Japan Property Management Center Co.,Ltd., July-September (3Q) Ordinary Profit Increases by 11%

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Mon Nov 11, 2024 4:00 pm JST Earnings

3276 Japan Property Management Center Co.,Ltd. 【J-GAAP】

Earnings Report

Japan Property Management Center Co.,Ltd. <3276> [TSE-P] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 1.95 billion yen, a 0.6% decrease compared to the same period last year. The progress rate against the 2.7 billion yen full-year plan was 72.3%, also falling below the five-year average of 77.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow by 20.8% from the same period last year, reaching 748 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 10.7% from the same period last year, reaching 714 million yen. The operating profit margin improved from 4.5% in the same period last year to 4.9%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	42,275	2,134	2,147	1,429	81.2	89.4	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	42,940	1,958	1,964	1,328	75.2	76.0	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	43,743	1,950	1,952	1,297	73.1	72.3	Nov 11, 2024	J-GAAP
YoY	+1.9%	-0.4%	-0.6%	-2.3%	-2.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	28,845	1,263	1,264	917	51.8	25.50	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	31,245	1,464	1,462	1,081	61.6	27.50	Aug 7, 2024	J-GAAP
YoY	+8.3%	+15.9%	+15.7%	+17.9%	+18.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	56,227	2,387	2,401	1,590	90.2	48	Feb 13, 2023	J-GAAP
Dec, 2023	57,353	2,576	2,583	1,817	102.7	51	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	60,400	2,700	2,700	1,900	108.3	55	Feb 13, 2024	J-GAAP
YoY	+5.3%	+4.8%	+4.5%	+4.6%	+5.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	14,432	645	645	428	24.2	4.5	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	14,413	618	619	489	27.6	4.3	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	14,427	531	532	351	19.8	3.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	14,728	705	706	468	26.4	4.8	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	14,588	714	714	478	26.9	4.9	Nov 11, 2024	J-GAAP
YoY	+1.1%	+10.7%	+10.7%	+11.7%	+11.2%