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Kyoto Financial Group,Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 7%, Exceeded record profit forecast

Thu Nov 14, 2024 3:30 pm JST Earnings

5844 Kyoto Financial Group,Inc. 【J-GAAP】

Earnings Report

Kyoto Financial Group,Inc. <5844> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 10.7% from the same period last year, reaching 29.6 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 7.1%, from the previous forecast of 46.2 billion yen to 49.5 billion yen (compared to 43.5 billion yen in the previous period), increasing the growth rate from 6.0% to 13.6%. The company has further increased its previous forecast of record profits for the first time in six years.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 18.3% from the same period last year, reaching 19.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 6.55 billion yen, a 0.2% decrease compared to the same period last year.

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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
Apr - Sep, 2022 65,771 ー 22,218 15,959 53.1 58.2 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 69,982 ー 26,834 19,217 64.6 61.6 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 82,762 ー 29,692 21,247 72.7 60.0 Nov 14, 2024 J-GAAP
YoY +18.3% － +10.7% +10.6% +12.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 77,400 ー 26,900 19,500 66.7 30 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 82,762 ー 29,692 21,247 72.7 30 Nov 14, 2024 J-GAAP
Revision Rate +6.9% － +10.4% +9.0% +9.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 152,400 ー 46,200 33,000 113.1 60 May 14, 2024 J-GAAP
Mar, 2025 New 161,600 ー 49,500 35,000 120.0 60 Nov 14, 2024 J-GAAP
Revision Rate +6.0% － +7.1% +6.1% +6.1%

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 67,709 ー 16,740 12,355 41.7 35 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 78,838 ー 19,808 13,753 47.1 30 Nov 14, 2024 J-GAAP
YoY +16.4% － +18.3% +11.3% +13.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 124,333 ー 38,177 27,213 90.7 35 May 12, 2023 J-GAAP
Mar, 2024 137,691 ー 43,574 31,572 106.6 55 May 14, 2024 J-GAAP
Mar, 2025 Guidance 161,600 ー 49,500 35,000 120.0 60 Nov 14, 2024 J-GAAP
YoY +17.4% － +13.6% +10.9% +12.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 28,507 ー 6,565 4,321 14.5 0.0 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 39,031 ー 16,106 12,361 41.6 0.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 28,678 ー 634 -6 0.0 0.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 47,703 ー 23,137 16,939 58.0 0.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 35,059 ー 6,555 4,308 14.7 0.0 Nov 14, 2024 J-GAAP
YoY +23.0% － -0.2% -0.3% +1.4%

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