Yamaguchi Financial Group,Inc., First Half Ordinary Profit Increases by 24%

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Fri Nov 8, 2024 3:30 pm JST Earnings

8418 Yamaguchi Financial Group,Inc. 【J-GAAP】

Earnings Report

Yamaguchi Financial Group,Inc. <8418> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 23.7% from the same period last year, reaching 24.6 billion yen, exceeded the previous forecast of 20.5 billion yen.

The progress rate against the 47.5 billion yen full-year plan was 51.9%, almost the same as the five-year average of 50.9%.

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 31.6% from the same period last year, reaching 22.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 18.3% from the same period last year, reaching 8.59 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	74,312	ー	16,659	12,264	52.2	64.8	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	89,479	ー	19,938	13,571	60.8	53.5	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	106,807	ー	24,667	16,172	75.0	51.9	Nov 8, 2024	J-GAAP
YoY	+19.4%	－	+23.7%	+19.2%	+23.3%

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	ー	ー	20,500	14,300	66.5	30	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	106,807	ー	24,667	16,172	75.0	30	Nov 8, 2024	J-GAAP
Revision Rate	－	－	+20.3%	+13.1%	+12.6%

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	95,274	ー	17,344	11,645	52.7	22	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	22,833	16,828	79.0	30	Nov 8, 2024	J-GAAP
YoY	－	－	+31.6%	+44.5%	+49.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	157,324	ー	25,698	17,894	77.4	31	May 12, 2023	J-GAAP
Mar, 2024	184,753	ー	37,282	25,216	114.2	43	May 10, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	47,500	33,000	154.9	60	May 10, 2024	J-GAAP
YoY	－	－	+27.4%	+30.9%	+35.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	43,799	ー	7,265	4,798	21.5	0.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	45,852	ー	12,061	8,032	36.2	0.0	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	49,422	ー	5,283	3,613	16.4	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	55,485	ー	16,069	11,501	53.1	0.0	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	51,322	ー	8,598	4,671	21.7	0.0	Nov 8, 2024	J-GAAP
YoY	+17.2%	－	+18.3%	-2.6%	+0.7%