Mebuki Financial Group,Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 7%, Exceeded record profit forecast, Dividend Revised Upward by 2 yen

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Mon Nov 11, 2024 3:30 pm JST Earnings

7167 Mebuki Financial Group,Inc. 【J-GAAP】

Earnings Report

Mebuki Financial Group,Inc. <7167> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 46 billion yen, an increase of 37.4% compared to the same period last year, exceeded the previous forecast of 36.5 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 6.7%, from the previous forecast of 75 billion yen to 80 billion yen (compared to 63 billion yen in the previous period), increasing the growth rate from 19.0% to 26.9%. The company has further increased its previous forecast of record profits for the first time in six years.

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 15.0% from the same period last year, reaching 33.9 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 14 yen to 16 yen (compared to 12 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 73.9% from the same period last year, reaching 19.9 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	169,854	ー	38,670	26,941	24.9	82.9	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	154,596	ー	33,534	23,530	22.3	53.2	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	164,357	ー	46,059	32,020	31.9	57.6	Nov 11, 2024	J-GAAP
YoY	+6.3%	－	+37.4%	+36.1%	+43.1%

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	36,500	25,000	25.0	7	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	164,357	ー	46,059	32,020	31.9	7	Nov 11, 2024	J-GAAP
Revision Rate	－	－	+26.2%	+28.1%	+27.3%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	ー	ー	75,000	52,000	52.8	14	May 10, 2024	J-GAAP
Mar, 2025 New	ー	ー	80,000	56,000	56.9	16	Nov 11, 2024	J-GAAP
Revision Rate	－	－	+6.7%	+7.7%	+7.7%

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	155,472	ー	29,508	19,836	19.1	6	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	33,941	23,980	24.4	9	Nov 11, 2024	J-GAAP
YoY	－	－	+15.0%	+20.9%	+27.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	329,457	ー	46,631	32,176	29.9	11	May 12, 2023	J-GAAP
Mar, 2024	310,068	ー	63,042	43,366	41.7	12	May 10, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	80,000	56,000	56.9	16	Nov 11, 2024	J-GAAP
YoY	－	－	+26.9%	+29.1%	+36.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	75,406	ー	11,449	7,928	7.5	0.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	78,353	ー	13,073	8,832	8.4	0.0	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	77,119	ー	16,435	11,004	10.6	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	81,811	ー	26,147	18,347	18.1	0.0	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	82,546	ー	19,912	13,673	13.6	0.0	Nov 11, 2024	J-GAAP
YoY	+9.5%	－	+73.9%	+72.5%	+81.3%