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Japan Securities Finance Co.,Ltd., First Half Ordinary Profit Increases by 5%

Mon Nov 11, 2024 4:00 pm JST Earnings

8511 Japan Securities Finance Co.,Ltd. 【J-GAAP】

Earnings Report

Japan Securities Finance Co.,Ltd. <8511> [TSE-P] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 5.3% from the same period last year, reaching 6.83 billion yen. The progress rate against the 12.4 billion yen full-year plan was 55.1%, it was below the five-year average of 58.2%.

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 grow by 22.8% from the same period last year, reaching 5.56 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 3.15 billion yen, an increase of 0.8% compared to the same period last year. However, the operating profit margin decreased from 26.5% in the same period last year to 19.2%.

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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 21,081 4,526 5,135 4,110 46.1 67.6 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 24,793 6,058 6,489 4,682 54.3 58.9 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 27,491 6,276 6,831 6,217 74.2 55.1 Nov 11, 2024 J-GAAP
YoY +10.9% +3.6% +5.3% +32.8% +36.6%

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 27,491 6,276 6,831 6,217 74.5 42 Nov 5, 2024 J-GAAP
Apr - Sep, 2024 Results 27,491 6,276 6,831 6,217 74.2 42 Nov 11, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% -0.4%

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 25,466 4,122 4,535 3,348 39.2 30 May 7, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー 5,124 5,569 3,883 47.1 42 Nov 5, 2024 J-GAAP
YoY － +24.3% +22.8% +16.0% +20.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 42,518 6,354 7,601 5,966 67.8 32 May 9, 2023 J-GAAP
Mar, 2024 50,259 10,180 11,024 8,030 94.0 47 May 7, 2024 J-GAAP
Mar, 2025 Guidance ー 11,400 12,400 10,100 122.6 84 Aug 2, 2024 J-GAAP
YoY － +12.0% +12.5% +25.8% +30.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,051 2,929 3,125 2,229 25.9 26.5 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 12,419 3,058 3,246 2,378 27.7 24.6 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 13,047 1,064 1,289 970 11.4 8.2 May 7, 2024 J-GAAP
Apr - Jun, 2024 12,397 3,379 3,681 3,380 40.3 27.3 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 15,094 2,897 3,150 2,837 33.9 19.2 Nov 11, 2024 J-GAAP
YoY +36.6% -1.1% +0.8% +27.3% +30.9%

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