TRUST Holdings Inc., July-September (1Q) Ordinary Profit Decreases by 97%

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Fri Nov 8, 2024 3:30 pm JST Earnings

3286 TRUST Holdings Inc. 【J-GAAP】

Earnings Report

TRUST Holdings Inc. <3286> [TSE-G] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the first quarter of the fiscal year ending June 2025 (July to September) significantly dropped by 96.5% from the same period last year to 9 million yen. The progress rate against the 195 million yen plan for the six months ending December (first half) was 4.6%, also falling below the five-year average of 62.7%.

In the most recent three-month period, from July to September (1Q), the operating profit margin drastically worsened from 6.5% in the same period last year to 1.3%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jul - Sep, 2022	3,133	135	113	99	27.0	100.9	Oct 31, 2022	J-GAAP
Jul - Sep, 2023	4,218	274	259	145	38.8	76.2	Nov 10, 2023	J-GAAP
Jul - Sep, 2024	2,480	31	9	1	0.4	4.6	Nov 8, 2024	J-GAAP
YoY	-41.2%	-88.7%	-96.5%	-99.3%	-99.1%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	7,064	372	340	187	50.0	8	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	6,538	241	195	128	33.4	8	Aug 9, 2024	J-GAAP
YoY	-7.4%	-35.2%	-42.6%	-31.6%	-33.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2023	13,418	569	510	239	64.5	15	Aug 10, 2023	J-GAAP
Jun, 2024	13,694	675	607	338	89.6	16	Aug 9, 2024	J-GAAP
Jun, 2025 Guidance	14,000	640	550	350	91.4	16	Aug 9, 2024	J-GAAP
YoY	+2.2%	-5.2%	-9.4%	+3.6%	+2.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,218	274	259	145	38.8	6.5	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,846	98	81	42	11.2	3.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,348	50	28	21	5.6	2.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	4,282	253	239	130	34.4	5.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,480	31	9	1	0.4	1.3	Nov 8, 2024	J-GAAP
YoY	-41.2%	-88.7%	-96.5%	-99.3%	-99.1%