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SUN LIFE HOLDINGS, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 9%, Oct-Dec Ordinary Profit Decreases by 22%

Mon Feb 10, 2025 3:00 pm JST Earnings

7040 SUN LIFE HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

SUN LIFE HOLDINGS CO.,LTD. <7040> [TSE Std] announced its financial results in the afternoon session on February 10th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 8.6% from the same period last year to 0.85 billion yen. The progress rate toward the full-year plan of 1.38 billion yen was 62.1%, also falling below the five-year average of 71.3%.

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 grow 29.8% from the same period last year, reaching 0.52 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.32 billion yen, a 22.2% decrease compared to the same period last year. The operating profit margin decreased from 11.0% in the same period last year to 8.6%.

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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 9,150 572 639 90 14.8 65.9 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 9,965 871 938 551 90.1 69.9 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 10,065 785 857 508 83.1 62.1 Feb 10, 2025 J-GAAP
YoY +1.0% -9.9% -8.6% -7.8% -7.8%

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 7,115 755 818 822 134.3 17 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,268 818 846 489 79.9 17 Nov 11, 2024 J-GAAP
YoY +2.2% +8.3% +3.4% -40.5% -40.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,600 863 970 357 58.3 33 May 9, 2023 J-GAAP
Mar, 2024 13,502 1,232 1,341 1,116 182.3 33 May 9, 2024 J-GAAP
Mar, 2025 Guidance 13,800 1,300 1,380 800 130.7 33 May 9, 2024 J-GAAP
YoY +2.2% +5.5% +2.9% -28.3% -28.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,578 394 415 257 42.0 11.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,537 361 403 565 92.3 10.2 May 9, 2024 J-GAAP
Apr - Jun, 2024 3,258 224 249 163 26.7 6.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 3,274 258 285 148 24.2 7.9 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 3,533 303 323 197 32.2 8.6 Feb 10, 2025 J-GAAP
YoY -1.3% -23.1% -22.2% -23.3% -23.3%

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