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

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 79.1 53.0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 3,902 292 289 184 80.7 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 68.5 12 Aug 9, 2024 J-GAAP
Jul - Dec, 2024 Results 3,902 292 289 184 80.7 12 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 49.1 20 Aug 9, 2024 J-GAAP
Jan - Jun, 2025 Guidance 3,685 94 84 38 16.6 20 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 6,889 430 423 265 124.8 31.50 Aug 10, 2023 J-GAAP
Jun, 2024 7,616 549 538 292 128.1 32 Aug 9, 2024 J-GAAP
Jun, 2025 Guidance 7,587 386 373 222 96.9 32 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 46.2 8.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,825 73 70 54 23.7 4.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,117 186 183 58 25.4 8.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,943 144 138 90 39.4 7.4 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 1,959 148 151 94 41.2 7.6 Feb 14, 2025 J-GAAP
YoY +4.5% -7.5% -4.4% -10.5% -10.7%

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