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Property Technologies: Transcript of the full-year financial results briefing for the fiscal year ending 2024/11
Stifel Nicolaus Sticks to Their Buy Rating for Tribe Property Technologies (TRBE)
Property technologies --- In the fiscal year ending November 2024, double-digit revenue growth is expected, with increased income from the renovation of Residences.
Property Technologies <5527> announced its consolidated financial results for the fiscal year ending November 2024 on the 14th. Revenue increased by 12.6% compared to the previous period to 41.612 billion yen, operating profit increased by 2.8% to 1.362 billion yen, ordinary profit decreased by 3.7% to 1.019 billion yen, and net income attributable to the parent company's Shareholder decreased by 3.9% to 0.635 billion yen. The renovation of used Residences handled by Home Net achieved revenue of 33.263 billion yen (121.3% year-on-year) and an operating profit of 10.5.