主要KPIとして、店舗転貸借事業の成約件数（新規契約と後継契約の合計）は70件下方修正して前期比34件増加の500件、期末転貸借物件数は68件下方修正して前期末比244件増加の2,689件の計画とした。中間期の成約件数の減少を勘案して通期の成約件数、期末転貸借物件数、及び売上高の計画を下方修正したが、前期比では成約件数、期末転貸借物件数とも増加して増収、さらに成約・既存更新時の家賃改定等による物件収益率向上も寄与して、各利益は前回予想を上回り、大幅増益の見込みとしている。なお修正後の通期予想に対する中間期の進捗率は売上高が49.8%、営業利益が55.7%、経常利益が55.8%、親会社株主に帰属する当期純利益が56.5%である。営業組織再編や新入社員戦力化の効果も見込まれ、ランニング収入の順調な積み上げで好業績が期待できると弊社では考えている。■The future outlook of Innovation Holdings <3484>
● Overview of consolidated performance forecasts for the fiscal year ending March 2025
The consolidated performance forecast for the fiscal year ending March 2025 has been revised as of November 13, 2024, with revenue expected to be 16.8% higher than the previous year at 16,657 million yen, operating profit expected to increase by 26.1% to 1,228 million yen, ordinary profit to increase by 23.6% to 1,250 million yen, and net income attributable to shareholders of the parent company to increase by 24.9% to 832 million yen. Compared to the previous forecast (initial forecast value dated May 13, 2024, which estimated revenue at 16,840 million yen, operating profit at 907 million yen, ordinary profit at 942 million yen, and net income attributable to shareholders of the parent company at 630 million yen), the revenue was slightly revised down by 183 million yen, but the operating profit, ordinary profit, and net income attributable to shareholders were significantly revised up by 321 million yen, 308 million yen, and 202 million yen, respectively, turning from a forecast of decreased profits to a significant increase in profits. Operating profit is expected to reach a record high.
As key performance indicators, the number of contracts in the sublease business (total of new contracts and follow-up contracts) has been revised down to 70, with an increase of 34 from the previous period to a total of 500. The number of subleased properties at the end of the term has been revised down to 68, with an increase of 244 from the previous period to a planned 2,689 properties. Although the forecast for the total number of contracts, the number of subleased properties at the end of the term, and revenue has been revised down due to the decrease in the number of contracts in the interim period, both the number of contracts and the number of subleased properties at the end of the term are expected to increase compared to the previous year, contributing to increased revenue. Additionally, improvements in property profitability due to rent revisions during contracts and renewals are expected to result in profits exceeding the previous forecast, with a significant increase in expected profits. The progress rate against the revised full-year forecast at the interim period is 49.8% for revenue, 55.7% for operating profit, 55.8% for ordinary profit, and 56.5% for net income attributable to shareholders of the parent company. It is also anticipated that the effects of reorganizing the sales organization and strengthening new employees will contribute to steady growth in running income, and strong performance is expected.
(Authored by FISCO guest analyst Masanobu Mizuta)
