Relo Group, The Current Fiscal Year Net Income Revised Upward by 21%, Exceeded Record Profit Forecast

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Feb 13, 2025 3:30 pm JST Earnings

8876 Relo Group, Inc. 【IFRS】

Earnings Report

Relo Group, Inc. <8876> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 13th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.9 times that of the same period last year, reaching 37.2 billion yen.

In addition, the full-year consolidated net income has been revised upward 21.2%, from the previous forecast of 33 billion yen to 40 billion yen (compared to a loss of 27.8 billion yen in the previous period). The company has further increased its previous forecast of record profits for the first time in two years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) is expected to increase 251 times, from the previous forecast of 0.02 billion yen to 7.02 billion yen (compared to a loss of 36.6 billion yen in the same period of the previous year).

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 13.0% from the same period last year, reaching 4.3 billion yen. However, the operating profit margin remained almost flat, changing from 17.5% in the same period last year to 17.4%.

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	89,082	17,363	19,733	17,571	114.9	76.3	Feb 9, 2023	IFRS
Apr - Dec, 2023	94,429	17,985	18,557	12,638	82.7	ー	Feb 8, 2024	IFRS
Apr - Dec, 2024	104,819	21,714	43,992	37,279	246.2	86.3	Feb 13, 2025	IFRS
YoY	+11.0%	+20.7%	+137.1%	+195.0%	+197.7%

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	69,927	14,336	10,101	28	0.2	42	Nov 7, 2024	IFRS
Oct - Mar, 2024 New	69,927	14,336	13,101	7,028	47.0	42	Feb 13, 2025	IFRS
Revision Rate	0.0%	0.0%	+29.7%	+25,000.0%	+24,610.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	140,000	30,000	48,000	33,000	220.5	42	May 9, 2024	IFRS
Mar, 2025 New	140,000	30,000	51,000	40,000	267.2	42	Feb 13, 2025	IFRS
Revision Rate	0.0%	0.0%	+6.3%	+21.2%	+21.2%

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	69,391	15,087	-32,447	-36,633	-239.7	37	May 9, 2024	IFRS
Oct - Mar, 2024 Guidance	69,927	14,336	13,101	7,028	47.0	42	Feb 13, 2025	IFRS
YoY	+0.8%	-5.0%	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	123,698	22,747	25,869	20,887	136.6	33	May 11, 2023	IFRS
Mar, 2024	132,580	27,611	-19,404	-27,807	-181.9	37	May 9, 2024	IFRS
Mar, 2025 Guidance	140,000	30,000	51,000	40,000	267.2	42	Feb 13, 2025	IFRS
YoY	+5.6%	+8.7%	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	31,240	5,461	5,514	3,812	24.9	17.5	Feb 8, 2024	IFRS
Jan - Mar, 2024	38,151	9,626	-37,961	-40,445	-264.6	25.2	May 9, 2024	IFRS
Apr - Jun, 2024	34,626	7,046	26,205	24,043	157.3	20.3	Aug 8, 2024	IFRS
Jul - Sep, 2024	35,447	8,618	11,694	8,929	58.6	24.3	Nov 7, 2024	IFRS
Oct - Dec, 2024	34,746	6,050	6,093	4,307	28.4	17.4	Feb 13, 2025	IFRS
YoY	+11.2%	+10.8%	+10.5%	+13.0%	+14.0%