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Japan Property Management Center, First Half Ordinary Profit Unexpectedly Revised Upward by 17%, Current Fiscal Year Dividend Revised Upward by 2 Yen
3276 Japan Property Management Center Co.,Ltd. 【J-GAAP】
Earnings ReportJapan Property Management Center Co.,Ltd. <3276> [TSE Prime] announced its financial results after the market closed on August 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) increased 16.7% from the same period last year, reaching 1.44 billion yen, resulting in an increase in profits compared to the previous forecast of a 0.6% decrease.
Progress toward the full-year plan of 2.55 billion yen was 56.7%, also surpassing the five-year average of 50.8%.
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 July to December period (second half) is expected to decrease 25.8% from the same period last year to 1.10 billion yen.
At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 58 yen to 60 yen (compared to 55 yen in the previous period).
In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit amounted to 0.72 billion yen, an increase of 2.8% compared to the same period last year. The operating profit margin remained almost flat, changing from 4.8% in the same period last year to 4.9%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2023 | 28,508 | 1,313 | 1,319 | 900 | 51.0 | 51.1 | Aug 7, 2023 | J-GAAP |
| Jan - Jun, 2024 | 29,155 | 1,236 | 1,238 | 819 | 46.2 | 45.4 | Aug 7, 2024 | J-GAAP |
| Jan - Jun, 2025 | 29,221 | 1,444 | 1,445 | 966 | 57.2 | 56.7 | Aug 8, 2025 | J-GAAP |
| YoY | +0.2% | +16.8% | +16.7% | +17.9% | +23.8% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 Guidance | 29,600 | 1,230 | 1,230 | 815 | 49.0 | 29 | Feb 12, 2025 | J-GAAP |
| Jan - Jun, 2025 Results | 29,221 | 1,444 | 1,445 | 966 | 57.2 | 29 | Aug 8, 2025 | J-GAAP |
| Revision Rate | -1.3% | +17.4% | +17.5% | +18.5% | +16.9% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2025 Prev | 60,000 | 2,550 | 2,550 | 1,690 | 101.1 | 58 | Feb 12, 2025 | J-GAAP |
| Dec, 2025 New | 60,000 | 2,550 | 2,550 | 1,690 | 101.1 | 60 | Aug 8, 2025 | J-GAAP |
| Revision Rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2024 | 29,832 | 1,486 | 1,489 | 1,012 | 57.1 | 27.50 | Feb 12, 2025 | J-GAAP |
| Jul - Dec, 2025 Guidance | 30,779 | 1,106 | 1,105 | 724 | 43.3 | 31 | Aug 8, 2025 | J-GAAP |
| YoY | +3.2% | -25.6% | -25.8% | -28.5% | -24.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2023 | 57,353 | 2,576 | 2,583 | 1,817 | 102.7 | 51 | Feb 13, 2024 | J-GAAP |
| Dec, 2024 | 58,987 | 2,722 | 2,727 | 1,831 | 103.3 | 55 | Feb 12, 2025 | J-GAAP |
| Dec, 2025 Guidance | 60,000 | 2,550 | 2,550 | 1,690 | 101.1 | 60 | Aug 8, 2025 | J-GAAP |
| YoY | +1.7% | -6.3% | -6.5% | -7.7% | -2.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Jun, 2024 | 14,728 | 705 | 706 | 468 | 26.4 | 4.8 | Aug 7, 2024 | J-GAAP |
| Jul - Sep, 2024 | 14,588 | 714 | 714 | 478 | 26.9 | 4.9 | Nov 11, 2024 | J-GAAP |
| Oct - Dec, 2024 | 15,244 | 772 | 775 | 534 | 30.1 | 5.1 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 14,465 | 716 | 719 | 514 | 30.1 | 4.9 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 14,756 | 728 | 726 | 452 | 26.8 | 4.9 | Aug 8, 2025 | J-GAAP |
| YoY | +0.2% | +3.3% | +2.8% | -3.4% | +1.4% |
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