Corurantia <7081> announced its consolidated financial results for the third quarter of the fiscal year ending in December 2024 (January-September 24). Revenue increased by 3.6% year-on-year to 23.635 billion yen, operating profit decreased by 22.6% to 1.647 billion yen, ordinary profit decreased by 22.0% to 1.68 billion yen, and net profit attributable to the parent company's shareholders for the quarter decreased by 26.6% to 0.932 billion yen.

Revenue from rental-related businesses increased by 1.8% year-on-year to 13.698 billion yen, with a segment profit of 1.231 billion yen, down by 18.4% year-on-year. In the construction site market, despite struggling due to the decrease in the rebound of large-scale equipment investment projects in the Tohoku and Kyushu regions from the previous period, sales continued to be solid in major areas such as the Kanto and Kansai regions focusing on large-scale redevelopment projects. In the event market, while the order rate of regular projects remained the same, sales declined due to the cancellation of events caused by natural disasters like typhoons and lost projects. In the corporate market, ending of large BPO projects related to COVID gradually and losing large BPO projects until the second quarter affected sales, leading to a challenging situation. In the permanent office market, although actively engaged in sales activities during quiet periods for facility management services (relocation services for offices, factories, hospitals, etc.), they were unable to increase the number of projects acquired, resulting in falling short of revenue plans. On the other hand, in the reuse sales, large buyback projects led to an increase in sales.

Revenue from the space design business increased by 16.2% year-on-year to 4.441 billion yen, with a segment profit of 0.137 billion yen, down by 16.4% year-on-year. In the furniture rental business (FF&E within apartment galleries), performance improved due to the effectiveness of sales activities through web and new catalogs, and the price increase effect of products. In the imaging business (video and sound), services using LED vision for visual and sound effects continued smoothly, maintaining a strong performance since the previous year. In the model room builder business, a significant decrease in the number of properties from major customers had a major impact, leading to a tough situation. In the life design business (interior options sales, etc.), the sales of high-value-added products continued to perform well. Additionally, sales related to pavilions for the 2025 Japan International Exposition (Osaka-Kansai Expo) significantly contributed to increased revenue.

Revenue from the merchandise business decreased by 4.2% year-on-year to 2.514 billion yen, with a segment profit of 0.061 billion yen, down by 44.7% year-on-year. In the postal market, a decrease in special demand projects from the previous period was observed, but sales were boosted by the sale of cash automatic teller machines in response to new banknotes in the first quarter. In the government market, services related to municipal office relocation performed well.

Revenue from the ICT business increased by 2.9% year-on-year to 2.98 billion yen, with a segment profit of 0.216 billion yen, down by 37.0% year-on-year. In rental services, sales of ICT-related products continued to perform well, but overall sales struggled due to the reduction in specific customer projects. In construction and transportation services, sales contributed positively from business alliances, progressing well. Copy counter services experienced a reduction in sales due to a downturn in demand.

Concerning the full-year consolidated performance forecast for the fiscal year ending in December 2024, the company announced a revision to the performance forecast on the same day. Revenue is expected to increase by 0.1% year-on-year (unchanged from the previous forecast) to 31 billion yen, operating profit is anticipated to decrease by 24.3% (compared to the previous forecast of 28.8% decrease) to 1.85 billion yen, ordinary profit is expected to decline by 25.4% (compared to the previous forecast of 28.8% decrease) to 1.85 billion yen, and net income attributable to the parent company's shareholders is projected to decrease by 22.1% (compared to the previous forecast of 24.2% decrease) to 1.25 billion yen.