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CRE, First Half Ordinary Profit Increases by 3.1 times

Tue Mar 11, 2025 3:30 pm JST Earnings

3458 CRE, Inc. 【J-GAAP】

Earnings Report

CRE, Inc. <3458> [TSE Prime] announced its financial results after the market closed on March 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending July 2025 (August 2024 to January 2025) surged 3.1 times that of the same period last year, reaching 2.19 billion yen. However, the progress rate toward the full-year plan of 7.93 billion yen was 27.7%, also falling below the five-year average of 38.6%.

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 February to July period (2H) is expected to decrease 6.3% from the same period last year to 5.73 billion yen.

In the most recent three-month period, from November to January (2Q), the consolidated ordinary profit grew 13.5% from the same period last year, reaching 1.3 billion yen. The operating profit margin drastically improved from 8.1% in the same period last year to 16.8%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Aug - Jan, 2022 13,575 497 189 7 0.3 2.8 Mar 15, 2023 J-GAAP
Aug - Jan, 2023 23,491 1,291 700 370 12.6 10.3 Mar 14, 2024 J-GAAP
Aug - Jan, 2024 22,585 3,031 2,199 1,413 48.1 27.7 Mar 11, 2025 J-GAAP
YoY -3.9% +134.8% +214.1% +281.9% +280.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2024 Guidance ー ー ー ー － 0 Sep 13, 2024 J-GAAP
Aug - Jan, 2024 Results 22,585 3,031 2,199 1,413 48.1 0 Mar 11, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 43,410 6,754 6,116 3,971 135.5 50 Sep 13, 2024 J-GAAP
Feb - Jul, 2025 Guidance 53,065 6,899 5,731 3,587 122.1 0 Mar 11, 2025 J-GAAP
YoY +22.2% +2.1% -6.3% -9.7% -9.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 52,159 7,147 6,697 4,387 149.4 25 Sep 13, 2023 J-GAAP
Jul, 2024 66,901 8,045 6,816 4,341 148.1 75 Sep 13, 2024 J-GAAP
Jul, 2025 Guidance 75,650 9,930 7,930 5,000 170.2 0 Jan 28, 2025 J-GAAP
YoY +13.1% +23.4% +16.3% +15.2% +14.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2023 16,957 1,376 1,148 793 27.1 8.1 Mar 14, 2024 J-GAAP
Feb - Apr, 2024 6,669 -98 -389 -345 -12.1 -1.5 Jun 12, 2024 J-GAAP
May - Jul, 2024 36,741 6,852 6,505 4,316 147.3 18.6 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 11,458 1,166 896 585 20.0 10.2 Dec 12, 2024 J-GAAP
Nov - Jan, 2024 11,127 1,865 1,303 828 28.2 16.8 Mar 11, 2025 J-GAAP
YoY -34.4% +35.5% +13.5% +4.4% +4.1%

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