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Daishi Hokuetsu Financial Group, Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 7%, Adds to Record High Profit Forecast

Fri Nov 8, 2024 1:00 pm JST Earnings

7327 Daishi Hokuetsu Financial Group, Inc. 【J-GAAP】

Earnings Report

Daishi Hokuetsu Financial Group, Inc. <7327> [TSE-P] announced its financial results in the afternoon session on November 8th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 15.4% from the same period last year, reaching 20.4 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 7.2%, from the previous forecast of 33.2 billion yen to 35.6 billion yen (compared to 30.8 billion yen in the previous period), increasing the growth rate from 7.6% to 15.3%, further surpassing the previous forecast of record-high profits for four consecutive terms.

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 15.2% from the same period last year, reaching 15.1 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 135 yen to 168 yen (compared to 145 yen before the 1-to-2 stock split in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 29.9% from the same period last year, reaching 5.64 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 77,709 ー 17,382 12,370 45.4 69.4 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 95,714 ー 17,692 13,810 51.2 57.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 96,574 ー 20,418 14,651 55.8 57.4 Nov 8, 2024 J-GAAP
YoY +0.9% － +15.4% +6.1% +8.9%

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 20,000 14,200 54.3 15 Jul 26, 2024 J-GAAP
Apr - Sep, 2024 Results 96,574 ー 20,418 14,651 55.8 18.67 Nov 8, 2024 J-GAAP
Revision Rate － － +2.1% +3.2% +2.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev ー ー 33,200 23,000 87.9 30 Jul 26, 2024 J-GAAP
Mar, 2025 New ー ー 35,600 25,000 95.5 37.33 Nov 8, 2024 J-GAAP
Revision Rate － － +7.2% +8.7% +8.7%

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 86,344 ー 13,176 7,393 27.6 12.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー ー 15,182 10,349 39.6 18.66 Nov 8, 2024 J-GAAP
YoY － － +15.2% +40.0% +43.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 148,759 ー 25,048 17,768 65.3 20 May 12, 2023 J-GAAP
Mar, 2024 182,058 ー 30,868 21,203 79.1 24.17 May 10, 2024 J-GAAP
Mar, 2025 Guidance ー ー 35,600 25,000 95.5 37.33 Nov 8, 2024 J-GAAP
YoY － － +15.3% +17.9% +20.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 47,095 ー 4,342 2,935 10.9 0.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 41,980 ー 7,178 4,929 18.3 0.0 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 44,364 ー 5,998 2,464 9.2 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 52,109 ー 14,776 10,751 40.9 0.0 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 44,465 ー 5,642 3,900 14.9 0.0 Nov 8, 2024 J-GAAP
YoY -5.6% － +29.9% +32.9% +36.5%

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