FY2022.10 2Q
Financial Results
November 1, 2021 - April 30, 2022
June 14, 2022 (Securities code:3491)
Our Ambition
- Our Ambition and purpose is to inspire and impress people with the power of technology and innovation. To achieve this goal, we must tackle the big unsolved issues.
-
Based on our ambition, we will solve social problems through our business activities by bringing technology into the world of housing (real
estate), which is the least developed of the three essential areas of life, apart from food and clothing.
2
Revision of results forecast
Revision to results forecast for the fiscal year ending October 2022
- Upwardly revised results forecast for the fiscal year ending October 2022.
- Revenue remains the same : considering the balance between top-line growth and profits in online transactions at RENOSY Marketplace, the Company is concentrating resources on highly profitable products, and expects that sales growth will be limited to its profit growth.
Revenue
Deferred
110,000
(million yen)
FY2022.10
Forecast
Gross Profit
Upward revision
16%
15,250
13,200
〜〜(million yen)
FY2022.10 FY2022.10
Forecast Upward revision
EBITDA | Operating Profit | ||
Upward revision | Upward revision | ||
18% | 777% | ||
4,700 | 500 | ||
4,000
〜 | 〜(million yen) | 57 | |||||
(million yen) | |||||||
FY2022.10 | FY2022.10 | FY2022.10 | |||||
FY2022.10 | |||||||
Forecast | Upward | Forecast | Upward | ||||
revision | revision |
3
FY2022.10 Full-Year Consolidated Results and Earnings Forecast by Segment
By Segment | (million yen) | ||||||
FY2022.10 2Q | After Results | After Results | |||||
FY2022.10 | Revision | ||||||
FY2021.10 | After Results | Revision | |||||
Initial forecast | Initial plan | ||||||
(IFRS) | ① | Revision | YoY changes | ||||
(IFRS)② | YoY changes | ||||||
(IFRS)③ | (③/① - 1)*1 | ||||||
(③/② - 1) *1 | |||||||
Revenue | 73,095 | 107,261 | 107,261 | +47% | − | ||
RENOSY | |||||||
Gross Profit | 9,121 | 11,837 | 13,418 | +47% | +13% | ||
Marketplace | |||||||
Sector Profit | 2,879 | 3,109 | 3,663 | +27% | +18% | ||
Revenue | 1,170 | 1,691 | 1,810 | +55% | +7% | ||
ITANDI | Gross Profit | 934 | 1,340 | 1,504 | +61% | +12% | |
Sector Profit | 1 | ▲152 | 113 | +11,200% | − | ||
Note: 1. Calculated based on the figures on the matrix | 4 |
Reasons for revisions to results forecast
-
Revenues and costs improved
due to selection and concentration of RENOSY Marketplace and ITANDI business from the same period prior year. - In RENOSY Marketplace, in addition to the effects of various commission improvement measures that has been implemented, profit improved through management integration with Ricordi, which was announced to have integrated in December 2021.
- In ITANDI, the number of acquired companies increased due to the high evaluation of products and services, in addition to the increased market needs and inquiries ahead of the enforcement of the revised Real Estate Brokerage Act, and Monthly Recurring Revenue (MRR) improved.
RENOSY Marketplace
Successful selection and
concentration of businesses and measures to improve commissions
- Business selection and concentration
- Improved profitability and costs by selecting and concentrating on profitable businesses
(2) Commission improvement measures
- Strengthened procurement directly from owners through seller DX
- Expansion of product lineup
- Provision of ancillary services to RENOSY members
- Effect of acquisition of management rights of Ricordi
- Increased performance (hit PL since March 2022)
- Expansion of product lineup
- Increase in market share
- Improvement in commissions
Note: 1. Small and Medium Business
ITANDI
Improved MRR driven by growing market needs
(1) SaaS for management company
- Increase in utilization rate due to increased recognition of ITANDI BB
- With enforcement of the revised Real
Estate Brokerage Act, the response
*1
from SMBs is increasing.
(2) SaaS for real estate agencies
- Enhancement of collaboration with ITANDI BB to improve functions
- Enhanced service reputation and increased SMB acquisition
5
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