KI-STAR REAL ESTATE CO.,LTD, First Half Ordinary Profit Increases by 53%, July-September Ordinary Profit Increases by 2.5 times

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Mon Nov 11, 2024 3:30 pm JST Earnings

3465 KI-STAR REAL ESTATE CO.,LTD 【J-GAAP】

Earnings Report

KI-STAR REAL ESTATE CO.,LTD <3465> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 6.04 billion yen, an increase of 52.8% compared to the same period last year. The progress rate against the 12 billion yen full-year plan was 50.4%, also surpassing the five-year average of 44.9%.

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 3.6% from the same period last year to 5.95 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.5 times that of the same period last year, reaching 3.81 billion yen. The operating profit margin improved from 3.3% in the same period last year to 5.2%.

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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	103,452	10,369	9,974	6,367	403.0	54.0	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	125,484	4,642	3,957	3,016	191.4	39.1	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	150,935	6,992	6,047	3,645	233.8	50.4	Nov 11, 2024	J-GAAP
YoY	+20.3%	+50.6%	+52.8%	+20.9%	+22.2%

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	－	65	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	150,935	6,992	6,047	3,645	233.8	65	Nov 11, 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	157,600	6,720	6,173	3,840	243.6	62	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	169,065	7,508	5,953	3,655	236.1	65	Nov 11, 2024	J-GAAP
YoY	+7.3%	+11.7%	-3.6%	-4.8%	-3.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	241,879	19,189	18,467	11,845	750.8	230	May 12, 2023	J-GAAP
Mar, 2024	283,084	11,362	10,130	6,856	434.9	180	May 13, 2024	J-GAAP
Mar, 2025 Guidance	320,000	14,500	12,000	7,300	471.5	130	May 13, 2024	J-GAAP
YoY	+13.0%	+27.6%	+18.5%	+6.5%	+8.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	64,388	2,140	1,546	938	59.5	3.3	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	72,138	3,243	3,066	1,715	108.8	4.5	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	85,462	3,477	3,107	2,125	134.8	4.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	67,568	2,635	2,228	1,288	82.1	3.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	83,367	4,357	3,819	2,357	151.2	5.2	Nov 11, 2024	J-GAAP
YoY	+29.5%	+103.6%	+147.0%	+151.3%	+154.0%