JAPAN POST BANK Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 10%, Dividend Revised Upward by 4 yen

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Thu Nov 14, 2024 3:30 pm JST Earnings

7182 JAPAN POST BANK Co.,Ltd. 【J-GAAP】

Earnings Report

JAPAN POST BANK Co.,Ltd. <7182> [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) increased by 26.6% from the same period last year, reaching 321 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 9.5%, from the previous forecast of 525 billion yen to 575 billion yen (compared to 496 billion yen in the previous period), increasing the growth rate from 5.8% to 15.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 4.7% from the same period last year, reaching 253 billion yen.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 52 yen to 56 yen (compared to 51 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 35.7% from the same period last year, reaching 183 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	928,818	ー	220,140	158,645	42.3	48.3	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	1,299,521	ー	253,816	182,187	50.3	51.2	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	1,255,143	ー	321,423	222,832	61.6	55.9	Nov 14, 2024	J-GAAP
YoY	-3.4%	－	+26.6%	+22.3%	+22.4%

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	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	1,255,143	ー	321,423	222,832	61.6	0	Nov 14, 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	525,000	365,000	100.9	52	May 15, 2024	J-GAAP
Mar, 2025 New	ー	ー	575,000	400,000	110.6	56	Nov 14, 2024	J-GAAP
Revision Rate	－	－	+9.5%	+9.6%	+9.6%

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	1,352,185	ー	242,243	173,946	48.1	51	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	253,577	177,168	49.0	56	Nov 14, 2024	J-GAAP
YoY	－	－	+4.7%	+1.9%	+1.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,064,251	ー	455,566	325,070	86.8	50	May 15, 2023	J-GAAP
Mar, 2024	2,651,706	ー	496,059	356,133	98.4	51	May 15, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	575,000	400,000	110.6	56	Nov 14, 2024	J-GAAP
YoY	－	－	+15.9%	+12.3%	+12.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	656,038	ー	135,352	95,370	26.3	0.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	634,662	ー	113,217	81,143	22.4	0.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	717,523	ー	129,026	92,803	25.7	0.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	605,668	ー	137,711	96,233	26.6	0.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	649,475	ー	183,712	126,599	35.0	0.0	Nov 14, 2024	J-GAAP
YoY	-1.0%	－	+35.7%	+32.7%	+32.9%