On the 30th, AINAVO Holdings <7539> announced its consolidated results for the second quarter of the 2024 September term (October 23-March 24). Revenue increased by 4.8% from the same period last year to 46.16 billion yen, operating profit increased by 15.2% to 1.57 billion yen, ordinary profit increased by 13.6% to 1.72 billion yen, and net profit attributable to shareholders of the parent company increased by 17.0% to 1.078 billion yen for the quarter.

Sales of detached housing businesses increased by 3.0% from the same period last year to 38.295 billion yen, and the segment profit decreased by 2.7% to 1.738 billion yen due to a decrease in gross margin and an increase in sales and administrative expenses. Sales of tiles and building materials increased compared to the previous year. The main reason for this is the increase in sales of the company's own brand tiles and interior building materials for housing. Sales of tile and building material-related work increased compared to the previous year. The main reason for this is the increase in sash and tile work. Sales and work related to housing equipment and systems increased compared to the previous year. The main reason for this is the increase in work on unit baths, kitchens, photovoltaic power generation equipment, as well as the increase in sales of sanitary ceramics and air conditioners.

Sales of large-scale property businesses increased by 14.7% to 7.865 billion yen, and the segment profit increased by 82.7% to 0.602 billion yen. Sales of tiles and stonework increased compared to the previous year. The main reason for this is the inclusion of a subsidiary stonework company's financial results and the completion of large-scale tile work in the Tokyo metropolitan area. Sales and work related to housing equipment decreased compared to the previous year. The main reason for this is the decrease in orders for unit bath work due to a decrease in the construction of collective housing and increased competition. Sales of air conditioning and sanitary equipment work exceeded the previous year. The main reason for this is the resumption of private renovation work since the coronavirus outbreak and the smooth progress of public facility work.

As for the consolidated performance forecast for the 2024 September term, the initial plan is to maintain the revenue at 92 billion yen, up 6.9% from the previous period, operating profit at 2.1 billion yen, up 18.6% from the previous period, ordinary profit at 2.3 billion yen, up 11.2% from the previous period, and net income attributable to shareholders of the parent company at 1.45 billion yen, up 13.8% from the previous period.