Tokyu Fudosan, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 16%, Oct-Dec Ordinary Profit Increases by 2.4 times

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Fri Feb 7, 2025 3:30 pm JST Earnings

3289 Tokyu Fudosan Holdings Corporation 【J-GAAP】

Earnings Report

Tokyu Fudosan Holdings Corporation <3289> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 16.4% from the same period last year, reaching 79.1 billion yen. The progress rate toward the full-year plan of 121 billion yen was 65.1%, exceeding the five-year average of 56.1%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to nearly flat at 42.3 billion yen, down 0.04% from the same period last year.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.4 times that of the same period last year, reaching 34.2 billion yen. The operating profit margin drastically improved from 7.6% in the same period last year to 14.3%.

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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	641,742	61,996	54,515	30,924	43.0	54.8	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	717,821	75,353	68,000	45,451	64.0	61.6	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	763,248	87,845	79,128	47,436	66.5	65.1	Feb 7, 2025	J-GAAP
YoY	+6.3%	+16.6%	+16.4%	+4.4%	+4.0%

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	612,351	62,194	56,923	30,199	42.5	17	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	636,728	84,451	76,671	47,938	67.1	17	Nov 5, 2024	J-GAAP
YoY	+4.0%	+35.8%	+34.7%	+58.7%	+58.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,005,836	110,410	99,558	48,227	67.2	23.50	May 10, 2023	J-GAAP
Mar, 2024	1,103,047	120,238	110,391	68,545	96.4	31	May 10, 2024	J-GAAP
Mar, 2025 Guidance	1,140,000	135,000	121,500	73,000	102.2	34	Nov 5, 2024	J-GAAP
YoY	+3.4%	+12.3%	+10.1%	+6.5%	+6.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	227,125	17,309	14,532	7,105	10.0	7.6	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	385,226	44,885	42,391	23,094	32.5	11.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	267,179	31,636	29,345	18,900	26.5	11.8	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	236,093	18,913	15,484	6,162	8.6	8.0	Nov 5, 2024	J-GAAP
Oct - Dec, 2024	259,976	37,296	34,299	22,374	31.4	14.3	Feb 7, 2025	J-GAAP
YoY	+14.5%	+115.5%	+136.0%	+214.9%	+213.7%