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

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 4,341 191.2 60 Oct 30, 2024 J-GAAP
YoY － － +31.9% +96.5% +107.2%

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 10,000 440.5 120 Apr 26, 2024 J-GAAP
YoY － － +3.7% +10.4% +16.4%

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%

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