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Seven Bank, Ltd., First Half Ordinary Profit Unexpectedly Revised Upward by 2%

Fri Nov 8, 2024 1:00 pm JST Earnings

8410 Seven Bank, Ltd. 【J-GAAP】

Earnings Report

Seven Bank, Ltd. <8410> [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) was 16.7 billion yen, a 2.1% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 17.7% decrease.

The progress rate against the 28 billion yen full-year plan was 59.8%, also surpassing the five-year average of 52.1%.

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 decrease by 20.3% from the same period last year to 11.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 10.6% from the same period last year, reaching 9.57 billion yen.

Kabutan News

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 73,856 14,536 9,764 8.3 50.3 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 92,222 16,405 32,610 27.8 53.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 106,283 16,751 10,940 9.4 59.8 Nov 8, 2024 J-GAAP
YoY +15.2% +2.1% -66.5% -66.3%

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 104,000 13,500 9,000 7.7 5.50 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 106,283 16,751 10,940 9.4 5.50 Nov 8, 2024 J-GAAP
Revision Rate +2.2% +24.1% +21.6% +21.6%

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 105,655 14,121 -640 -0.6 5.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 108,717 11,249 8,560 7.3 5.50 Nov 8, 2024 J-GAAP
YoY +2.9% -20.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 154,984 28,924 18,854 16.0 11 May 12, 2023 J-GAAP
Mar, 2024 197,877 30,526 31,970 27.3 11 May 10, 2024 J-GAAP
Mar, 2025 Guidance 215,000 28,000 19,500 16.7 11 May 10, 2024 J-GAAP
YoY +8.7% -8.3% -39.0% -38.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 50,976 8,654 27,300 23.2 0.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 52,585 6,545 3,974 3.4 0.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 53,070 7,576 -4,614 -3.9 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 51,427 7,178 4,644 4.0 0.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 54,856 9,573 6,296 5.4 0.0 Nov 8, 2024 J-GAAP
YoY +7.6% +10.6% -76.9% -76.9%

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