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JAPAN RELIANCE SERVICE, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 6%, Oct-Dec Ordinary Profit Decreases by 71%

Thu Feb 13, 2025 3:45 pm JST Earnings

4664 JAPAN RELIANCE SERVICE CORPORATION 【J-GAAP】

Earnings Report

JAPAN RELIANCE SERVICE CORPORATION <4664> [TSE Std] announced its financial results after the market closed on February 13th (15:45). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 5.8% from the same period last year to 262 million yen. However, the progress rate toward the full-year plan of 287 million yen was 91.3%, also surpassing the five-year average of 79.7%.

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 grow 13.6% from the same period last year, reaching 25 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 12 million yen, a 71.4% decrease compared to the same period last year. The operating profit margin worsened from 2.1% in the same period last year to 0.7%.

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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 4,528 177 183 119 41.3 92.4 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 6,086 259 278 232 79.6 92.7 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 6,848 256 262 168 58.1 91.3 Feb 13, 2025 J-GAAP
YoY +12.5% -1.2% -5.8% -27.6% -27.1%

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 3,883 65 64 87 29.9 13 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,832 38 37 35 12.3 17 Nov 13, 2024 J-GAAP
YoY -1.3% -41.5% -42.2% -59.8% -58.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,028 191 198 128 44.2 15 May 11, 2023 J-GAAP
Mar, 2024 8,097 284 300 245 84.1 20 May 13, 2024 J-GAAP
Mar, 2025 Guidance 8,914 282 287 197 69.1 24 Nov 13, 2024 J-GAAP
YoY +10.1% -0.7% -4.3% -19.6% -17.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,872 40 42 74 25.4 2.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,011 25 22 13 4.5 1.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,941 74 77 47 16.0 3.8 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 3,141 170 173 115 39.5 5.4 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 1,766 12 12 6 2.1 0.7 Feb 13, 2025 J-GAAP
YoY -5.7% -70.0% -71.4% -91.9% -91.9%

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