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Open House, First Half Ordinary Profit Increases by 23%, Jan-Mar Ordinary Profit Increases by 42%
3288 Open House Group Co., Ltd. 【J-GAAP】
Earnings ReportOpen House Group Co., Ltd. <3288> [TSE Prime] announced its financial results after the market closed on May 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) increased 22.7% from the same period last year, reaching 71.5 billion yen. The progress rate toward the full-year plan of 137 billion yen was 52.1%, also surpassing the five-year average of 44.8%.
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 April to September period (2H) is expected to grow 6.4% from the same period last year, reaching 65.9 billion yen.
In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit increased 41.7% from the same period last year, reaching 36.9 billion yen. The operating profit margin significantly improved from 7.7% in the same period last year to 12.0%.
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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 |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2022 | 541,794 | 69,650 | 67,536 | 44,452 | 368.9 | 49.3 | May 15, 2023 | J-GAAP |
| Oct - Mar, 2023 | 602,756 | 55,723 | 58,322 | 51,902 | 433.1 | 48.5 | May 15, 2024 | J-GAAP |
| Oct - Mar, 2024 | 643,433 | 73,776 | 71,586 | 46,595 | 400.9 | 52.1 | May 14, 2025 | J-GAAP |
| YoY | +6.7% | +32.4% | +22.7% | -10.2% | -7.4% |
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 | 636,700 | 72,000 | 71,000 | 46,500 | 402.2 | 84 | Mar 31, 2025 | J-GAAP |
| Oct - Mar, 2024 Results | 643,433 | 73,776 | 71,586 | 46,595 | 400.9 | 84 | May 14, 2025 | J-GAAP |
| Revision Rate | +1.1% | +2.5% | +0.8% | +0.2% | -0.3% |
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 | 693,106 | 63,365 | 61,961 | 41,019 | 345.5 | 83 | Nov 14, 2024 | J-GAAP |
| Apr - Sep, 2025 Guidance | 666,567 | 69,224 | 65,914 | 53,405 | 474.6 | 94 | May 14, 2025 | J-GAAP |
| YoY | -3.8% | +9.2% | +6.4% | +30.2% | +37.4% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep, 2023 | 1,148,484 | 142,330 | 136,927 | 92,050 | 763.7 | 164 | Nov 14, 2023 | J-GAAP |
| Sep, 2024 | 1,295,862 | 119,088 | 120,283 | 92,921 | 782.6 | 166 | Nov 14, 2024 | J-GAAP |
| Sep, 2025 Guidance | 1,310,000 | 143,000 | 137,500 | 100,000 | 888.8 | 178 | Mar 31, 2025 | J-GAAP |
| YoY | +1.1% | +20.1% | +14.3% | +7.6% | +13.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2024 | 297,910 | 23,080 | 26,060 | 18,908 | 157.8 | 7.7 | May 15, 2024 | J-GAAP |
| Apr - Jun, 2024 | 292,300 | 25,064 | 25,736 | 16,663 | 139.7 | 8.6 | Aug 13, 2024 | J-GAAP |
| Jul - Sep, 2024 | 400,806 | 38,301 | 36,225 | 24,356 | 205.1 | 9.6 | Nov 14, 2024 | J-GAAP |
| Oct - Dec, 2024 | 316,131 | 34,352 | 34,653 | 22,920 | 196.7 | 10.9 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 327,302 | 39,424 | 36,933 | 23,675 | 203.7 | 12.0 | May 14, 2025 | J-GAAP |
| YoY | +9.9% | +70.8% | +41.7% | +25.2% | +29.1% |
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