TRUST, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 22%, Oct-Dec Ordinary Profit Increases by 43%

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Mon Feb 10, 2025 4:00 pm JST Earnings

3347 TRUST CO., LTD. 【J-GAAP】

Earnings Report

TRUST CO., LTD. <3347> [TSE Std] announced its financial results after the market closed on February 10th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 22.0% from the same period last year, reaching 2.51 billion yen. The progress rate toward the full-year plan of 2.9 billion yen was 86.8%, also surpassing the five-year average of 70.3%.

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 drop 48.5% from the same period last year to 0.38 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 43.0% from the same period last year, reaching 0.72 billion yen. However, the operating profit margin remained almost flat, changing from 5.9% in the same period last year to 5.6%.

Kabutan News

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	25,052	1,694	1,801	965	37.3	73.0	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	29,821	2,095	2,064	764	29.6	73.6	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	36,273	2,704	2,518	885	34.2	86.8	Feb 10, 2025	J-GAAP
YoY	+21.6%	+29.1%	+22.0%	+15.8%	+15.8%

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	21,683	1,333	1,247	502	19.4	3	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	20,459	1,045	1,104	541	20.9	3	Nov 11, 2024	J-GAAP
YoY	-5.6%	-21.6%	-11.5%	+7.8%	+7.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	34,284	2,377	2,467	1,246	48.2	6	May 12, 2023	J-GAAP
Mar, 2024	41,090	2,814	2,806	1,114	43.1	6	May 14, 2024	J-GAAP
Mar, 2025 Guidance	44,500	3,060	2,900	1,130	43.7	6	May 14, 2024	J-GAAP
YoY	+8.3%	+8.7%	+3.3%	+1.4%	+1.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	10,414	614	505	152	5.9	5.9	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	11,269	719	742	350	13.5	6.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	11,711	799	835	354	13.7	6.8	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	12,330	1,216	961	235	9.1	9.9	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	12,232	689	722	296	11.4	5.6	Feb 10, 2025	J-GAAP
YoY	+17.5%	+12.2%	+43.0%	+94.7%	+94.6%