CENTURY21 REAL ESTATE OF JAPAN, The Current Fiscal Year Ordinary Profit Revised Upward by 8%

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Fri Jan 31, 2025 4:00 pm JST Earnings

8898 CENTURY21 REAL ESTATE OF JAPAN LTD. 【J-GAAP】

Earnings Report

CENTURY21 REAL ESTATE OF JAPAN LTD. <8898> [TSE Std] announced its financial results after the market closed on January 31st (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 24.4% from the same period last year, reaching 0.99 billion yen.

In addition, the full-year ordinary profit has been revised upward 7.6%, from the previous forecast of 1.02 billion yen to 1.09 billion yen (compared to 0.98 billion yen in the previous period), increasing the growth rate from 3.5% to 11.5%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (2H) has been revised upward 21.0%, from the previous forecast of 0.37 billion yen to 0.44 billion yen (compared to 0.48 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 23.5% to 7.4%.

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 15.3% from the same period last year, reaching 0.34 billion yen. However, the operating profit margin decreased from 29.1% in the same period last year to 26.9%.

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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
Apr - Dec, 2022	2,793	682	711	483	46.4	76.9	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	2,870	770	796	536	51.5	80.7	Feb 5, 2024	J-GAAP
Apr - Dec, 2024	3,048	905	990	678	66.2	90.1	Jan 31, 2025	J-GAAP
YoY	+6.2%	+17.5%	+24.4%	+26.5%	+28.5%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	1,966	350	371	255	24.9	25	Oct 31, 2024	J-GAAP
Oct - Mar, 2024 New	1,966	370	449	305	29.7	25	Jan 31, 2025	J-GAAP
Revision Rate	0.0%	+5.7%	+21.0%	+19.6%	+19.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	3,982	977	1,021	700	68.2	45	Apr 30, 2024	J-GAAP
Mar, 2025 New	3,982	997	1,099	750	73.1	45	Jan 31, 2025	J-GAAP
Revision Rate	0.0%	+2.0%	+7.6%	+7.1%	+7.2%

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	1,973	455	485	339	32.6	25	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,966	370	449	305	29.7	25	Jan 31, 2025	J-GAAP
YoY	-0.4%	-18.7%	-7.4%	-10.0%	-8.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,797	875	925	652	62.6	45	Apr 28, 2023	J-GAAP
Mar, 2024	3,850	936	986	674	64.9	45	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	3,982	997	1,099	750	73.1	45	Jan 31, 2025	J-GAAP
YoY	+3.4%	+6.5%	+11.5%	+11.3%	+12.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	993	289	295	201	19.3	29.1	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	980	166	190	138	13.3	16.9	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	1,028	309	312	214	20.9	30.1	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	988	318	338	231	22.6	32.2	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	1,032	278	340	233	22.7	26.9	Jan 31, 2025	J-GAAP
YoY	+3.9%	-3.8%	+15.3%	+15.9%	+17.7%