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

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 3,727 236.4 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% -1.9% -0.1%

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 6,743 427.7 180 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% +8.3% +10.2%

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 2,012 127.6 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%

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