Juroku Financial Group,Inc., First Half Ordinary Profit Unexpectedly Revised Upward by 13%

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Mon Nov 11, 2024 3:00 pm JST Earnings

7380 Juroku Financial Group,Inc. 【J-GAAP】

Earnings Report

Juroku Financial Group,Inc. <7380> [TSE-P] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 13.4% from the same period last year, reaching 15.9 billion yen, resulting in an increase in profits compared to the previous forecast of a 1.8% decrease.

The progress rate against the 27.5 billion yen full-year plan was 57.9%, also surpassing the five-year average of 52.3%.

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 16.5% from the same period last year to 11.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 8.0% from the same period last year, reaching 7.06 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	58,462	ー	15,598	10,324	279.2	57.2	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	63,113	ー	14,052	9,517	262.0	50.4	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	63,912	ー	15,933	10,397	286.4	57.9	Nov 11, 2024	J-GAAP
YoY	+1.3%	－	+13.4%	+9.2%	+9.3%

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	13,800	9,500	264.7	80	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	63,912	ー	15,933	10,397	286.4	80	Nov 11, 2024	J-GAAP
Revision Rate	－	－	+15.5%	+9.4%	+8.2%

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	65,722	ー	13,856	9,801	269.2	90	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	11,567	8,603	239.7	80	Nov 11, 2024	J-GAAP
YoY	－	－	-16.5%	-12.2%	-10.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	112,685	ー	27,262	18,630	505.8	130	May 11, 2023	J-GAAP
Mar, 2024	128,835	ー	27,908	19,318	530.6	160	May 9, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	27,500	19,000	529.4	160	May 9, 2024	J-GAAP
YoY	－	－	-1.5%	-1.6%	-0.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	31,939	ー	6,545	4,163	114.6	0.0	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	34,435	ー	6,938	5,032	138.3	0.0	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	31,287	ー	6,918	4,769	131.0	0.0	May 9, 2024	J-GAAP
Apr - Jun, 2024	30,691	ー	8,867	6,299	172.6	0.0	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	33,221	ー	7,066	4,098	112.9	0.0	Nov 11, 2024	J-GAAP
YoY	+4.0%	－	+8.0%	-1.6%	-1.5%