Resona Holdings, Inc., The Current Fiscal Year Net Income Revised Upward by 6%

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Tue Nov 12, 2024 4:30 pm JST Earnings

8308 Resona Holdings, Inc. 【J-GAAP】

Earnings Report

Resona Holdings, Inc. <8308> [TSE-P] announced its financial results after the market closed on November 12th (16:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 114 billion yen, an increase of 38.5% compared to the same period last year.

In addition, the full-year consolidated net income has been revised upward by 6.1%, from the previous forecast of 165 billion yen to 175 billion yen (compared to 158 billion yen in the previous period), increasing the growth rate from 3.8% to 10.1%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease by 20.5% from the same period last year to 60.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew by 25.0% from the same period last year, reaching 58.8 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	435,587	ー	115,801	82,677	34.7	50.9	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	443,570	ー	114,481	82,509	35.1	51.3	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	534,410	ー	161,486	114,244	49.3	ー	Nov 12, 2024	J-GAAP
YoY	+20.5%	－	+41.1%	+38.5%	+40.6%

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	ー	ー	－	11.50	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	534,410	ー	161,486	114,244	49.3	11.50	Nov 12, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	ー	165,000	71.9	23	May 14, 2024	J-GAAP
Mar, 2025 New	ー	ー	ー	175,000	76.3	23	Nov 12, 2024	J-GAAP
Revision Rate	－	－	－	+6.1%	+6.1%

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	498,093	ー	108,481	76,421	32.6	11	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	60,756	26.5	11.50	Nov 12, 2024	J-GAAP
YoY	－	－	－	-20.5%	-18.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	867,974	ー	227,690	160,400	67.5	21	May 12, 2023	J-GAAP
Mar, 2024	941,663	ー	222,962	158,930	67.8	22	May 14, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	ー	175,000	76.3	23	Nov 12, 2024	J-GAAP
YoY	－	－	－	+10.1%	+12.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	236,352	ー	67,659	47,103	20.0	0.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	224,191	ー	44,861	31,616	13.5	0.0	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	273,902	ー	63,620	44,805	19.1	0.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	250,912	ー	77,038	55,377	23.8	0.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	283,498	ー	84,448	58,867	25.4	0.0	Nov 12, 2024	J-GAAP
YoY	+19.9%	－	+24.8%	+25.0%	+26.9%