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TRUST, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 22%, Oct-Dec Ordinary Profit Increases by 43%

Mon Feb 10, 2025 4:00 pm JST Earnings

3347 TRUST CO., LTD. 【J-GAAP】

Earnings Report

TRUST CO., LTD. <3347> [TSE Std] announced its financial results after the market closed on February 10th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 22.0% from the same period last year, reaching 2.51 billion yen. The progress rate toward the full-year plan of 2.9 billion yen was 86.8%, also surpassing the five-year average of 70.3%.

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 drop 48.5% from the same period last year to 0.38 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 43.0% from the same period last year, reaching 0.72 billion yen. However, the operating profit margin remained almost flat, changing from 5.9% in the same period last year to 5.6%.

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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 25,052 1,694 1,801 965 37.3 73.0 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 29,821 2,095 2,064 764 29.6 73.6 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 36,273 2,704 2,518 885 34.2 86.8 Feb 10, 2025 J-GAAP
YoY +21.6% +29.1% +22.0% +15.8% +15.8%

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 21,683 1,333 1,247 502 19.4 3 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 20,459 1,045 1,104 541 20.9 3 Nov 11, 2024 J-GAAP
YoY -5.6% -21.6% -11.5% +7.8% +7.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 34,284 2,377 2,467 1,246 48.2 6 May 12, 2023 J-GAAP
Mar, 2024 41,090 2,814 2,806 1,114 43.1 6 May 14, 2024 J-GAAP
Mar, 2025 Guidance 44,500 3,060 2,900 1,130 43.7 6 May 14, 2024 J-GAAP
YoY +8.3% +8.7% +3.3% +1.4% +1.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 10,414 614 505 152 5.9 5.9 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 11,269 719 742 350 13.5 6.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 11,711 799 835 354 13.7 6.8 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 12,330 1,216 961 235 9.1 9.9 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 12,232 689 722 296 11.4 5.6 Feb 10, 2025 J-GAAP
YoY +17.5% +12.2% +43.0% +94.7% +94.6%

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