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HEIWA REAL ESTATE, Jul-Sep (2Q) Ordinary Profit Decreases by 7%

Fri Oct 31, 2025 12:30 pm JST Earnings

8803 HEIWA REAL ESTATE CO.,LTD. 【J-GAAP】

Earnings Report

HEIWA REAL ESTATE CO.,LTD. <8803> [TSE Prime] announced its financial results at noon (12:30) on October 31st. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 5.5% from the same period last year, reaching 4.83 billion yen. However, Progress toward the full-year plan of 11.7 billion yen was 41.3%, also falling below the five-year average of 56.4%.

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 October to March period (second half) is expected to decrease 2.8% from the same period last year to 6.86 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.71 billion yen, a 6.8% decrease compared to the same period last year. The operating profit margin decreased from 28.0% in the same period last year to 26.8%.

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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
Apr - Sep, 2023 28,191 9,254 8,574 6,659 93.0 74.8 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 18,761 5,254 4,581 3,431 50.2 39.3 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 21,820 5,766 4,831 4,347 65.1 41.3 Oct 31, 2025 J-GAAP
YoY +16.3% +9.7% +5.5% +26.7% +29.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 36 May 16, 2025 J-GAAP
Apr - Sep, 2025 Results 21,820 5,766 4,831 4,347 65.1 36 Oct 31, 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
Oct - Mar, 2024 23,314 7,942 7,070 6,134 90.8 54.50 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 27,180 8,134 6,869 5,353 80.1 52 Oct 31, 2025 J-GAAP
YoY +16.6% +2.4% -2.8% -12.7% -11.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 44,433 13,022 11,463 8,450 118.1 83 Apr 30, 2024 J-GAAP
Mar, 2025 42,075 13,196 11,651 9,565 141.6 86 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 49,000 13,900 11,700 9,700 145.2 88 May 16, 2025 J-GAAP
YoY +16.5% +5.3% +0.4% +1.4% +2.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 8,182 2,293 1,842 1,338 19.6 28.0 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 8,186 2,225 1,939 1,508 22.2 27.2 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 15,128 5,717 5,131 4,626 68.5 37.8 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 13,123 3,438 3,114 2,258 33.8 26.2 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 8,697 2,328 1,717 2,089 31.3 26.8 Oct 31, 2025 J-GAAP
YoY +6.3% +1.5% -6.8% +56.1% +59.8%

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