YOKOHAMA REITO, Oct-Dec (1Q) Ordinary Profit Decreases by 50%

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Fri Feb 14, 2025 1:00 pm JST Earnings

2874 YOKOHAMA REITO CO.,LTD. 【J-GAAP】

Earnings Report

YOKOHAMA REITO CO.,LTD. <2874> [TSE Prime] announced its financial results in the afternoon session on February 14th (13:00). The consolidated ordinary profit for the first quarter of the fiscal year ending September 2025 (October to December) dropped 49.6% from the same period last year to 0.85 billion yen. The progress rate toward the plan for the six months ending March (1H) of 2.1 billion yen was 40.5%, also falling below the five-year average of 68.1%.

In the most recent three-month period, from October to December (1Q), the operating profit margin remained almost flat, changing from 5.3% in the same period last year to 5.4%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Oct - Dec, 2022	31,338	1,079	1,312	746	12.7	65.9	Feb 13, 2023	J-GAAP
Oct - Dec, 2023	32,571	1,716	1,687	1,260	21.9	91.2	Feb 13, 2024	J-GAAP
Oct - Dec, 2024	33,758	1,811	850	134	2.3	40.5	Feb 14, 2025	J-GAAP
YoY	+3.6%	+5.5%	-49.6%	-89.4%	-89.6%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	59,997	2,719	1,849	1,101	27.9	12	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	68,000	2,200	2,100	1,400	23.7	12	Nov 14, 2024	J-GAAP
YoY	+13.3%	-19.1%	+13.6%	+27.2%	-15.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	125,598	3,588	4,133	-10,731	-182.5	24	Nov 14, 2023	J-GAAP
Sep, 2024	122,282	4,647	4,808	3,933	66.8	24	Nov 14, 2024	J-GAAP
Sep, 2025 Guidance	127,000	4,250	4,150	2,800	47.5	24	Nov 14, 2024	J-GAAP
YoY	+3.9%	-8.5%	-13.7%	-28.8%	-28.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	32,571	1,716	1,687	1,260	21.9	5.3	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	27,426	1,003	162	-159	-4.0	3.7	May 14, 2024	J-GAAP
Apr - Jun, 2024	31,171	1,325	1,050	564	9.6	4.3	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	31,114	603	1,909	2,268	38.5	1.9	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	33,758	1,811	850	134	2.3	5.4	Feb 14, 2025	J-GAAP
YoY	+3.6%	+5.5%	-49.6%	-89.4%	-89.6%