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CENTURY21 REAL ESTATE OF JAPAN LTD., First Half Ordinary Profit Increases by 30%, July-September Ordinary Profit Increases by 32%

Thu Oct 31, 2024 4:00 pm JST Earnings

8898 CENTURY21 REAL ESTATE OF JAPAN LTD. 【J-GAAP】

Earnings Report

CENTURY21 REAL ESTATE OF JAPAN LTD. <8898> [TSE-S] announced its financial results after the market closed on October 31st (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 29.7% from the same period last year, reaching 650 million yen. The progress rate against the 1.02 billion yen full-year plan was 63.7%, also surpassing the five-year average of 52.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 23.5% from the same period last year to 371 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 31.5% from the same period last year, reaching 338 million yen. The operating profit margin rose from 25.5% in the same period last year to 32.2%.

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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, 2022 1,842 425 446 302 29.1 48.2 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 1,877 481 501 335 32.2 50.8 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 2,016 627 650 445 43.4 63.7 Oct 31, 2024 J-GAAP
YoY +7.4% +30.4% +29.7% +32.8% +34.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 20 Apr 30, 2024 J-GAAP
Apr - Sep, 2024 Results 2,016 627 650 445 43.4 20 Oct 31, 2024 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, 2023 1,973 455 485 339 32.6 25 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,966 350 371 255 24.9 25 Oct 31, 2024 J-GAAP
YoY -0.4% -23.1% -23.5% -24.8% -23.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,797 875 925 652 62.6 45 Apr 28, 2023 J-GAAP
Mar, 2024 3,850 936 986 674 64.9 45 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 3,982 977 1,021 700 68.2 45 Apr 30, 2024 J-GAAP
YoY +3.4% +4.4% +3.5% +3.9% +5.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 935 238 257 174 16.7 25.5 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 993 289 295 201 19.3 29.1 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 980 166 190 138 13.3 16.9 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 1,028 309 312 214 20.9 30.1 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 988 318 338 231 22.6 32.2 Oct 31, 2024 J-GAAP
YoY +5.7% +33.6% +31.5% +32.8% +34.8%

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