Nippon Insure Co., Ltd., 26% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Increased Previous Year's Dividend by 2 yen, This Fiscal Year to Increase Dividend by 2 yen

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Thu Nov 14, 2024 3:00 pm JST Earnings

5843 Nippon Insure Co., Ltd. 【J-GAAP】

Earnings Report

Nippon Insure Co., Ltd. <5843> [TSE-S] announced its financial results in the afternoon session on November 14th (15:00). The ordinary profit (non-consolidated) for the fiscal year ending September 2024 expanded to 40.4% from the previous period to 410 million yen, exceeding the previous forecast of 342 million yen. For the fiscal year ending September 2025, the profit is expected to grow by 26.1% to 517 million yen, marking the second consecutive term of record-high profits. This will be the seventh consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 9 yen to 11 yen (compared to no dividend in the prior term), and has decided to increase the dividend this fiscal year to 13 yen, an increase of 2 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the ordinary profit/loss turned to a profit of profit of 49 million yen (compared to a loss of 23 million yen in the same period last year). The operating profit/loss margin drastically improved from -2.9% in the same period last year to 5.7%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	2,876	291	292	196	98.4	0	Nov 10, 2023	J-GAAP
Sep, 2024	3,220	418	410	280	100.7	11	Nov 14, 2024	J-GAAP
YoY	+12.0%	+43.6%	+40.4%	+42.9%	+2.3%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	3,188	351	342	231	82.7	9	May 14, 2024	J-GAAP
Sep, 2024 Results	3,220	418	410	280	100.7	11	Nov 14, 2024	J-GAAP
Revision Rate	+1.0%	+19.1%	+19.9%	+21.2%	+21.8%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	1,557	266	256	172	62.4	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	0	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	2,876	291	292	196	98.4	0	Nov 10, 2023	J-GAAP
Sep, 2024	3,220	418	410	280	100.7	11	Nov 14, 2024	J-GAAP
Sep, 2025 Guidance	3,622	516	517	360	128.8	13	Nov 14, 2024	J-GAAP
YoY	+12.5%	+23.4%	+26.1%	+28.6%	+27.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	751	-22	-23	-1	-0.5	-2.9	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	771	110	99	76	27.9	14.3	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	786	156	157	96	34.8	19.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	821	104	105	69	24.9	12.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	842	48	49	39	14.0	5.7	Nov 14, 2024	J-GAAP
YoY	+12.1%	－	－	－	－