Relo Group (8876) Q3 2025 earnings summary

Executive summary

• Revenue and net income grew significantly year-over-year, driven by core business expansion and major gains from asset and equity-method investment sales.

• Operating profit rose double digits, even when excluding one-time gains from asset sales.

• All major business segments—Relocation, Fringe Benefits, and Tourism—reported revenue and profit growth.

Financial highlights

• FY2024/12 revenue: 104,819 million yen (+11.0% YoY); operating profit: 21,714 million yen (+20.7% YoY).

• Net income: 37,279 million yen (+195.0% YoY), including gains from asset and share sales; excluding these, net income rose 22.6% YoY.

• Profit before income taxes: 43,992 million yen (+137.1% YoY); adjusted: 22,211 million yen (+19.7% YoY).

• Basic earnings per share for the period was 246.16 yen, up from 82.69 yen year-over-year.

• Cash and cash equivalents at period end increased to 63,206 million yen, up 13,722 million yen from the previous fiscal year end.

Outlook and guidance

• FY2025/3 revenue forecast maintained at 140,000 million yen; operating profit at 30,000 million yen.

• Net income forecast revised upward to 40,000 million yen (+7,000 million yen); profit before income taxes to 51,000 million yen (+3,000 million yen).

• Basic earnings per share for the full year is projected at 262.67 yen.

• Dividend for FY2024/3: 37 yen; FY2025/3 forecast: 42 yen (38 yen ordinary, 4 yen special).

• Segment plans: strong growth expected in Leased Corporate Housing (+10.7% revenue), Fringe Benefits (+16.1%), and Tourism (+8.7%).