Okinawa Financial, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 18%, Oct-Dec Ordinary Profit Increases by 10%

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Fri Feb 7, 2025 12:00 pm JST Earnings

7350 Okinawa Financial Group,Inc. 【J-GAAP】

Earnings Report

Okinawa Financial Group,Inc. <7350> [TSE Prime] announced its financial results at noon (12:00) on February 7th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 17.5% from the same period last year, reaching 8 billion yen. The progress rate toward the full-year plan of 9.3 billion yen was 86.1%, also surpassing the five-year average of 73.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 36.0% from the same period last year to 1.29 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 9.8% from the same period last year, reaching 2.56 billion yen.

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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
Apr - Dec, 2022	39,383	ー	8,055	5,662	242.9	93.9	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	40,655	ー	6,812	4,635	214.3	77.1	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	42,861	ー	8,006	5,441	254.8	86.1	Feb 7, 2025	J-GAAP
YoY	+5.4%	－	+17.5%	+17.4%	+18.9%

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	25,909	ー	4,353	3,099	143.8	40	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	26,652	ー	3,855	2,775	130.1	45	Nov 8, 2024	J-GAAP
YoY	+2.9%	－	-11.4%	-10.5%	-9.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	52,687	ー	8,581	5,835	251.0	80	May 12, 2023	J-GAAP
Mar, 2024	53,573	ー	8,833	6,262	290.5	80	May 10, 2024	J-GAAP
Mar, 2025 Guidance	55,000	ー	9,300	6,600	309.4	90	Nov 8, 2024	J-GAAP
YoY	+2.7%	－	+5.3%	+5.4%	+6.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	12,991	ー	2,332	1,472	68.1	0.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	12,918	ー	2,021	1,627	75.5	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	13,806	ー	2,629	1,698	79.6	0.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	14,542	ー	2,816	2,127	99.6	0.0	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	14,513	ー	2,561	1,616	75.7	0.0	Feb 7, 2025	J-GAAP
YoY	+11.7%	－	+9.8%	+9.8%	+11.2%