The Gunma Bank,Ltd., First Half Ordinary Profit Revised Upward by 26%, Highest in Seven Terms, Full Year also Increased

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Fri Nov 1, 2024 1:00 pm JST Revision

8334 The Gunma Bank,Ltd. 【J-GAAP】

Guidance Update Report

The Gunma Bank,Ltd. <8334> [TSE-P] announced a performance revision in the afternoon session on November 1st (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 26.3%, from the previous forecast of 25.5 billion yen to 32.2 billion yen (compared to 19.6 billion yen in the same period of the previous year), increasing the growth rate from 29.6% to 63.7%, reaches new record high for the first time in seven terms.

Following the strong performance in the first half, the full-year consolidated ordinary profit has been revised upward by 11.7%, from the previous forecast of 51.5 billion yen to 57.5 billion yen (compared to 43.7 billion yen in the previous period), increasing the growth rate from 17.6% to 31.3%, further surpassing the previous forecast of record-high profits for two consecutive terms.

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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	ー	ー	25,500	17,500	45.2	14	May 9, 2024	J-GAAP
Apr - Sep, 2024 New	ー	ー	32,200	22,900	59.9	14	Nov 1, 2024	J-GAAP
Revision Rate	－	－	+26.3%	+30.9%	+32.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	ー	ー	51,500	35,000	91.5	28	May 9, 2024	J-GAAP
Mar, 2025 New	ー	ー	57,500	40,000	104.6	28	Nov 1, 2024	J-GAAP
Revision Rate	－	－	+11.7%	+14.3%	+14.3%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	106,347	ー	19,673	14,858	37.1	10	Nov 8, 2023	J-GAAP
Apr - Sep, 2024 Guidance	ー	ー	32,200	22,900	59.9	14	Nov 1, 2024	J-GAAP
YoY	－	－	+63.7%	+54.1%	+61.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	176,589	ー	38,316	27,933	68.2	18	May 10, 2023	J-GAAP
Mar, 2024	200,356	ー	43,788	31,125	78.4	22	May 9, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	57,500	40,000	104.6	28	Nov 1, 2024	J-GAAP
YoY	－	－	+31.3%	+28.5%	+33.4%