On the 13th, J Trust (8508) announced its consolidated results for the third quarter of the 2024 fiscal year (January to September 2024). Operating revenue was 96.915 billion yen, a 14.8% increase compared to the same period last year, while operating profit decreased by 58.7% to 5.025 billion yen, and profit before tax decreased by 57.7% to 5.985 billion yen. The quarterly profit attributable to the parent company's owners was 4.051 billion yen, a decrease of 78.8%.

Operating revenue from the financial business in Japan increased by 17.0% year-on-year to 11.983 billion yen, and segment profit rose by 42.6% to 4.947 billion yen. In addition to the strong performance of the guarantee and servicing businesses, an increase in installment handling charges was seen due to the increase in installment transaction value with Nexus Card, along with increases in service revenue within J Trust Global Securities thanks to a robust stock market.

Operating revenue from the financial business in south korea and mongolia decreased by 3.1% year-on-year to 34.554 billion yen, with a segment loss of 0.072 billion yen (compared to a loss of 1.652 billion yen in the same period last year). In the savings bank business, although interest income decreased due to a reduction in loan balances in the bank and a decrease in average bank deposits, operating losses were reduced by approximately 1.6 billion yen compared to the same period last year due to improvements in the loan-to-deposit spread and a decrease in provisions for bad debts.

Operating revenue from the financial business in southeast asia increased by 29.3% year-on-year to 35.58 billion yen, with segment profit rising by 56.6% to 2.31 billion yen. There was an increase in interest income associated with the growth of loans in J Trust Bank Indonesia.

Operating revenue in the real estate business increased by 34.6% year-on-year to 14.686 billion yen, while segment profit decreased by 94.0% to 0.651 billion yen. Sales revenue from properties for sale increased in J Grand and Grovers. Additionally, compared to the 10.113 billion yen negative goodwill recorded due to the merger of mirai innovate corp in the previous third quarter cumulative period, there was a decrease.

Operating revenue from the investment business decreased by 95.7% year-on-year to 0.005 billion yen, with a segment loss of 1.221 billion yen (compared to a loss of 1.583 billion yen in the same period last year). In singapore, despite recovering part of the judgment receivables related to the lawsuit filed by J Trust Asia, there was an increase in interest expenses for borrowings and litigation costs.

Operating revenue from other businesses increased by 9.1% year-on-year to 0.46 billion yen, with a segment loss of 0.122 billion yen (compared to a loss of 0.022 billion yen in the same period last year). J Sync primarily conducts system development, computer operation, and management services for the company group.

Regarding the consolidated performance forecast for the full year of the 2024 fiscal year, operating revenue is expected to increase by 12.0% compared to the previous period to 128 billion yen, operating profit is projected to decrease by 8.2% to 7.4 billion yen, profit before tax is forecasted to decline by 16.1% to 8.2 billion yen, and profit attributable to the parent company's owners is estimated to drop by 60.8% to 6.4 billion yen, maintaining the initial plan.