April 25, 2024

Notice of Revision of the Financial Forecast for FY2023
and Notice of the Financial Forecast for FY2024

Stock exchange listing : Tokyo Prime Market (code : 8713)
URL : http://www.fidea.co.jp/
Representative : Masahiro Niino, President & CEO
Inquiries : Norio Miyashita, Vice President & CFO
We have revised our financial forecast for FY2023 (FY ending March 31, 2024), which had been announced onMay 12, 2023. And we announce the financial forecast for the FY2024 (FY ending March 31, 2025).
1. Revision of the Financial Forecast for FY2023
Consolidated for FY ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Profit attributable toOrdinary profit
Earnings per shareowners of parent
Million of Yen

Million of Yen

Yen

Previous Forecast (A)
2,900
1,800
99.54
Revised Forecast (B)
3,500
1,100
60.84
Differense (B-A)
600(700)
Change (％)
20.6(38.8)(Reference)
5,543
3,266
179.19Previous FY (actural)
Reason for the Revision
Ordinary profit is expected to exceed the previous forecast, as interest and dividends on securities andgains/losses related to stocks are expected to exceed the initial plans in the investment section.
And, in anticipation of the merger of our subsidiaries, Shonai Bank and Hokuto Bank, which we have begun
considering for implementation in FY2026 as announced on January 25 2024, we have decided to increase theallowance for loan losses due to the business conditions of some debtors, with the aim of further enhancing thesoundness of our financial base. As a result, total income taxes are expected to increase, so profit attributable toowners of parent is expected to be lower than the previous forecast.
Additionally, there is no change to the dividend forecast for the FY2023. On May 12, 2023, we have announced
an annual dividend of 75 yen per share (of which year-end dividend is 37.5 yen).
Our financial results for the FY2023 are scheduled to be announced on May 14, 2024.

2. The Financial Forecast for FY2024
Consolidated for FY ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Profit attributable to owners
Earnings per shareof parent

Ordinary Profit

FY2024

Million Yen％

Million Yen％

Yen

4,900

40.0

3,200

190.9

177.01In order to achieve profit attributable to owners of parent of 4 billion yen in FY2025, the final FY of the Fifth
Medium-Term Management Plan, we are planning for profit attributable to owners of parent of 3.2 billion yen inFY2024. And we will continue to increase the revenue of the customer services section, such as local business loans
and corporate-related fees, and we will work to restore profitability the investment section by restructuring thesecurities portfolio. In addition, credit related costs are expected to increase temporarily in the FY2023 due to aresult of increasing the allowance for loan losses in anticipation of the merger, but in the FY2024 they are expected
approximately 1.3 billion yen, which was originally planned in the Fifth Medium-Term Management Plan.
The forecast for the second quarter of the FY2024 and the details of the forecast are scheduled to be announced
on May 14, 2024, along with the financial results.
(Notes)
The financial forecast described in this material are based on information currently available to the Company andcertain assumptions that the Company deems to be reasonable. Actual financial results may differ due to various factors.