Forval RealStraight, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 33%, Oct-Dec Ordinary Profit Decreases by 70%

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Fri Feb 14, 2025 12:00 pm JST Earnings

9423 Forval RealStraight Inc. 【J-GAAP】

Earnings Report

Forval RealStraight Inc. <9423> [TSE Std] announced its financial results at noon (12:00) on February 14th. The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 33.1% from the same period last year to 101 million yen. The progress rate toward the full-year plan of 190 million yen was 53.2%, also falling below the five-year average of 80.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to surge 4.7 times that of the same period last year, reaching 89 million yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit significantly dropped to 10 million yen, a 69.7% decrease compared to the same period last year. The operating profit margin drastically worsened from 4.5% in the same period last year to 1.5%.

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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	2,281	153	153	102	4.3	98.1	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	2,314	150	151	107	4.5	88.8	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	2,442	101	101	68	2.9	53.2	Feb 14, 2025	J-GAAP
YoY	+5.5%	-32.7%	-33.1%	-36.4%	-36.2%

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	1,461	51	52	53	2.2	2.40	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	99	99	66	2.7	2.60	Nov 14, 2024	J-GAAP
YoY	－	+94.1%	+90.4%	+24.5%	+23.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,975	156	156	112	4.7	2.20	May 12, 2023	J-GAAP
Mar, 2024	3,066	169	170	130	5.4	2.40	May 13, 2024	J-GAAP
Mar, 2025 Guidance	ー	190	190	120	5.0	2.60	May 13, 2024	J-GAAP
YoY	－	+12.4%	+11.8%	-7.7%	-8.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	709	32	33	30	1.3	4.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	752	19	19	23	1.0	2.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	948	70	70	41	1.7	7.4	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	811	21	21	13	0.5	2.6	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	683	10	10	14	0.6	1.5	Feb 14, 2025	J-GAAP
YoY	-3.7%	-68.8%	-69.7%	-53.3%	-52.8%