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Dai-ichi Life Holdings,Inc., First Half Ordinary Profit Increases by 41%, July-September Ordinary Profit Increases by 10%

Thu Nov 14, 2024 2:30 pm JST Earnings

8750 Dai-ichi Life Holdings,Inc. 【J-GAAP】

Earnings Report

Dai-ichi Life Holdings,Inc. <8750> [TSE-P] announced its financial results in the afternoon session on November 14th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 372 billion yen, an increase of 40.7% compared to the same period last year. The progress rate against the 562 billion yen full-year plan was 66.2%, also surpassing the five-year average of 55.3%.

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 drop by 30.8% from the same period last year to 189 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 9.7% from the same period last year, reaching 163 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 5,619,071 ー 236,108 120,118 29.3 60.9 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 5,536,713 ー 264,544 157,454 40.0 49.1 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 5,191,244 ー 372,097 233,188 62.5 66.2 Nov 14, 2024 J-GAAP
YoY -6.2% － +40.7% +48.1% +56.2%

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 － 15.25 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 5,191,244 ー 372,097 233,188 62.5 15.25 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

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 5,491,453 ー 274,462 163,311 42.0 28.25 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,730,756 ー 189,903 89,812 24.4 15.25 Nov 14, 2024 J-GAAP
YoY -32.1% － -30.8% -45.0% -41.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,508,766 ー 387,500 173,735 42.8 21.50 May 15, 2023 J-GAAP
Mar, 2024 11,028,166 ー 539,006 320,765 82.4 28.25 May 15, 2024 J-GAAP
Mar, 2025 Guidance 8,922,000 ー 562,000 323,000 87.8 30.50 May 15, 2024 J-GAAP
YoY -19.1% － +4.3% +0.7% +6.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,533,285 ー 149,106 90,131 22.9 0.0 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 2,230,668 ー 109,382 60,491 15.4 0.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 3,260,785 ー 165,080 102,820 26.4 0.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,995,252 ー 208,479 135,246 35.9 0.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,195,992 ー 163,618 97,942 26.3 0.0 Nov 14, 2024 J-GAAP
YoY -13.3% － +9.7% +8.7% +14.6%

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