Open House Group Co., Ltd., 2% Increase in Ordinary Profit for The Current Fiscal Year, Dividend to Rise by 2 yen

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Thu Nov 14, 2024 3:30 pm JST Earnings

3288 Open House Group Co., Ltd. 【J-GAAP】

Earnings Report

Open House Group Co., Ltd. <3288> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the fiscal year ending September 2024 decreased by 12.2% from the previous period to 120 billion yen. For the fiscal year ending September 2025, the profit is expected to grow by 2.3% to 123 billion yen. This will be the thirteenth consecutive term of revenue growth.

At the same time, the company has decided to increase the dividend this fiscal year to 168 yen, an increase of 2 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit decreased to 36.2 billion yen, a 14.6% decrease compared to the same period last year. The operating profit margin decreased from 12.5% in the same period last year to 9.6%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	952,686	119,358	121,166	77,884	626.2	129	Nov 14, 2022	J-GAAP
Sep, 2023	1,148,484	142,330	136,927	92,050	763.7	164	Nov 14, 2023	J-GAAP
Sep, 2024	1,295,862	119,088	120,283	92,921	782.6	166	Nov 14, 2024	J-GAAP
YoY	+12.8%	-16.3%	-12.2%	+0.9%	+2.5%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	1,300,000	124,000	120,000	92,500	794.2	166	Nov 14, 2023	J-GAAP
Sep, 2024 Results	1,295,862	119,088	120,283	92,921	782.6	166	Nov 14, 2024	J-GAAP
Revision Rate	-0.3%	-4.0%	+0.2%	+0.5%	-1.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	602,756	55,723	58,322	51,902	433.1	83	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	613,800	61,600	58,200	38,100	327.0	84	Nov 14, 2024	J-GAAP
YoY	+1.8%	+10.5%	-0.2%	-26.6%	-24.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	1,148,484	142,330	136,927	92,050	763.7	164	Nov 14, 2023	J-GAAP
Sep, 2024	1,295,862	119,088	120,283	92,921	782.6	166	Nov 14, 2024	J-GAAP
Sep, 2025 Guidance	1,300,000	130,000	123,000	82,000	703.8	168	Nov 14, 2024	J-GAAP
YoY	+0.3%	+9.2%	+2.3%	-11.8%	-10.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	363,154	45,521	42,418	30,635	254.2	12.5	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	304,846	32,643	32,262	32,994	274.1	10.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	297,910	23,080	26,060	18,908	157.8	7.7	May 15, 2024	J-GAAP
Apr - Jun, 2024	292,300	25,064	25,736	16,663	139.7	8.6	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	400,806	38,301	36,225	24,356	205.1	9.6	Nov 14, 2024	J-GAAP
YoY	+10.4%	-15.9%	-14.6%	-20.5%	-19.3%