LIFENET INSURANCE COMPANY, First Half Net Income Increases by 14%, July-September Net Income Increases by 27%

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Thu Nov 14, 2024 3:30 pm JST Earnings

7157 LIFENET INSURANCE COMPANY 【J-GAAP】

Earnings Report

LIFENET INSURANCE COMPANY <7157> [TSE-G] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 14.2% from the same period last year, reaching 3.15 billion yen. The progress rate against the 6.2 billion yen full-year plan was 50.8%, almost the same as the same period of the previous year of 48.1%.

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 grow by 2.5% from the same period last year, reaching 3.04 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew by 27.3% from the same period last year, reaching 1.26 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	10,025	ー	2,147	1,437	20.6	40.2	Nov 10, 2022	IFRS
Apr - Sep, 2023	11,766	ー	3,926	2,759	39.0	47.6	Nov 15, 2023	IFRS
Apr - Sep, 2024	ー	ー	4,378	3,152	39.3	ー	Nov 14, 2024	IFRS
YoY	－	－	+11.5%	+14.2%	+0.6%

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	－	0	May 14, 2024	IFRS
Apr - Sep, 2024 Results	ー	ー	4,378	3,152	39.3	0	Nov 14, 2024	IFRS
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	30,000	ー	ー	6,200	77.2	0	May 14, 2024	IFRS
Mar, 2025 New	ー	ー	ー	6,200	77.2	0	Nov 14, 2024	IFRS
Revision Rate	－	－	－	0.0%	0.0%

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	12,932	ー	4,325	2,975	39.4	0	May 14, 2024	IFRS
Oct - Mar, 2024 Guidance	ー	ー	ー	3,048	38.0	0	Nov 14, 2024	IFRS
YoY	－	－	－	+2.5%	-3.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	20,732	ー	5,343	3,562	51.1	0	May 11, 2023	IFRS
Mar, 2024	24,698	ー	8,251	5,734	76.0	0	May 14, 2024	IFRS
Mar, 2025 Guidance	ー	ー	ー	6,200	77.2	0	Nov 14, 2024	IFRS
YoY	－	－	－	+8.1%	+1.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,266	ー	1,405	994	14.1	0.0	Nov 15, 2023	IFRS
Oct - Dec, 2023	6,321	ー	2,289	1,606	21.7	0.0	Feb 13, 2024	IFRS
Jan - Mar, 2024	6,611	ー	2,036	1,369	18.1	0.0	May 14, 2024	IFRS
Apr - Jun, 2024	6,776	ー	2,621	1,887	23.5	0.0	Aug 14, 2024	IFRS
Jul - Sep, 2024	ー	ー	1,757	1,265	15.8	ー	Nov 14, 2024	IFRS
YoY	－	－	+25.1%	+27.3%	+12.0%