On the 7th, Lir Group <8876> announced its consolidated financial results for the second quarter of the fiscal year ending March 2025 (April-September 24th). Sales revenue increased by 10.9% year-on-year to 70.073 billion yen, operating profit increased by 25.1% to 15.664 billion yen, pre-tax profit increased by 190.6% to 37.899 billion yen, and interim profit attributable to the parent company's owners increased by 273.6% to 32.972 billion yen.

The relocation business achieved sales revenue of 48.408 billion yen (an increase of 10.6% year-on-year) and operating profit of 8.834 billion yen (an increase of 14.3%). The increase in the number of managed company housing units in the house rental management business led to an extension of management fees income, and the number of users of relocation support services such as property search increased. In the rental management business, the number of managed units exceeded the previous year, and the stock base continued to grow steadily. In the overseas relocation support business, the operation of service apartments in North America has been performing well.

The employee welfare business achieved sales revenue of 13.384 billion yen (an increase of 9.6% year-on-year) and operating profit of 5.952 billion yen (an increase of 7.6%). The acquisition of new members in the employee welfare agency service progressed, leading to an increase in membership fee income, and the emergency housing service continued to perform well.

The tourism business achieved sales revenue of 7.72 billion yen (an increase of 14.9% year-on-year) and operating profit of 2.899 billion yen (an increase of 146.2%). Average room rates in hotels increased, and the contribution of revenues from newly opened facilities led to solid performance. Additionally, there was a facility sale during the interim consolidation accounting period.

Other businesses achieved sales revenue of 0.56 billion yen (an increase of 11.9% year-on-year) and an operating loss of 0.086 billion yen (compared to a loss of 0.116 billion yen in the previous year). Leveraging the foundation of core businesses, they are expanding into financial-related businesses.

Regarding the consolidated performance forecast for the full fiscal year ending March 2025, they are maintaining the initial plan with expected sales revenue of 140 billion yen (an increase of 5.6% from the previous period), operating profit of 30 billion yen (an increase of 8.6%), pre-tax profit of 48 billion yen, and parent company's owners' current profit of 33 billion yen.