- The increase of net sales was due to higher maintenance & repair sales resulting from an increase in the number of maintenance contracts, as well as a high level of modernization sales.
- The gross profit margin improved by 0.6 percentage points YoY mainly due to productivity improvements and a reduction in the labor cost ratio as a result of hiring new graduates. The operating profit margin improved by 1.6 points to 17.2% as a results of disciplined spending on SG&A expenses such as personnel expenses.
- As a result, sales increased by 16.6% YoY and operating profit increased by 28.2% YoY.
(millions of yen, yen, %)
|
9 months ended |
9 months ended |
YoY change |
||||
|
December 2023 |
December 2024 |
|||||
|
Amount |
% of sales |
Amount |
% of sales |
Amount |
% |
|
|
Net sales |
30,487 |
100.0 |
35,549 |
100.0 |
5,062 |
16.6 |
|
Operating profit |
4,772 |
15.7 |
6,120 |
17.2 |
1,347 |
28.2 |
|
Ordinary profit |
4,798 |
15.7 |
6,146 |
17.3 |
1,347 |
28.1 |
|
Profit attributable to owners of parent |
3,051 |
10.0 |
3,904 |
11.0 |
852 |
27.9 |
|
(Depreciation) |
1,031 |
3.4 |
1,152 |
3.2 |
121 |
11.8 |
|
(Amortization) |
202 |
0.7 |
209 |
0.6 |
6 |
3.4 |
|
EBITDA |
6,006 |
19.7 |
7,481 |
21.0 |
1,475 |
24.6 |
|
EPS |
34.27 |
-- |
43.84 |
-- |
9.57 |
27.9 |
- Maintenance sales continue to grow steadily in line with the increase in the number of maintenance contracts.
- The impact of short-term fluctuations in maintenance operations has subsided, but sales continue to grow faster than the number of contracts thanks to active sales activities.
- Unit price continues to increase due to strong demand for modernization. Unit volume also increased as planned, with a strong 24.1% sales growth in the third quarter alone.
(millions of yen, yen, %)
|
9 months ended |
9 months ended |
YoY change |
||||
|
December 2023 |
December 2024 |
|||||
|
Amount |
% of sales |
Amount |
% of sales |
Amount |
% |
|
|
Maintenance & Repair |
19,491 |
63.9 |
22,429 |
63.1 |
2,937 |
15.1 |
|
Modernization |
9,968 |
32.7 |
11,982 |
33.7 |
2,014 |
20.2 |
|
Other |
1,027 |
3.4 |
1,137 |
3.2 |
110 |
10.7 |
|
Total |
30,487 |
100.0 |
35,549 |
100.0 |
5,062 |
16.6 |
- The number of maintenance contracts in Japan was 110,650 units. Excluding the impact of Showa Yusoki Tohoku Co., Ltd. of about 230 units, net increase exceeds the previous year's organic net increase of about 10,000 units in just 9 months.
- In order to meet the strong demand, the Company strengthened construction management system and the total number of modernization shipment reached 1,600 units (1,390 units in the same period of the previous year) in line with our plan.
- The number of offices increased to 148 as of February 1. This fiscal year the Company opened seven new offices, mainly in western Japan, including its first foray into Yamaguchi and Saga. And the Company continues to recruit necessary work force such as technical and sales personnel.
(units,person)
|
FY Ended March 2021 |
FY Ended March 2022 |
FY Ended March 2023 |
FY Ended March 2024 |
9 months ended December 2024 |
||
|
Actual |
Actual |
Actual |
Actual |
Actual |
（Change YtD) |
|
|
Maintenance contracts |
67,500 |
79,000 |
88,630 |
100,230 |
110,650 |
+10,420 |
|
Modernization (cumlative) |
920 |
1,150 |
1,530 |
1,930 |
1,600 |
+210 |
|
Parking equipments |
-- |
18,830 |
22,050 |
24,660 |
26,780 |
+2,120 |
|
No. of offices |
101 |
124 |
132 |
141 |
148 |
+7 |
|
No. of Employees Technical personnel Sales personnel |
1,398 881 156 |
1,618 1,003 195 |
1,766 1,096 218 |
1,868 1,159 248 |
2,024 1,260 272 |
+156 +101 +24 |