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Relo Group, The Current Fiscal Year Net Income Revised Upward by 21%, Exceeded Record Profit Forecast

Thu Feb 13, 2025 3:30 pm JST Earnings

8876 Relo Group, Inc. 【IFRS】

Earnings Report

Relo Group, Inc. <8876> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 13th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.9 times that of the same period last year, reaching 37.2 billion yen.

In addition, the full-year consolidated net income has been revised upward 21.2%, from the previous forecast of 33 billion yen to 40 billion yen (compared to a loss of 27.8 billion yen in the previous period). The company has further increased its previous forecast of record profits for the first time in two years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) is expected to increase 251 times, from the previous forecast of 0.02 billion yen to 7.02 billion yen (compared to a loss of 36.6 billion yen in the same period of the previous year).

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 13.0% from the same period last year, reaching 4.3 billion yen. However, the operating profit margin remained almost flat, changing from 17.5% in the same period last year to 17.4%.

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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 89,082 17,363 19,733 17,571 114.9 76.3 Feb 9, 2023 IFRS
Apr - Dec, 2023 94,429 17,985 18,557 12,638 82.7 ー Feb 8, 2024 IFRS
Apr - Dec, 2024 104,819 21,714 43,992 37,279 246.2 86.3 Feb 13, 2025 IFRS
YoY +11.0% +20.7% +137.1% +195.0% +197.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 69,927 14,336 10,101 28 0.2 42 Nov 7, 2024 IFRS
Oct - Mar, 2024 New 69,927 14,336 13,101 7,028 47.0 42 Feb 13, 2025 IFRS
Revision Rate 0.0% 0.0% +29.7% +25,000.0% +24,610.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 140,000 30,000 48,000 33,000 220.5 42 May 9, 2024 IFRS
Mar, 2025 New 140,000 30,000 51,000 40,000 267.2 42 Feb 13, 2025 IFRS
Revision Rate 0.0% 0.0% +6.3% +21.2% +21.2%

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 69,391 15,087 -32,447 -36,633 -239.7 37 May 9, 2024 IFRS
Oct - Mar, 2024 Guidance 69,927 14,336 13,101 7,028 47.0 42 Feb 13, 2025 IFRS
YoY +0.8% -5.0% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 123,698 22,747 25,869 20,887 136.6 33 May 11, 2023 IFRS
Mar, 2024 132,580 27,611 -19,404 -27,807 -181.9 37 May 9, 2024 IFRS
Mar, 2025 Guidance 140,000 30,000 51,000 40,000 267.2 42 Feb 13, 2025 IFRS
YoY +5.6% +8.7% － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 31,240 5,461 5,514 3,812 24.9 17.5 Feb 8, 2024 IFRS
Jan - Mar, 2024 38,151 9,626 -37,961 -40,445 -264.6 25.2 May 9, 2024 IFRS
Apr - Jun, 2024 34,626 7,046 26,205 24,043 157.3 20.3 Aug 8, 2024 IFRS
Jul - Sep, 2024 35,447 8,618 11,694 8,929 58.6 24.3 Nov 7, 2024 IFRS
Oct - Dec, 2024 34,746 6,050 6,093 4,307 28.4 17.4 Feb 13, 2025 IFRS
YoY +11.2% +10.8% +10.5% +13.0% +14.0%

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