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YOKOHAMA REITO CO.,LTD., 14% Increase in Ordinary Profit for The Current Fiscal Year

Thu Nov 14, 2024 3:30 pm JST Earnings

2874 YOKOHAMA REITO CO.,LTD. 【J-GAAP】

Earnings Report

YOKOHAMA REITO CO.,LTD. <2874> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the fiscal year ending September 2024 decreased by 13.6% from the previous period to 3.63 billion yen. For the fiscal year ending September 2025, the profit is expected to grow by 14.2% to 4.15 billion yen.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit/loss turned to a loss of 319 million yen (compared to a profit of 784 million yen in the same period last year). The operating profit/loss margin drastically worsened from 2.6% in the same period last year to -0.5%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2022 110,761 4,158 4,999 3,317 56.3 23 Nov 14, 2022 J-GAAP
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
YoY -2.6% +29.5% +16.3% － －

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 Guidance 139,000 4,550 4,750 3,050 51.8 24 Nov 14, 2023 J-GAAP
Sep, 2024 Results 122,282 4,647 4,808 3,933 66.8 24 Nov 14, 2024 J-GAAP
Revision Rate -12.0% +2.1% +1.2% +29.0% +29.1%

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
Jul - Sep, 2023 33,269 858 714 -13,055 -222.1 2.6 Nov 14, 2023 J-GAAP
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
YoY -6.5% -29.7% +167.4% － －

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