KYUSHU FINANCIAL GROUP (7180) Q1 2025 earnings summary

Executive summary

• Ordinary income for the three months ended June 30, 2024, was ¥57,456 million, down ¥2,494 million year-over-year due to lower other ordinary income.

• Ordinary profit declined by ¥3,840 million to ¥13,416 million, and profit attributable to owners of parent fell by ¥2,895 million to ¥9,292 million.

• Comprehensive income turned negative at ¥(3,454) million, compared to ¥26,268 million in the prior year period.

Financial highlights

• Ordinary income: ¥57,456 million (down 4.1% year-over-year).

• Ordinary profit: ¥13,416 million (down 22.2% year-over-year).

• Profit attributable to owners of parent: ¥9,292 million (down 23.7% year-over-year).

• Earnings per share: ¥21.47 (down from ¥28.17 year-over-year).

• Total assets increased to ¥13,760,769 million from ¥13,521,248 million at March 31, 2024.

• Net assets decreased to ¥709,922 million from ¥717,615 million at March 31, 2024.

Outlook and guidance

• Full-year forecast for FY ending March 31, 2025, unchanged: ordinary profit ¥37,000 million (up 3.7% year-over-year), profit attributable to owners of parent ¥25,500 million (up 3.3%), EPS ¥58.94.

• Interim forecast: ordinary profit ¥17,000 million (up 25.2%), profit attributable to owners of parent ¥12,000 million (up 23.7%), EPS ¥27.73.

• Guidance may be revised depending on policy rate changes and market/economic conditions.