Koyou Rentia Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 25% Decrease

Koyou Rentia Co.,Ltd. <7081> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 22.0% from the same period last year to 1.68 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 28.8%, from the previous forecast of 2.6 billion yen to 1.85 billion yen (compared to 2.47 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 25.3% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has downwardly by 52.5%, from the previous forecast of 1.42 billion yen to 679 million yen (compared to 1.01 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 33.2% decrease in profit.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 509 million yen, a 26.4% decrease compared to the same period last year. The operating profit margin worsened from 8.5% in the same period last year to 6.7%.

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