Shizuoka Financial, The Current Fiscal Year Ordinary Profit Revised Upward by 4%, Dividend Revised Upward by 10 yen

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Wed Feb 12, 2025 3:30 pm JST Earnings

5831 Shizuoka Financial Group,Inc. 【J-GAAP】

Earnings Report

Shizuoka Financial Group,Inc. <5831> [TSE Prime] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 74.3 billion yen, a 2.0% decrease compared to the same period last year.

However, the full-year consolidated ordinary profit has been revised upward 4.2%, from the previous forecast of 96 billion yen to 100 billion yen (compared to 102 billion yen in the previous period), and the declining rate is expected to decrease from 6.1% to 2.2%.

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 8.7%, from the previous forecast of 46.1 billion yen to 50.1 billion yen (compared to 46.7 billion yen in the same period of the previous year), turning to a 7.1% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 50 yen to 60 yen (compared to 39 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 19.7% from the same period last year, reaching 24.4 billion yen.

Kabutan News

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	210,859	ー	55,803	39,654	70.3	75.4	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	257,094	ー	75,841	40,070	72.2	74.2	Feb 1, 2024	J-GAAP
Apr - Dec, 2024	244,529	ー	74,313	52,515	95.7	74.3	Feb 12, 2025	J-GAAP
YoY	-4.9%	－	-2.0%	+31.1%	+32.5%

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	ー	ー	46,119	31,182	57.5	25	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	ー	ー	50,119	38,182	70.5	35	Feb 12, 2025	J-GAAP
Revision Rate	－	－	+8.7%	+22.4%	+22.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	ー	ー	96,000	66,000	121.8	50	Nov 8, 2024	J-GAAP
Mar, 2025 New	ー	ー	100,000	73,000	134.7	60	Feb 12, 2025	J-GAAP
Revision Rate	－	－	+4.2%	+10.6%	+10.6%

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	167,018	ー	46,795	33,006	59.5	22	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	50,119	38,182	70.5	35	Feb 12, 2025	J-GAAP
YoY	－	－	+7.1%	+15.7%	+18.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	287,386	ー	73,964	52,397	92.9	30	May 11, 2023	J-GAAP
Mar, 2024	346,526	ー	102,224	57,760	104.2	39	May 10, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	100,000	73,000	134.7	60	Feb 12, 2025	J-GAAP
YoY	－	－	-2.2%	+26.4%	+29.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	77,586	ー	20,412	15,316	27.6	0.0	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	89,432	ー	26,383	17,690	31.9	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	84,914	ー	29,009	20,970	38.2	0.0	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	77,346	ー	20,872	13,848	25.2	0.0	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	82,269	ー	24,432	17,697	32.2	0.0	Feb 12, 2025	J-GAAP
YoY	+6.0%	－	+19.7%	+15.5%	+16.9%