Daishi Hokuetsu Financial Group, Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 7%, Adds to Record High Profit Forecast

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Fri Nov 8, 2024 1:00 pm JST Earnings

7327 Daishi Hokuetsu Financial Group, Inc. 【J-GAAP】

Earnings Report

Daishi Hokuetsu Financial Group, Inc. <7327> [TSE-P] announced its financial results in the afternoon session on November 8th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 15.4% from the same period last year, reaching 20.4 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 7.2%, from the previous forecast of 33.2 billion yen to 35.6 billion yen (compared to 30.8 billion yen in the previous period), increasing the growth rate from 7.6% to 15.3%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 15.2% from the same period last year, reaching 15.1 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 135 yen to 168 yen (compared to 145 yen before the 1-to-2 stock split in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 29.9% from the same period last year, reaching 5.64 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	77,709	ー	17,382	12,370	136.2	69.4	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	95,714	ー	17,692	13,810	153.6	57.3	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	96,574	ー	20,418	14,651	167.4	57.4	Nov 8, 2024	J-GAAP
YoY	+0.9%	－	+15.4%	+6.1%	+9.0%

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	20,000	14,200	162.8	45	Jul 26, 2024	J-GAAP
Apr - Sep, 2024 Results	96,574	ー	20,418	14,651	167.4	56	Nov 8, 2024	J-GAAP
Revision Rate	－	－	+2.1%	+3.2%	+2.8%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	ー	ー	33,200	23,000	263.9	90	Jul 26, 2024	J-GAAP
Mar, 2025 New	ー	ー	35,600	25,000	286.9	112	Nov 8, 2024	J-GAAP
Revision Rate	－	－	+7.2%	+8.7%	+8.7%

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	86,344	ー	13,176	7,393	82.8	37.50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	15,182	10,349	118.8	56	Nov 8, 2024	J-GAAP
YoY	－	－	+15.2%	+40.0%	+43.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	148,759	ー	25,048	17,768	195.9	60	May 12, 2023	J-GAAP
Mar, 2024	182,058	ー	30,868	21,203	237.4	72.50	May 10, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	35,600	25,000	286.9	112	Nov 8, 2024	J-GAAP
YoY	－	－	+15.3%	+17.9%	+20.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	47,095	ー	4,342	2,935	32.7	0.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	41,980	ー	7,178	4,929	54.9	0.0	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	44,364	ー	5,998	2,464	27.6	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	52,109	ー	14,776	10,751	122.7	0.0	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	44,465	ー	5,642	3,900	44.6	0.0	Nov 8, 2024	J-GAAP
YoY	-5.6%	－	+29.9%	+32.9%	+36.5%