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The Miyazaki Taiyo Bank, Ltd., First Half Ordinary Profit Revised Upward by 85%

Tue Nov 5, 2024 3:30 pm JST Revision

8560 The Miyazaki Taiyo Bank, Ltd. 【J-GAAP】

Guidance Update Report

The Miyazaki Taiyo Bank, Ltd. <8560> [FukuokaSE] announced a performance revision after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 84.6%, from the previous forecast of 650 million yen to 1.2 billion yen (compared to 1.39 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 53.4% to 14.0%.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 1.3 billion yen(compared to 2.45 billion yen in the previous period).

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 6,600 650 400 75.7 25 May 13, 2024 J-GAAP
Apr - Sep, 2024 New 7,300 1,200 800 151.3 25 Nov 5, 2024 J-GAAP
Revision Rate +10.6% +84.6% +100.0% +100.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 7,580 1,395 1,120 202.0 25 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 Guidance 7,300 1,200 800 151.3 25 Nov 5, 2024 J-GAAP
YoY -3.7% -14.0% -28.6% -25.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,373 2,174 1,550 273.4 50 May 12, 2023 J-GAAP
Mar, 2024 14,615 2,457 1,763 313.7 50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 13,200 1,300 800 131.3 50 May 13, 2024 J-GAAP
YoY -9.7% -47.1% -54.6% -58.1%

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