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SRE Holdings, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 7%, Oct-Dec Ordinary Profit Decreases by 88%

Thu Feb 6, 2025 3:30 pm JST Earnings

2980 SRE Holdings Corporation 【J-GAAP】

Earnings Report

SRE Holdings Corporation <2980> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 6.7% from the same period last year to 1.3 billion yen. The progress rate toward the full-year plan of 2.9 billion yen was 44.8%, also falling below the five-year average of 59.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to surge 2.4 times that of the same period last year, reaching 1.6 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.1 billion yen, a 87.8% decrease compared to the same period last year. The operating profit margin sharply declined from 17.0% in the same period last year to 3.6%.

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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 10,210 1,067 962 791 49.0 62.5 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 12,797 1,510 1,393 932 57.6 67.7 Jan 29, 2024 J-GAAP
Apr - Dec, 2024 14,413 1,444 1,300 636 39.6 44.8 Feb 6, 2025 J-GAAP
YoY +12.6% -4.4% -6.7% -31.8% -31.3%

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 16,718 1,604 1,524 1,020 63.1 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 16,848 1,761 1,705 1,187 73.7 0 Nov 11, 2024 J-GAAP
YoY +0.8% +9.8% +11.9% +16.4% +16.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 18,541 1,686 1,540 1,148 71.1 0 May 10, 2023 J-GAAP
Mar, 2024 24,218 2,212 2,058 1,388 85.8 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 27,000 3,050 2,900 1,850 114.9 0 May 14, 2024 J-GAAP
YoY +11.5% +37.9% +40.9% +33.3% +33.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 5,297 902 859 564 34.9 17.0 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 11,421 702 665 456 28.2 6.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 5,067 851 815 497 30.9 16.8 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 5,085 438 380 166 10.3 8.6 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 4,261 155 105 -27 -1.7 3.6 Feb 6, 2025 J-GAAP
YoY -19.6% -82.8% -87.8% － －

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