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Relo Group, Inc., First Half Net Income Increases by 3.7 times, July-September Net Income Increases by 85%

Thu Nov 7, 2024 3:30 pm JST Earnings

8876 Relo Group, Inc. 【IFRS】

Earnings Report

Relo Group, Inc. <8876> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 7th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 3.7 times that of the same period last year, reaching 32.9 billion yen. The progress rate against the 33 billion yen full-year plan was 99.9%, also surpassing the four-year average of 50.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a profit of 28 million yen (compared to a loss of 36.6 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income increased by 84.9% from the same period last year, reaching 8.92 billion yen. The operating profit margin rose from 20.9% in the same period last year to 24.3%.

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 59,074 12,408 12,910 13,100 85.7 49.9 Nov 10, 2022 IFRS
Apr - Sep, 2023 63,189 12,524 13,043 8,826 57.8 ー Nov 9, 2023 IFRS
Apr - Sep, 2024 70,073 15,664 37,899 32,972 216.5 79.0 Nov 7, 2024 IFRS
YoY +10.9% +25.1% +190.6% +273.6% +274.9%

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 － 0 May 9, 2024 IFRS
Apr - Sep, 2024 Results 70,073 15,664 37,899 32,972 216.5 0 Nov 7, 2024 IFRS
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 69,391 15,087 -32,447 -36,633 -239.7 37 May 9, 2024 IFRS
Oct - Mar, 2024 Guidance 69,927 14,336 10,101 28 0.2 42 Nov 7, 2024 IFRS
YoY +0.8% -5.0% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 123,698 22,747 25,869 20,887 136.6 33 May 11, 2023 IFRS
Mar, 2024 132,580 27,611 -19,404 -27,807 -181.9 37 May 9, 2024 IFRS
Mar, 2025 Guidance 140,000 30,000 48,000 33,000 220.4 42 May 9, 2024 IFRS
YoY +5.6% +8.7% － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 32,514 6,784 7,053 4,830 31.6 20.9 Nov 9, 2023 IFRS
Oct - Dec, 2023 31,240 5,464 5,518 3,815 25.0 17.5 Feb 8, 2024 IFRS
Jan - Mar, 2024 38,151 9,623 -37,965 -40,448 -264.6 25.2 May 9, 2024 IFRS
Apr - Jun, 2024 34,626 7,046 26,205 24,043 157.3 20.3 Aug 8, 2024 IFRS
Jul - Sep, 2024 35,447 8,618 11,694 8,929 58.6 24.3 Nov 7, 2024 IFRS
YoY +9.0% +27.0% +65.8% +84.9% +85.5%

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