Bilot Co., Ltd. <3452> announced on the 13th a revision of the consolidated performance forecast for the fiscal year ending December 2024, which will be announced on September 30, 2024, and the recording of valuation losses on real estate for sale.

For the fiscal year ending December 2024 (January to December 2024), the revenue is revised to 31 billion yen, a 3.0% increase from the previous forecast, operating profit to 6 billion yen, a 5.4% increase, recurring profit to 5.6 billion yen, a 10.7% increase, net income attributable to Shareholders to 3.82 billion yen, a 10.1% increase, and net income per share to 198.52 yen.

Additionally, for the fiscal year ending December 2024, the company has re-evaluated the real estate held for sale more rigorously and conservatively than in the previous period, resulting in a decision to lower the acquisition cost for some properties, anticipating a valuation loss on real estate for sale to be recorded in the consolidated and individual financial statements as 0.523 billion yen under cost of sales.

In the performance for the cumulative third quarter, the company group achieved the consolidated performance forecast for the fiscal year ending December 2024, which was announced on February 15, 2024, ahead of schedule. In the fourth quarter, the company plans to focus on the procurement and acquisition activities of real estate for sale in the real estate investment development business, and it is expected that related costs for large-scale M&A and valuation losses on real estate for sale will be recorded; however, the profit for the consolidated performance forecast for the fiscal year ending December 2024 is expected to exceed the previously announced forecast, ending with the highest profit since its establishment.