Agent Insurance Group, Inc., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 97%, July-September Ordinary Profit Increases by 46%

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Thu Nov 14, 2024 3:30 pm JST Earnings

5836 Agent Insurance Group, Inc. 【J-GAAP】

Earnings Report

Agent Insurance Group, Inc. <5836> [NSE-M] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 156 million yen, an increase of 97.5% compared to the same period last year. The progress rate against the 261 million yen full-year plan was 59.8%, exceeding the same period of the previous year of 51.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 40.0% from the same period last year, reaching 105 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 45.8% from the same period last year, reaching 70 million yen. However, the operating profit margin drastically worsened from 5.3% in the same period last year to 2.3%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2023	2,588	80	79	51	22.2	51.3	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	5,049	162	156	85	36.6	59.8	Nov 14, 2024	J-GAAP
YoY	+95.1%	+102.5%	+97.5%	+66.7%	+64.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	1,863	122	123	82	35.4	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	5,841	183	175	107	46.1	0	Aug 14, 2024	J-GAAP
YoY	+213.5%	+50.0%	+42.3%	+30.5%	+30.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	3,267	197	187	112	56.9	0	Feb 14, 2023	J-GAAP
Dec, 2023	3,547	154	154	102	44.0	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	7,763	274	261	152	65.4	0	Feb 14, 2024	J-GAAP
YoY	+118.9%	+77.9%	+69.5%	+49.0%	+48.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	904	48	48	31	13.5	5.3	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	959	74	75	51	22.0	7.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	900	22	21	9	4.0	2.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,022	69	65	36	15.8	6.8	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	3,127	71	70	40	17.2	2.3	Nov 14, 2024	J-GAAP
YoY	+245.9%	+47.9%	+45.8%	+29.0%	+27.5%