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Fukuoka Financial, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 45%, Oct-Dec Ordinary Profit Increases by 2.1 times

Wed Feb 5, 2025 3:30 pm JST Earnings

8354 Fukuoka Financial Group, Inc. 【J-GAAP】

Earnings Report

Fukuoka Financial Group, Inc. <8354> [TSE Prime] announced its financial results after the market closed on February 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 86.3 billion yen, an increase 45.3% compared to the same period last year. The progress rate toward the full-year plan of 105 billion yen was 81.9%, it was below the five-year average of 92.1%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to March period (4Q) is expected to turn into a profit of 19.1 billion yen (compared to a loss of 2.51 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.1 times that of the same period last year, reaching 30.7 billion yen.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 248,298 ー 47,301 32,649 173.3 94.5 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 295,912 ー 59,449 62,092 330.0 104.4 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 339,166 ー 86,393 60,735 321.2 81.9 Feb 5, 2025 J-GAAP
YoY +14.6% － +45.3% -2.2% -2.7%

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 210,274 ー 12,481 30,891 164.0 57.50 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー ー 49,867 32,820 173.6 70 Nov 11, 2024 J-GAAP
YoY － － +299.5% +6.2% +5.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 331,323 ー 50,050 31,152 165.5 105 May 12, 2023 J-GAAP
Mar, 2024 404,743 ー 56,937 61,178 324.8 115 May 13, 2024 J-GAAP
Mar, 2025 Guidance ー ー 105,500 72,000 380.8 135 Nov 11, 2024 J-GAAP
YoY － － +85.3% +17.7% +17.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 101,443 ー 14,993 31,805 169.0 0.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 108,831 ー -2,512 -914 -4.9 0.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 109,094 ー 30,674 20,918 110.6 0.0 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 115,793 ー 24,959 18,262 96.6 0.0 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 114,279 ー 30,760 21,555 114.0 0.0 Feb 5, 2025 J-GAAP
YoY +12.7% － +105.2% -32.2% -32.6%

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