Forval RealStraight Inc., First Half Ordinary Profit Decreases by 23%, July-September Ordinary Profit Decreases by 70%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 14, 2024 11:30 am JST Earnings

9423 Forval RealStraight Inc. 【J-GAAP】

Earnings Report

Forval RealStraight Inc. <9423> [TSE-S] announced its financial results at noon (11:30) on November 14th. The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 22.9% from the same period last year to 91 million yen. The progress rate against the 190 million yen full-year plan was 47.9%, also falling below the five-year average of 52.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to expand by 90.4% from the same period last year, reaching 99 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit significantly dropped to 21 million yen, a 70.4% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.4% in the same period last year to 2.6%.

Kabutan News

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	1,336	66	66	37	1.6	42.3	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	1,605	118	118	77	3.2	69.4	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	1,759	91	91	54	2.2	47.9	Nov 14, 2024	J-GAAP
YoY	+9.6%	-22.9%	-22.9%	-29.9%	-30.7%

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	－	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	1,759	91	91	54	2.2	0	Nov 14, 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	1,461	51	52	53	2.2	2.40	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	99	99	66	2.7	2.60	Nov 14, 2024	J-GAAP
YoY	－	+94.1%	+90.4%	+24.5%	+23.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,975	156	156	112	4.7	2.20	May 12, 2023	J-GAAP
Mar, 2024	3,066	169	170	130	5.4	2.40	May 13, 2024	J-GAAP
Mar, 2025 Guidance	ー	190	190	120	5.0	2.60	May 13, 2024	J-GAAP
YoY	－	+12.4%	+11.8%	-7.7%	-8.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	845	71	71	46	1.9	8.4	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	709	32	33	30	1.3	4.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	752	19	19	23	1.0	2.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	948	70	70	41	1.7	7.4	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	811	21	21	13	0.5	2.6	Nov 14, 2024	J-GAAP
YoY	-4.0%	-70.4%	-70.4%	-71.7%	-72.0%