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

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%

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