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Nishi-Nippon Financial, The Current Fiscal Year Ordinary Profit Revised Upward by 7%, Exceeded Record Profit Forecast, Dividend Revised Upward by 10 yen

Mon Feb 10, 2025 3:30 pm JST Earnings

7189 Nishi-Nippon Financial Holdings,Inc. 【J-GAAP】

Earnings Report

Nishi-Nippon Financial Holdings,Inc. <7189> [TSE Prime] announced its financial results after the market closed on February 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 20.3% from the same period last year, reaching 35 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 6.6%, from the previous forecast of 41 billion yen to 43.7 billion yen (compared to 35.6 billion yen in the previous period), increasing the growth rate from 15.1% to 22.7%. The company has further increased its previous forecast of record profits for the first time in three years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 15.5%, from the previous forecast of 17.4 billion yen to 20.1 billion yen (compared to 13.3 billion yen in the same period of the previous year), increasing the growth rate from 30.7% to 51.0%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 65 yen to 75 yen (compared to 55 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 67.6% from the same period last year, reaching 11.4 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 121,220 32,621 25,823 179.2 96.9 Feb 6, 2023 J-GAAP
Apr - Dec, 2023 138,724 29,116 19,856 140.5 81.8 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 144,072 35,031 23,834 170.0 80.2 Feb 10, 2025 J-GAAP
YoY +3.9% +20.3% +20.0% +21.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 17,401 10,580 76.0 35 Nov 6, 2024 J-GAAP
Oct - Mar, 2024 New 20,101 13,580 97.5 45 Feb 10, 2025 J-GAAP
Revision Rate +15.5% +28.4% +28.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 41,000 27,000 193.9 65 Nov 6, 2024 J-GAAP
Mar, 2025 New 43,700 30,000 215.4 75 Feb 10, 2025 J-GAAP
Revision Rate +6.6% +11.1% +11.1%

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 94,334 13,316 8,169 57.9 30 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 20,101 13,580 97.5 45 Feb 10, 2025 J-GAAP
YoY +51.0% +66.2% +68.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 160,448 33,677 26,064 181.6 45 May 12, 2023 J-GAAP
Mar, 2024 185,595 35,609 23,576 167.1 55 May 8, 2024 J-GAAP
Mar, 2025 Guidance 43,700 30,000 215.4 75 Feb 10, 2025 J-GAAP
YoY +22.7% +27.2% +28.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 47,463 6,823 4,449 31.5 0.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 46,871 6,493 3,720 26.4 0.0 May 8, 2024 J-GAAP
Apr - Jun, 2024 50,794 15,201 10,372 73.9 0.0 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 44,061 8,398 6,048 43.1 0.0 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 49,217 11,432 7,414 52.9 0.0 Feb 10, 2025 J-GAAP
YoY +3.7% +67.6% +66.6% +68.0%

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