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

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%

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