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Japan Property Management Center Co.,Ltd., July-September (3Q) Ordinary Profit Increases by 11%

Mon Nov 11, 2024 4:00 pm JST Earnings

3276 Japan Property Management Center Co.,Ltd. 【J-GAAP】

Earnings Report

Japan Property Management Center Co.,Ltd. <3276> [TSE-P] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 1.95 billion yen, a 0.6% decrease compared to the same period last year. The progress rate against the 2.7 billion yen full-year plan was 72.3%, also falling below the five-year average of 77.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow by 20.8% from the same period last year, reaching 748 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 10.7% from the same period last year, reaching 714 million yen. The operating profit margin improved from 4.5% in the same period last year to 4.9%.

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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
Jan - Sep, 2022 42,275 2,134 2,147 1,429 81.2 89.4 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 42,940 1,958 1,964 1,328 75.2 76.0 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 43,743 1,950 1,952 1,297 73.1 72.3 Nov 11, 2024 J-GAAP
YoY +1.9% -0.4% -0.6% -2.3% -2.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 28,845 1,263 1,264 917 51.8 25.50 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 31,245 1,464 1,462 1,081 61.6 27.50 Aug 7, 2024 J-GAAP
YoY +8.3% +15.9% +15.7% +17.9% +18.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 56,227 2,387 2,401 1,590 90.2 48 Feb 13, 2023 J-GAAP
Dec, 2023 57,353 2,576 2,583 1,817 102.7 51 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 60,400 2,700 2,700 1,900 108.3 55 Feb 13, 2024 J-GAAP
YoY +5.3% +4.8% +4.5% +4.6% +5.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 14,432 645 645 428 24.2 4.5 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 14,413 618 619 489 27.6 4.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 14,427 531 532 351 19.8 3.7 May 13, 2024 J-GAAP
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
YoY +1.1% +10.7% +10.7% +11.7% +11.2%

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