YOKOHAMA REITO CO.,LTD., 14% Increase in Ordinary Profit for The Current Fiscal Year

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Thu Nov 14, 2024 3:30 pm JST Earnings

2874 YOKOHAMA REITO CO.,LTD. 【J-GAAP】

Earnings Report

YOKOHAMA REITO CO.,LTD. <2874> [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 13.6% from the previous period to 3.63 billion yen. For the fiscal year ending September 2025, the profit is expected to grow by 14.2% to 4.15 billion yen.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit/loss turned to a loss of 319 million yen (compared to a profit of 784 million yen in the same period last year). The operating profit/loss margin drastically worsened from 2.6% in the same period last year to -0.5%.

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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	110,761	4,158	4,999	3,317	56.3	23	Nov 14, 2022	J-GAAP
Sep, 2023	125,598	3,588	4,133	-10,731	-182.5	24	Nov 14, 2023	J-GAAP
Sep, 2024	122,282	4,647	4,808	3,933	66.8	24	Nov 14, 2024	J-GAAP
YoY	-2.6%	+29.5%	+16.3%	－	－

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	139,000	4,550	4,750	3,050	51.8	24	Nov 14, 2023	J-GAAP
Sep, 2024 Results	122,282	4,647	4,808	3,933	66.8	24	Nov 14, 2024	J-GAAP
Revision Rate	-12.0%	+2.1%	+1.2%	+29.0%	+29.1%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	59,997	2,719	1,849	1,101	27.9	12	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	68,000	2,200	2,100	1,400	23.7	12	Nov 14, 2024	J-GAAP
YoY	+13.3%	-19.1%	+13.6%	+27.2%	-15.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	125,598	3,588	4,133	-10,731	-182.5	24	Nov 14, 2023	J-GAAP
Sep, 2024	122,282	4,647	4,808	3,933	66.8	24	Nov 14, 2024	J-GAAP
Sep, 2025 Guidance	127,000	4,250	4,150	2,800	47.5	24	Nov 14, 2024	J-GAAP
YoY	+3.9%	-8.5%	-13.7%	-28.8%	-28.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	33,269	858	714	-13,055	-222.1	2.6	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	32,571	1,716	1,687	1,260	21.9	5.3	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	27,426	1,003	162	-159	-4.0	3.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	31,171	1,325	1,050	564	9.6	4.3	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	31,114	603	1,909	2,268	38.5	1.9	Nov 14, 2024	J-GAAP
YoY	-6.5%	-29.7%	+167.4%	－	－