Broad Enterprise <4415> announced its financial results for the third quarter of the fiscal year ending December 2024 (January-September 24). Revenue increased by 21.1% year-on-year to 3.142 billion yen, operating profit increased by 101.7% to 0.445 billion yen, ordinary profit increased by 81.1% to 0.32 billion yen, and quarterly net profit increased by 1.9% to 0.208 billion yen.
The company continues to contribute to maximizing the cash flow of real estate owners by making properties attractive to tenants, aiming to increase occupancy rates and rents. Its main strength lies in utilizing debt securitization and offering a zero initial introduction cost plan. They actively acquire new customers, dealers, strengthen collaboration with management companies and existing customers. They have gradually expanded the scope of proposals by combining the zero initial introduction cost plan with existing products for rental apartments, single-family homes, buildings, tenants, and lodging facilities such as lodgings and have been steadily securing projects.
For the high-speed internet service for apartments, 'B-CUBIC,' they are actively promoting the sales of the plan 'B-CUBIC Next' which eliminates the contract period, advancing the acquisition and collaboration strengthening of new customers and partner companies. The sales order numbers have been steadily increasing. In the IoT intercom system 'BRO-LOCK,' they have been promoting the acquisition of new customers who wish to install auto-lock intercoms due to the increasing awareness of security or who require renewal construction due to the aging of existing facilities. As a result, the number of sales orders and revenue has been steadily increasing. In the domestic IoT renovation 'BRO-ROOM,' they have focused on acquiring dealers, strengthened collaboration with renovation companies and propane gas companies, and concentrated on expanding sales. As a result, they have been steadily extending orders and maintaining continuous sales growth.
For the full-year performance forecast for the fiscal year ending December 2024, they are maintaining the initial plan with expected revenue to increase by 21.3% to 4.8 billion yen compared to the previous period, operating profit to increase by 55.2% to 0.788 billion yen, ordinary profit to increase by 37.6% to 0.5 billion yen, and net income for the term to increase by 1.6% to 0.333 billion yen.