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TRE HOLDINGS CORPORATION, First Half Ordinary Profit Increases by 2.1 times, July-September Ordinary Profit Increases by 2.3 times

Thu Nov 14, 2024 3:30 pm JST Earnings

9247 TRE HOLDINGS CORPORATION 【J-GAAP】

Earnings Report

TRE HOLDINGS CORPORATION <9247> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.1 times that of the same period last year, reaching 6.72 billion yen. The progress rate against the 11.6 billion yen full-year plan was 57.9%, also surpassing the progress rate of 40.7% from the same period of the previous year.

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 grow by 5.6% from the same period last year, reaching 4.87 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.3 times that of the same period last year, reaching 4.27 billion yen. The operating profit margin drastically improved from 8.4% in the same period last year to 15.8%.

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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, 2022 44,210 3,094 3,137 2,250 43.8 41.3 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 44,490 3,167 3,166 2,007 39.1 40.7 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 53,671 6,896 6,722 4,357 85.0 57.9 Nov 14, 2024 J-GAAP
YoY +20.6% +117.7% +112.3% +117.1% +117.5%

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 53,600 6,800 6,600 4,200 83.1 20 Oct 15, 2024 J-GAAP
Apr - Sep, 2024 Results 53,671 6,896 6,722 4,357 85.0 20 Nov 14, 2024 J-GAAP
Revision Rate +0.1% +1.4% +1.8% +3.7% +2.4%

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 48,370 4,602 4,621 1,616 31.5 20 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 48,329 5,104 4,878 2,543 52.1 20 Nov 14, 2024 J-GAAP
YoY -0.1% +10.9% +5.6% +57.4% +65.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 90,712 7,509 7,600 5,197 101.2 40 May 15, 2023 J-GAAP
Mar, 2024 92,860 7,769 7,787 3,623 70.5 40 May 15, 2024 J-GAAP
Mar, 2025 Guidance 102,000 12,000 11,600 6,900 141.4 40 Oct 15, 2024 J-GAAP
YoY +9.8% +54.5% +49.0% +90.4% +100.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 22,430 1,893 1,822 1,066 20.8 8.4 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 24,192 2,167 2,051 1,412 27.5 9.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 24,178 2,435 2,570 204 4.0 10.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 25,873 2,513 2,452 1,551 30.2 9.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 27,798 4,383 4,270 2,806 54.8 15.8 Nov 14, 2024 J-GAAP
YoY +23.9% +131.5% +134.4% +163.2% +163.7%

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