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

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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	ー	650	400	75.7	25	May 13, 2024	J-GAAP
Apr - Sep, 2024 New	7,300	ー	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	ー	1,395	1,120	202.0	25	Nov 9, 2023	J-GAAP
Apr - Sep, 2024 Guidance	7,300	ー	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	ー	2,174	1,550	273.4	50	May 12, 2023	J-GAAP
Mar, 2024	14,615	ー	2,457	1,763	313.7	50	May 13, 2024	J-GAAP
Mar, 2025 Guidance	13,200	ー	1,300	800	131.3	50	May 13, 2024	J-GAAP
YoY	-9.7%	－	-47.1%	-54.6%	-58.1%