JAPAN SYSTEMBANK, First Half Ordinary Profit Unexpectedly Revised Upward by 1%

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Fri Feb 14, 2025 3:30 pm JST Earnings

5530 JAPAN SYSTEMBANK CORPORATION 【J-GAAP】

Earnings Report

JAPAN SYSTEMBANK CORPORATION <5530> [NSE Main] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) was 289 million yen, a 1.4% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 15.4% decrease.

The progress rate toward the full-year plan of 373 million yen was 77.5%, also surpassing the progress rate of 53.0% from the same period of the previous year.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (2H) is expected to significant drop 66.8% from the same period last year to 84 million yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit decreased to 151 million yen, a 4.4% decrease compared to the same period last year. The operating profit margin worsened from 8.5% in the same period last year to 7.6%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jul - Dec, 2023	3,674	290	285	180	158.3	53.0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024	3,902	292	289	184	161.4	77.5	Feb 14, 2025	J-GAAP
YoY	+6.2%	+0.7%	+1.4%	+2.2%	+1.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Guidance	3,789	247	241	157	137.1	24	Aug 9, 2024	J-GAAP
Jul - Dec, 2024 Results	3,902	292	289	184	161.4	24	Feb 14, 2025	J-GAAP
Revision Rate	+3.0%	+18.2%	+19.9%	+17.2%	+17.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	3,942	259	253	112	98.2	40	Aug 9, 2024	J-GAAP
Jan - Jun, 2025 Guidance	3,685	94	84	38	33.2	40	Feb 14, 2025	J-GAAP
YoY	-6.5%	-63.7%	-66.8%	-66.1%	-66.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2023	6,889	430	423	265	249.6	63	Aug 10, 2023	J-GAAP
Jun, 2024	7,616	549	538	292	256.1	64	Aug 9, 2024	J-GAAP
Jun, 2025 Guidance	7,587	386	373	222	193.8	64	Aug 9, 2024	J-GAAP
YoY	-0.4%	-29.7%	-30.7%	-24.0%	-24.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,874	160	158	105	92.3	8.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,825	73	70	54	47.4	4.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,117	186	183	58	50.9	8.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,943	144	138	90	78.7	7.4	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	1,959	148	151	94	82.4	7.6	Feb 14, 2025	J-GAAP
YoY	+4.5%	-7.5%	-4.4%	-10.5%	-10.7%