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AEON Financial Service Co.,Ltd., First Half Ordinary Profit Increases by 27%

Tue Oct 8, 2024 3:00 pm JST Earnings

8570 AEON Financial Service Co.,Ltd. 【J-GAAP】

Earnings Report

AEON Financial Service Co.,Ltd. <8570> [TSE-P] announced its financial results after the market closed on October 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 27.2% from the same period last year, reaching 27.1 billion yen. The progress rate against the 55 billion yen full-year plan was 49.3%, exceeding the four-year average of 43.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to decrease by 6.6% from the same period last year to 27.8 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 11.1 billion yen, a 5.0% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 9.2% in the same period last year to 9.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Aug, 2022 221,579 31,857 34,390 18,204 84.3 55.9 Oct 4, 2022 J-GAAP
Mar - Aug, 2023 237,555 20,290 21,314 7,236 33.5 41.7 Oct 10, 2023 J-GAAP
Mar - Aug, 2024 255,790 27,142 27,111 10,215 47.3 49.3 Oct 8, 2024 J-GAAP
YoY +7.7% +33.8% +27.2% +41.2% +41.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 25 Apr 9, 2024 J-GAAP
Mar - Aug, 2024 Results 255,790 27,142 27,111 10,215 47.3 25 Oct 8, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 248,053 29,798 29,860 13,660 63.3 28 Apr 9, 2024 J-GAAP
Sep - Feb, 2024 Guidance 264,210 27,858 27,889 10,785 50.0 28 Oct 8, 2024 J-GAAP
YoY +6.5% -6.5% -6.6% -21.0% -21.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 451,767 58,859 61,547 30,677 142.1 53 Apr 11, 2023 J-GAAP
Feb, 2024 485,608 50,088 51,174 20,896 96.8 53 Apr 9, 2024 J-GAAP
Feb, 2025 Guidance 520,000 55,000 55,000 21,000 97.3 53 Apr 9, 2024 J-GAAP
YoY +7.1% +9.8% +7.5% +0.5% +0.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 120,955 11,099 11,726 3,640 16.9 9.2 Oct 10, 2023 J-GAAP
Sep - Nov, 2023 118,209 5,820 5,781 1,620 7.5 4.9 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 129,844 23,978 24,079 12,040 55.8 18.5 Apr 9, 2024 J-GAAP
Mar - May, 2024 127,928 15,249 15,977 6,083 28.2 11.9 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 127,862 11,893 11,134 4,132 19.1 9.3 Oct 8, 2024 J-GAAP
YoY +5.7% +7.2% -5.0% +13.5% +13.5%

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