Hokkoku Financial Holdings,Inc., First Half Ordinary Profit Decreases by 9%

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Wed Oct 30, 2024 1:00 pm JST Earnings

7381 Hokkoku Financial Holdings,Inc. 【J-GAAP】

Earnings Report

Hokkoku Financial Holdings,Inc. <7381> [TSE-P] announced its financial results in the afternoon session on October 30th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 9.4% from the same period last year to 8.93 billion yen. The progress rate against the 15 billion yen full-year plan was 59.6%, below the five-year average of 83.0%.

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 October to March period (second half) is expected to expand by 31.9% from the same period last year, reaching 6.06 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 5.8 times that of the same period last year, reaching 5.24 billion yen.

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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
Apr - Sep, 2022	51,328	ー	20,463	12,895	481.8	127.5	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	48,007	ー	9,862	6,846	278.7	68.2	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	44,884	ー	8,933	5,659	245.6	59.6	Oct 30, 2024	J-GAAP
YoY	-6.5%	－	-9.4%	-17.3%	-11.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	8,500	5,500	240.9	60	Apr 26, 2024	J-GAAP
Apr - Sep, 2024 Results	44,884	ー	8,933	5,659	245.6	60	Oct 30, 2024	J-GAAP
Revision Rate	－	－	+5.1%	+2.9%	+1.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	42,832	ー	4,599	2,209	92.3	55	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	6,067	4,341	191.8	60	Oct 30, 2024	J-GAAP
YoY	－	－	+31.9%	+96.5%	+107.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	84,743	ー	16,046	8,741	336.1	100	May 8, 2023	J-GAAP
Mar, 2024	90,839	ー	14,461	9,055	378.3	110	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	15,000	10,000	441.7	120	Apr 26, 2024	J-GAAP
YoY	－	－	+3.7%	+10.4%	+16.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	22,921	ー	906	257	10.5	0.0	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	21,190	ー	3,845	2,373	98.0	0.0	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	21,642	ー	754	-164	-6.9	0.0	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	21,892	ー	3,686	2,387	103.2	0.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	22,992	ー	5,247	3,272	142.0	0.0	Oct 30, 2024	J-GAAP
YoY	+0.3%	－	+479.1%	+1,173.2%	+1,257.4%