Open House Group Full Year 2024 Earnings: Misses Expectations

Open House Group (TSE:3288) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥1.30t (up 13% from FY 2023).
• Net income: JP¥92.9b (flat on FY 2023).
• Profit margin: 7.2% (down from 8.0% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: JP¥783 (up from JP¥764 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Open House Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Consumer Durables industry in Japan.

Performance of the Japanese Consumer Durables industry.

The company's shares are down 4.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Open House Group's balance sheet health.

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