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Aichi Financial Group,Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 2.0 times

Tue Nov 12, 2024 4:00 pm JST Earnings

7389 Aichi Financial Group,Inc. 【J-GAAP】

Earnings Report

Aichi Financial Group,Inc. <7389> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 9.99 billion yen, an increase of 31.1% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 2.0 times, from the previous forecast of 4.5 billion yen to 9.2 billion yen (compared to 12.5 billion yen in the previous period), and the declining rate is expected to decrease from 64.2% to 26.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 797 million yen (compared to a profit of 4.95 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.3 times that of the same period last year, reaching 3.06 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, 2023 44,051 ー 7,625 5,491 112.2 60.6 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 47,406 ー 9,997 7,134 145.5 108.7 Nov 12, 2024 J-GAAP
YoY +7.6% － +31.1% +29.9% +29.7%

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 9,900 7,100 144.7 50 Nov 5, 2024 J-GAAP
Apr - Sep, 2024 Results 47,406 ー 9,997 7,134 145.5 50 Nov 12, 2024 J-GAAP
Revision Rate － － +1.0% +0.5% +0.5%

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 4,500 1,000 20.4 100 May 14, 2024 J-GAAP
Mar, 2025 New ー ー 9,200 5,100 103.9 100 Nov 12, 2024 J-GAAP
Revision Rate － － +104.4% +410.0% +409.9%

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 44,636 ー 4,959 2,804 57.3 50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー ー -797 -2,034 -41.5 50 Nov 12, 2024 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 72,861 ー 5,237 81,806 1,930.5 50 May 15, 2023 J-GAAP
Mar, 2024 88,687 ー 12,584 8,295 169.4 100 May 14, 2024 J-GAAP
Mar, 2025 Guidance ー ー 9,200 5,100 103.9 100 Nov 12, 2024 J-GAAP
YoY － － -26.9% -38.5% -38.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 20,602 ー 1,338 971 19.8 0.0 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 22,327 ー 3,236 2,215 45.2 0.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 22,309 ー 1,723 589 12.0 0.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 24,081 6,934 6,934 5,003 102.1 28.8 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 23,325 ー 3,063 2,131 43.5 0.0 Nov 12, 2024 J-GAAP
YoY +13.2% － +128.9% +119.5% +119.1%

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