The Yamagata Bank, Ltd., The Current Fiscal Year Ordinary Profit Revised Downward by 2%

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Tue Oct 29, 2024 3:00 pm JST Revision

8344 The Yamagata Bank, Ltd. 【J-GAAP】

Guidance Update Report

The Yamagata Bank, Ltd. <8344> [TSE-P] announced a performance revision after the market closed on October 29th (15:00). The consolidated ordinary profit for the fiscal year ending March 2025 has downwardly by 2.0%, from the previous forecast of 4.9 billion yen to 4.8 billion yen (compared to 3.76 billion yen in the previous period), leading to a reduction in the profit growth rate from 30.2% to 27.6%. However, the full-year consolidated net income has been revised upward by 10.0%, from the previous forecast of 3 billion yen to 3.3 billion yen (compared to 2.08 billion yen in the previous period), increasing the growth rate from 44.2% to 58.7%.

However, the April to September period (first half) consolidated ordinary profit has been revised upward by 27.3%, from the previous forecast of 2.2 billion yen to 2.8 billion yen (compared to 2.45 billion yen in the same period of the previous year), turning to a 14.2% increase in the consolidated ordinary profit outlook.

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	21,100	ー	2,200	1,200	37.5	17.50	May 14, 2024	J-GAAP
Apr - Sep, 2024 New	25,200	ー	2,800	2,000	62.5	17.50	Oct 29, 2024	J-GAAP
Revision Rate	+19.4%	－	+27.3%	+66.7%	+66.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	41,700	ー	4,900	3,000	93.8	35	May 14, 2024	J-GAAP
Mar, 2025 New	49,000	ー	4,800	3,300	103.2	35	Oct 29, 2024	J-GAAP
Revision Rate	+17.5%	－	-2.0%	+10.0%	+10.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	26,000	ー	2,451	1,563	48.9	17.50	Nov 10, 2023	J-GAAP
Apr - Sep, 2024 Guidance	25,200	ー	2,800	2,000	62.5	17.50	Oct 29, 2024	J-GAAP
YoY	-3.1%	－	+14.2%	+28.0%	+27.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	51,184	ー	5,537	3,435	107.4	35	May 12, 2023	J-GAAP
Mar, 2024	55,097	ー	3,762	2,080	65.0	35	May 14, 2024	J-GAAP
Mar, 2025 Guidance	49,000	ー	4,800	3,300	103.2	35	Oct 29, 2024	J-GAAP
YoY	-11.1%	－	+27.6%	+58.7%	+58.7%