Relo Group ( (RELOF) ) has released its Q2 earnings. Here is a breakdown of the information Relo Group presented to its investors.
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Relo Group, Inc., a company listed on the Tokyo Stock Exchange, specializes in providing outsourcing services, residential property management, and tourism services, focusing on supporting Japanese companies’ non-core operations to enhance their global competitiveness. In its latest earnings report for the second quarter of the fiscal year ending March 31, 2026, Relo Group reported a modest increase in revenue by 4.1% year-on-year, reaching 72,929 million yen. However, the company faced a significant decline in profits, with operating profit down by 5.2% and profit attributable to owners of the parent plummeting by 69.2% compared to the same period last year.
The company’s Outsourcing Business, which includes services like leased corporate housing management and global relocation support, saw a revenue increase of 6.2% year-on-year, contributing to an operating profit rise of 2.3%. Meanwhile, the Residential Property Management Business experienced a slight revenue increase of 1.0%, but its operating profit fell by 10.9% due to the absence of large property sales recorded in the previous year. The Tourism Business also reported a revenue increase of 3.1%, yet its operating profit decreased by 21.0% for similar reasons.
Relo Group’s total assets grew slightly to 304,940 million yen, with total equity rising to 74,538 million yen. Despite these increases, the company’s cash and cash equivalents decreased marginally to 63,589 million yen. The company also noted a decline in cash flow from operating activities, which amounted to 15,406 million yen, down from the previous year.
Looking ahead, Relo Group remains committed to its Fourth Olympic Plan, aiming to address social issues like human capital investment and labor shortages while expanding its existing businesses and creating new ones. The company maintains its business forecasts for the fiscal year ending March 31, 2026, as previously announced, indicating a cautious yet steady approach to future growth.