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JAPAN POST INSURANCE Co. , Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 10%

Thu Nov 14, 2024 3:30 pm JST Earnings

7181 JAPAN POST INSURANCE Co. , Ltd. 【J-GAAP】

Earnings Report

JAPAN POST INSURANCE Co. , Ltd. <7181> [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) expanded to 166 billion yen, an increase of 68.0% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 10.0%, from the previous forecast of 200 billion yen to 220 billion yen (compared to 161 billion yen in the previous period), increasing the growth rate from 24.1% to 36.5%.

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 decrease by 14.1% from the same period last year to 53.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 76.2% from the same period last year, reaching 98.7 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 3,202,443 ー 34,541 48,293 121.6 29.4 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 3,113,961 ー 99,311 50,437 131.8 61.6 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 2,943,451 ー 166,880 62,887 164.3 75.9 Nov 14, 2024 J-GAAP
YoY -5.5% － +68.0% +24.7% +24.7%

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 － 52 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 2,943,451 ー 166,880 62,887 164.3 52 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 5,960,000 ー 200,000 79,000 206.4 104 May 15, 2024 J-GAAP
Mar, 2025 New 6,130,000 ー 220,000 120,000 313.5 104 Nov 14, 2024 J-GAAP
Revision Rate +2.9% － +10.0% +51.9% +51.9%

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 3,630,173 ー 61,862 36,619 95.7 47 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,186,549 ー 53,120 57,113 149.2 52 Nov 14, 2024 J-GAAP
YoY -12.2% － -14.1% +56.0% +56.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,379,561 ー 117,570 97,614 249.5 92 May 15, 2023 J-GAAP
Mar, 2024 6,744,134 ー 161,173 87,056 227.5 94 May 15, 2024 J-GAAP
Mar, 2025 Guidance 6,130,000 ー 220,000 120,000 313.5 104 Nov 14, 2024 J-GAAP
YoY -9.1% － +36.5% +37.8% +37.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,520,180 ー 56,066 29,399 76.8 0.0 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,446,786 ー 26,112 14,717 38.5 0.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,183,387 ー 35,750 21,902 57.2 0.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,465,428 ー 68,114 20,948 54.7 0.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,478,023 ー 98,766 41,939 109.6 0.0 Nov 14, 2024 J-GAAP
YoY -2.8% － +76.2% +42.7% +42.7%

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