Aichi Financial Group,Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 2.0 times

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Tue Nov 12, 2024 4:00 pm JST Earnings

7389 Aichi Financial Group,Inc. 【J-GAAP】

Earnings Report

Aichi Financial Group,Inc. <7389> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 9.99 billion yen, an increase of 31.1% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 2.0 times, from the previous forecast of 4.5 billion yen to 9.2 billion yen (compared to 12.5 billion yen in the previous period), and the declining rate is expected to decrease from 64.2% to 26.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 797 million yen (compared to a profit of 4.95 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.3 times that of the same period last year, reaching 3.06 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, 2023	44,051	ー	7,625	5,491	112.2	60.6	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	47,406	ー	9,997	7,134	145.5	108.7	Nov 12, 2024	J-GAAP
YoY	+7.6%	－	+31.1%	+29.9%	+29.7%

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	9,900	7,100	144.7	50	Nov 5, 2024	J-GAAP
Apr - Sep, 2024 Results	47,406	ー	9,997	7,134	145.5	50	Nov 12, 2024	J-GAAP
Revision Rate	－	－	+1.0%	+0.5%	+0.5%

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	4,500	1,000	20.4	100	May 14, 2024	J-GAAP
Mar, 2025 New	ー	ー	9,200	5,100	103.9	100	Nov 12, 2024	J-GAAP
Revision Rate	－	－	+104.4%	+410.0%	+410.0%

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	44,636	ー	4,959	2,804	57.3	50	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	-797	-2,034	-41.5	50	Nov 12, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	72,861	ー	5,237	81,806	1,930.5	50	May 15, 2023	J-GAAP
Mar, 2024	88,687	ー	12,584	8,295	169.4	100	May 14, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	9,200	5,100	103.9	100	Nov 12, 2024	J-GAAP
YoY	－	－	-26.9%	-38.5%	-38.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	20,602	ー	1,338	971	19.8	0.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	22,327	ー	3,236	2,215	45.2	0.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	22,309	ー	1,723	589	12.0	0.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	24,081	ー	6,934	5,003	102.1	0.0	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	23,325	ー	3,063	2,131	43.5	0.0	Nov 12, 2024	J-GAAP
YoY	+13.2%	－	+128.9%	+119.5%	+119.1%