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SBI Insurance Group Co., Ltd., First Half Ordinary Profit Increases by 0.3％

Tue Nov 12, 2024 3:30 pm JST Earnings

7326 SBI Insurance Group Co., Ltd. 【J-GAAP】

Earnings Report

SBI Insurance Group Co., Ltd. <7326> [TSE-G] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 4.86 billion yen, a 0.3% increase compared to the same period last year. The progress rate against the 9.3 billion yen full-year plan was 52.3%, it was below the five-year average of 55.8%.

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 expand by 31.0% from the same period last year, reaching 4.43 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 22.4% from the same period last year, reaching 1.15 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 47,897 ー 4,154 1,493 60.2 65.9 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 52,507 ー 4,851 1,667 67.2 58.9 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 57,362 ー 4,867 1,626 65.5 52.3 Nov 12, 2024 J-GAAP
YoY +9.2% － +0.3% -2.5% -2.5%

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 57,362 ー 4,867 1,626 65.5 0 Oct 29, 2024 J-GAAP
Apr - Sep, 2024 Results 57,362 ー 4,867 1,626 65.5 0 Nov 12, 2024 J-GAAP
Revision Rate 0.0% － 0.0% 0.0% +0.0%

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 56,832 ー 3,385 -217 -8.8 18 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 58,638 ー 4,433 174 7.0 20 Oct 29, 2024 J-GAAP
YoY +3.2% － +31.0% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 96,110 ー 6,308 1,240 50.0 10 May 11, 2023 J-GAAP
Mar, 2024 109,339 ー 8,236 1,450 58.5 18 May 9, 2024 J-GAAP
Mar, 2025 Guidance 116,000 ー 9,300 1,800 72.5 20 May 9, 2024 J-GAAP
YoY +6.1% － +12.9% +24.1% +24.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 24,599 ー 945 -485 -19.6 0.0 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 25,959 ー 1,576 64 2.6 0.0 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 30,873 ー 1,809 -281 -11.3 0.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 30,916 ー 3,710 2,050 82.6 0.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 26,446 ー 1,157 -424 -17.1 0.0 Nov 12, 2024 J-GAAP
YoY +7.5% － +22.4% +12.6% +12.6%

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