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Kyushu Financial Group,Inc., First Half Ordinary Profit Decreases by 7%

Thu Nov 14, 2024 3:30 pm JST Earnings

7180 Kyushu Financial Group,Inc. 【J-GAAP】

Earnings Report

Kyushu Financial Group,Inc. <7180> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 6.7% from the same period last year to 21.2 billion yen. The progress rate against the 41.5 billion yen full-year plan was 51.1%, below the five-year average of 63.8%.

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 grow by 29.1% from the same period last year, reaching 20.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 42.5% from the same period last year, reaching 7.81 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 110,859 ー 24,873 17,195 39.7 69.9 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 112,624 ー 22,740 15,729 36.4 59.2 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 108,665 ー 21,227 14,616 33.8 51.1 Nov 14, 2024 J-GAAP
YoY -3.5% － -6.7% -7.1% -7.1%

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 17,000 12,000 27.7 9 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 108,665 ー 21,227 14,616 33.8 9 Nov 14, 2024 J-GAAP
Revision Rate － － +24.9% +21.8% +21.8%

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 109,927 ー 15,698 10,665 24.7 9 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー ー 20,273 13,884 32.1 11 Nov 14, 2024 J-GAAP
YoY － － +29.1% +30.2% +30.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 214,368 ー 35,597 24,668 57.0 12 May 11, 2023 J-GAAP
Mar, 2024 222,551 ー 38,438 26,394 61.0 18 May 13, 2024 J-GAAP
Mar, 2025 Guidance ー ー 41,500 28,500 65.9 20 Nov 5, 2024 J-GAAP
YoY － － +8.0% +8.0% +8.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 52,674 ー 5,483 3,542 8.2 0.0 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 55,111 ー 9,854 6,944 16.1 0.0 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 54,816 ー 5,844 3,721 8.6 0.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 57,456 ー 13,416 9,292 21.5 0.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 51,209 ー 7,811 5,324 12.3 0.0 Nov 14, 2024 J-GAAP
YoY -2.8% － +42.5% +50.3% +50.2%

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