Shinkin Central Bank, July-September (2Q) Ordinary Profit Decreases by 5%

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Wed Oct 30, 2024 4:00 pm JST Earnings

8421 Shinkin Central Bank 【J-GAAP】

Earnings Report

Shinkin Central Bank <8421> [TSE] announced its financial results after the market closed on October 30th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 27.6% from the same period last year, reaching 29.4 billion yen. The progress rate against the 55 billion yen full-year plan was 53.5%, it was below the five-year average of 72.2%.

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 grow by 20.8% from the same period last year, reaching 25.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 10.2 billion yen, a 4.7% decrease compared to the same period last year.

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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	154,890	ー	35,366	25,961	3,870.1	98.2	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	189,202	ー	23,049	16,810	2,505.9	52.1	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	219,636	ー	29,404	21,160	2,430.0	53.5	Oct 30, 2024	J-GAAP
YoY	+16.1%	－	+27.6%	+25.9%	-3.0%

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	ー	ー	－	－	May 17, 2024	J-GAAP
Apr - Sep, 2024 Results	219,636	ー	29,404	21,160	2,430.0	－	Oct 30, 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
Oct - Mar, 2023	238,233	ー	21,181	15,335	2,129.7	6,500	May 17, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	25,596	18,840	2,808.5	6,500	Oct 30, 2024	J-GAAP
YoY	－	－	+20.8%	+22.9%	+31.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	373,723	ー	36,027	26,221	3,592.2	6,500	May 19, 2023	J-GAAP
Mar, 2024	427,435	ー	44,230	32,145	4,464.3	6,500	May 17, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	55,000	40,000	5,962.8	6,500	May 17, 2024	J-GAAP
YoY	－	－	+24.3%	+24.4%	+33.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	92,932	ー	10,753	7,733	1,152.8	0.0	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	118,085	ー	7,641	5,782	862.0	0.0	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	120,148	ー	13,540	9,553	1,326.7	0.0	May 17, 2024	J-GAAP
Apr - Jun, 2024	111,368	ー	19,157	13,927	1,599.3	0.0	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	108,268	ー	10,247	7,233	830.6	0.0	Oct 30, 2024	J-GAAP
YoY	+16.5%	－	-4.7%	-6.5%	-27.9%