Concordia Financial Group, Ltd. (TYO: 7186)

Concordia Financial Group Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest Income on Loans	190,451	186,972	157,647	141,504	139,737	144,977
Interest Income on Investments	55,286	53,868	39,414	30,619	24,974	27,771
Total Interest Income	245,737	240,840	197,061	172,123	164,711	172,748
Interest Paid on Deposits	21,063	19,699	10,831	2,161	2,495	7,976
Interest Paid on Borrowings	35,386	34,430	18,416	3,248	3,659	9,040
Total Interest Expense	56,449	54,129	29,247	5,409	6,154	17,016
Net Interest Income	189,288	186,711	167,814	166,714	158,557	155,732
Net Interest Income Growth (YoY)	11.44%	11.26%	0.66%	5.14%	1.81%	-6.55%
Trust Income	272	278	266	252	245	99
Income From Trading Activities	694	678	1,302	3,214	2,782	2,156
Gain (Loss) on Sale of Assets	-1,162	-845	-1,299	-3,417	-3,211	-2,211
Gain (Loss) on Sale of Investments	-	2,149	3,759	5,022	8,824	18,393
Other Non-Interest Income	119,772	114,339	110,580	106,364	115,167	112,840
Total Non-Interest Income	119,576	116,599	114,608	111,435	123,807	131,277
Non-Interest Income Growth (YoY)	3.88%	1.74%	2.85%	-9.99%	-5.69%	18.05%
Revenues Before Loan Losses	308,864	303,310	282,422	278,149	282,364	287,009
Provision for Loan Losses	7,565	11,830	15,436	9,779	31,599	26,833
Revenue	301,299	291,480	266,986	268,370	250,765	260,176
Revenue Growth (YoY)	12.20%	9.17%	-0.52%	7.02%	-3.62%	-4.61%
Selling, General & Administrative	132,824	133,552	125,540	131,131	136,888	134,818
Other Non-Interest Expense	66,545	81,771	62,877	58,400	75,684	56,215
Total Non-Interest Expense	199,369	215,323	188,417	189,531	212,572	191,033
EBT Excluding Unusual Items	101,930	76,157	78,569	78,839	38,193	69,143
Asset Writedown	-284	-188	-193	-255	-1,872	-501
Other Unusual Items	-4	15,421	2,155	-1	-7	-1
Pretax Income	101,642	91,390	80,531	78,583	36,314	68,641
Income Tax Expense	32,123	24,208	24,327	24,238	10,303	21,834
Earnings From Continuing Operations	69,519	67,182	56,204	54,345	26,011	46,807
Minority Interest in Earnings	-288	-251	-45	-464	-685	-271
Net Income	69,231	66,931	56,159	53,881	25,326	46,536
Net Income to Common	69,231	66,931	56,159	53,881	25,326	46,536
Net Income Growth	16.93%	19.18%	4.23%	112.75%	-45.58%	-14.27%
Basic Shares Outstanding	1,168	1,171	1,185	1,206	1,206	1,213
Diluted Shares Outstanding	1,169	1,171	1,185	1,206	1,207	1,213
Shares Change (YoY)	-1.06%	-1.19%	-1.75%	-0.04%	-0.51%	-2.94%
EPS (Basic)	59.25	57.16	47.40	44.68	20.99	38.38
EPS (Diluted)	59.25	57.16	47.39	44.67	20.99	38.37
EPS Growth	18.19%	20.62%	6.09%	112.82%	-45.30%	-11.67%
Dividend Per Share	23.000	23.000	19.000	18.000	16.000	16.000
Dividend Growth	21.05%	21.05%	5.56%	12.50%	0%	0%
Effective Tax Rate	31.60%	26.49%	30.21%	30.84%	28.37%	31.81%

Source: S&P Capital IQ. Banks template. Financial Sources.