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YOKOHAMA REITO, First Half Ordinary Profit Increases by 41%

Thu May 15, 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 May 15th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) expanded 2.6 billion yen, an increase 40.8% compared to the same period last year, exceeded the previous forecast of 2.1 billion yen.

The progress rate toward the full-year plan of 4.15 billion yen was 62.7%, also surpassing the five-year average of 58.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the April to September period (2H) is expected to drop 47.8% from the same period last year to 1.54 billion yen.

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit surged 11 times that of the same period last year, reaching 1.75 billion yen. The operating profit margin improved from 3.7% in the same period last year to 4.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Oct - Mar, 2022 58,927 1,615 1,992 1,190 20.2 48.2 May 15, 2023 J-GAAP
Oct - Mar, 2023 59,997 2,719 1,849 1,101 27.9 38.5 May 14, 2024 J-GAAP
Oct - Mar, 2024 63,425 3,042 2,604 1,670 28.3 62.7 May 15, 2025 J-GAAP
YoY +5.7% +11.9% +40.8% +51.7% +1.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance 68,000 2,200 2,100 1,400 23.7 12 Nov 14, 2024 J-GAAP
Oct - Mar, 2024 Results 63,425 3,042 2,604 1,670 28.3 12 May 15, 2025 J-GAAP
Revision Rate -6.7% +38.3% +24.0% +19.3% +19.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 62,285 1,928 2,959 2,832 48.1 12 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 Guidance 63,575 1,208 1,546 1,130 19.2 12 May 15, 2025 J-GAAP
YoY +2.1% -37.3% -47.8% -60.1% -60.2%

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
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
Jan - Mar, 2025 29,667 1,231 1,754 1,536 26.1 4.1 May 15, 2025 J-GAAP
YoY +8.2% +22.7% +982.7%

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