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JAPAN POST HOLDINGS Co.,Ltd., First Half Ordinary Profit Increases by 38%, July-September Ordinary Profit Increases by 55%

Thu Nov 14, 2024 3:30 pm JST Earnings

6178 JAPAN POST HOLDINGS Co.,Ltd. 【J-GAAP】

Earnings Report

JAPAN POST HOLDINGS Co.,Ltd. <6178> [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) expanded to 463 billion yen, an increase of 38.2% compared to the same period last year. The progress rate against the 760 billion yen full-year plan was 61.0%, also surpassing the five-year average of 47.2%.

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 October to March period (second half) is expected to decrease by 10.9% from the same period last year to 296 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 55.3% from the same period last year, reaching 251 billion yen.

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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 5,450,460 ー 294,501 205,975 56.8 44.8 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 5,618,183 ー 335,255 120,239 35.0 50.2 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 5,511,971 ー 463,397 139,496 44.0 61.0 Nov 14, 2024 J-GAAP
YoY -1.9% － +38.2% +16.0% +25.8%

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 ー ー ー ー － 25 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 5,511,971 ー 463,397 139,496 44.0 25 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

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 6,363,969 ー 333,061 148,446 44.3 25 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,768,029 ー 296,603 140,504 47.3 25 Nov 14, 2024 J-GAAP
YoY -9.4% － -10.9% -5.4% +6.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 11,138,570 ー 657,663 431,045 120.8 50 May 15, 2023 J-GAAP
Mar, 2024 11,982,152 ー 668,316 268,685 80.3 50 May 15, 2024 J-GAAP
Mar, 2025 Guidance 11,280,000 ー 760,000 280,000 94.2 50 May 15, 2024 J-GAAP
YoY -5.9% － +13.7% +4.2% +17.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,770,242 ー 162,245 128,774 37.5 0.0 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 2,814,424 ー 185,073 101,740 30.0 0.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 3,549,545 ー 147,988 46,706 14.0 0.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,735,888 ー 211,449 74,708 23.4 0.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,776,083 ー 251,948 64,788 20.4 0.0 Nov 14, 2024 J-GAAP
YoY +0.2% － +55.3% -49.7% -45.4%

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