335	32.2	50.8	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	2,016	627	650	445	43.4	63.7	Oct 31, 2024	J-GAAP
YoY	+7.4%	+30.4%	+29.7%	+32.8%	+34.9%

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	ー	ー	ー	ー	－	20	Apr 30, 2024	J-GAAP
Apr - Sep, 2024 Results	2,016	627	650	445	43.4	20	Oct 31, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	1,973	455	485	339	32.6	25	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,966	350	371	255	24.9	25	Oct 31, 2024	J-GAAP
YoY	-0.4%	-23.1%	-23.5%	-24.8%	-23.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,797	875	925	652	62.6	45	Apr 28, 2023	J-GAAP
Mar, 2024	3,850	936	986	674	64.9	45	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	3,982	977	1,021	700	68.2	45	Apr 30, 2024	J-GAAP
YoY	+3.4%	+4.4%	+3.5%	+3.9%	+5.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	935	238	257	174	16.7	25.5	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	993	289	295	201	19.3	29.1	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	980	166	190	138	13.3	16.9	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	1,028	309	312	214	20.9	30.1	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	988	318	338	231	22.6	32.2	Oct 31, 2024	J-GAAP
YoY	+5.7%	+33.6%	+31.5%	+32.8%	+34.8%