kabutan

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

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.

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 25,500 17,500 45.2 14 May 9, 2024 J-GAAP
Apr - Sep, 2024 New 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 51,500 35,000 91.5 28 May 9, 2024 J-GAAP
Mar, 2025 New 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 19,673 14,858 37.1 10 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 Guidance 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 38,316 27,933 68.2 18 May 10, 2023 J-GAAP
Mar, 2024 200,356 43,788 31,125 78.4 22 May 9, 2024 J-GAAP
Mar, 2025 Guidance 57,500 40,000 104.6 28 Nov 1, 2024 J-GAAP
YoY +31.3% +28.5% +33.4%

Related Articles