Yamaguchi Financial Group (8418) Q1 2025 earnings summary

Executive summary

• Ordinary income rose 21.5% year-over-year to ¥55,485 million for the three months ended June 30, 2024.

• Ordinary profit increased 26.8% year-over-year to ¥16,069 million, and profit attributable to owners of parent grew 31.1% to ¥11,501 million.

• Basic earnings per share for the quarter was ¥53.12, up from ¥39.08 a year earlier.

Financial highlights

• Total assets increased to ¥12,785,571 million as of June 30, 2024, from ¥12,548,539 million at March 31, 2024.

• Net assets decreased to ¥646,333 million from ¥655,736 million at the previous fiscal year-end.

• Capital adequacy ratio declined to 5.0% from 5.2% at March 31, 2024.

• Comprehensive income for the quarter was negative ¥3,075 million, compared to ¥22,066 million in the prior year period, mainly due to a large negative valuation difference on available-for-sale securities.

Outlook and guidance

• Full-year ordinary profit forecast is ¥47,500 million, up 27.4% year-over-year; profit attributable to owners of parent is projected at ¥33,000 million, up 30.9%.

• Full-year basic earnings per share forecast is ¥152.66.

• Dividend forecast for the fiscal year ending March 31, 2025, is ¥60.00 per share.