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Yamaguchi Financial Group,Inc., First Half Ordinary Profit Increases by 24%

Fri Nov 8, 2024 3:30 pm JST Earnings

8418 Yamaguchi Financial Group,Inc. 【J-GAAP】

Earnings Report

Yamaguchi Financial Group,Inc. <8418> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 23.7% from the same period last year, reaching 24.6 billion yen, exceeded the previous forecast of 20.5 billion yen.

The progress rate against the 47.5 billion yen full-year plan was 51.9%, almost the same as the five-year average of 50.9%.

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 31.6% from the same period last year, reaching 22.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 18.3% from the same period last year, reaching 8.59 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 74,312 ー 16,659 12,264 52.2 64.8 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 89,479 ー 19,938 13,571 60.8 53.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 106,807 ー 24,667 16,172 75.0 51.9 Nov 8, 2024 J-GAAP
YoY +19.4% － +23.7% +19.2% +23.3%

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 20,500 14,300 66.5 30 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 106,807 ー 24,667 16,172 75.0 30 Nov 8, 2024 J-GAAP
Revision Rate － － +20.3% +13.1% +12.6%

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 95,274 ー 17,344 11,645 52.7 22 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー ー 22,833 16,828 79.8 30 Nov 8, 2024 J-GAAP
YoY － － +31.6% +44.5% +51.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 157,324 ー 25,698 17,894 77.4 31 May 12, 2023 J-GAAP
Mar, 2024 184,753 ー 37,282 25,216 114.2 43 May 10, 2024 J-GAAP
Mar, 2025 Guidance ー ー 47,500 33,000 156.5 60 May 10, 2024 J-GAAP
YoY － － +27.4% +30.9% +37.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 43,799 ー 7,265 4,798 21.5 0.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 45,852 ー 12,061 8,032 36.2 0.0 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 49,422 ー 5,283 3,613 16.4 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 55,485 ー 16,069 11,501 53.1 0.0 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 51,322 ー 8,598 4,671 21.7 0.0 Nov 8, 2024 J-GAAP
YoY +17.2% － +18.3% -2.6% +0.7%

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