Concordia Financial Group ( (CCRDF) ) has released its Q3 earnings. Here is a breakdown of the information Concordia Financial Group presented to its investors.
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Concordia Financial Group, Ltd. is a prominent Japanese financial institution listed on the Tokyo Stock Exchange, primarily operating within the banking sector. Known for its extensive network and customer-oriented services, Concordia focuses on offering comprehensive financial solutions.
In its latest earnings report for the nine months ending December 31, 2024, Concordia Financial Group showed a robust performance with significant growth in both revenue and profits. The company reported an increase in ordinary income by 10.3% to ¥288,902 million and ordinary profit by 67.2% to ¥93,320 million, compared to the previous year.
Key financial highlights include a notable rise in profit attributable to owners of the parent, which grew by 16.3% to ¥62,758 million. The improvement was largely driven by an increase in interest on loans and bills discounted, as well as higher fees and commissions from domestic operations. Additionally, ordinary expenses decreased, contributing to the enhanced profit margins.
Total assets of Concordia increased to ¥24,839.1 billion, up by ¥457.4 billion from the previous year’s end. Despite a decrease in total net assets to ¥1,279.6 billion, the company maintained a stable own capital ratio. Concordia also announced plans to increase its annual dividend per share, reflecting confidence in its financial health.
Looking ahead, Concordia Financial Group remains optimistic about its future, with earnings forecasts indicating continued growth in ordinary profit and profits attributable to owners of the parent for the fiscal year ending March 31, 2025. The company continues to focus on strengthening its solutions business and enhancing operational efficiency.
