Chugin Financial Group,Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 3%, Dividend Revised Upward by 3 yen

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Fri Nov 8, 2024 2:00 pm JST Earnings

5832 Chugin Financial Group,Inc. 【J-GAAP】

Earnings Report

Chugin Financial Group,Inc. <5832> [TSE-P] announced its financial results in the afternoon session on November 8th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 20.9 billion yen, an increase of 39.6% compared to the same period last year, exceeded the previous forecast of 18 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 2.9%, from the previous forecast of 34.5 billion yen to 35.5 billion yen (compared to 31.1 billion yen in the previous period), increasing the growth rate from 10.6% to 13.8%.

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 decrease by 10.1% from the same period last year to 14.5 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 53 yen to 56 yen (compared to 47 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 52.4% from the same period last year, reaching 7.25 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	91,459	ー	19,967	13,948	75.4	67.4	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	88,355	ー	15,036	10,436	56.9	48.2	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	102,919	ー	20,984	14,619	81.0	59.1	Nov 8, 2024	J-GAAP
YoY	+16.5%	－	+39.6%	+40.1%	+42.3%

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	102,000	ー	18,000	12,400	69.0	26.50	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	102,919	ー	20,984	14,619	81.0	26.50	Nov 8, 2024	J-GAAP
Revision Rate	+0.9%	－	+16.6%	+17.9%	+17.3%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	204,000	ー	34,500	24,000	134.1	53	May 10, 2024	J-GAAP
Mar, 2025 New	212,000	ー	35,500	25,000	139.7	56	Nov 8, 2024	J-GAAP
Revision Rate	+3.9%	－	+2.9%	+4.2%	+4.2%

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	96,306	ー	16,155	10,953	59.9	32	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	109,081	ー	14,516	10,381	58.0	29.50	Nov 8, 2024	J-GAAP
YoY	+13.3%	－	-10.1%	-5.2%	-3.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	179,860	ー	29,608	20,486	111.0	30	May 12, 2023	J-GAAP
Mar, 2024	184,661	ー	31,191	21,389	117.1	47	May 10, 2024	J-GAAP
Mar, 2025 Guidance	212,000	ー	35,500	25,000	139.7	56	Nov 8, 2024	J-GAAP
YoY	+14.8%	－	+13.8%	+16.9%	+19.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	44,501	ー	4,761	3,239	17.7	0.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	47,749	ー	11,283	7,937	43.4	0.0	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	48,557	ー	4,872	3,016	16.5	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	52,435	ー	13,728	9,398	51.8	0.0	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	50,484	ー	7,256	5,221	28.9	0.0	Nov 8, 2024	J-GAAP
YoY	+13.4%	－	+52.4%	+61.2%	+63.7%