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Forval RealStraight, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 33%, Oct-Dec Ordinary Profit Decreases by 70%

Fri Feb 14, 2025 12:00 pm JST Earnings

9423 Forval RealStraight Inc. 【J-GAAP】

Earnings Report

Forval RealStraight Inc. <9423> [TSE Std] announced its financial results at noon (12:00) on February 14th. The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 33.1% from the same period last year to 101 million yen. The progress rate toward the full-year plan of 190 million yen was 53.2%, also falling below the five-year average of 80.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to surge 4.7 times that of the same period last year, reaching 89 million yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit significantly dropped to 10 million yen, a 69.7% decrease compared to the same period last year. The operating profit margin drastically worsened from 4.5% in the same period last year to 1.5%.

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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 2,281 153 153 102 4.3 98.1 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 2,314 150 151 107 4.5 88.8 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 2,442 101 101 68 2.9 53.2 Feb 14, 2025 J-GAAP
YoY +5.5% -32.7% -33.1% -36.4% -36.2%

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 1,461 51 52 53 2.2 2.40 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー 99 99 66 2.7 2.60 Nov 14, 2024 J-GAAP
YoY － +94.1% +90.4% +24.5% +23.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,975 156 156 112 4.7 2.20 May 12, 2023 J-GAAP
Mar, 2024 3,066 169 170 130 5.4 2.40 May 13, 2024 J-GAAP
Mar, 2025 Guidance ー 190 190 120 5.0 2.60 May 13, 2024 J-GAAP
YoY － +12.4% +11.8% -7.7% -8.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 709 32 33 30 1.3 4.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 752 19 19 23 1.0 2.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 948 70 70 41 1.7 7.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 811 21 21 13 0.5 2.6 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 683 10 10 14 0.6 1.5 Feb 14, 2025 J-GAAP
YoY -3.7% -68.8% -69.7% -53.3% -52.8%

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