The Musashino Bank, Ltd., First Half Ordinary Profit Increases by 19%, July-September Ordinary Profit Increases by 15%

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Fri Nov 8, 2024 1:00 pm JST Earnings

8336 The Musashino Bank, Ltd. 【J-GAAP】

Earnings Report

The Musashino Bank, Ltd. <8336> [TSE-P] announced its financial results in the afternoon session on November 8th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 19.1% from the same period last year, reaching 9.53 billion yen. The progress rate against the 17.8 billion yen full-year plan was 53.6%, almost the same as the five-year average of 51.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to nearly flat at 8.26 billion yen, up 0.1% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 15.2% from the same period last year, reaching 4.81 billion yen.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	39,296	ー	7,184	5,272	157.5	46.0	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	40,904	ー	8,005	6,045	181.9	49.2	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	40,989	ー	9,533	7,036	212.7	53.6	Nov 8, 2024	J-GAAP
YoY	+0.2%	－	+19.1%	+16.4%	+17.0%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	40,900	ー	9,500	7,000	211.6	60	Oct 31, 2024	J-GAAP
Apr - Sep, 2024 Results	40,989	ー	9,533	7,036	212.7	60	Nov 8, 2024	J-GAAP
Revision Rate	+0.2%	－	+0.3%	+0.5%	+0.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	40,164	ー	8,256	5,219	157.4	55	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	41,811	ー	8,267	5,664	171.2	60	Nov 8, 2024	J-GAAP
YoY	+4.1%	－	+0.1%	+8.5%	+8.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	81,901	ー	15,634	10,865	324.6	95	May 11, 2023	J-GAAP
Mar, 2024	81,068	ー	16,261	11,264	339.7	105	May 10, 2024	J-GAAP
Mar, 2025 Guidance	82,800	ー	17,800	12,700	383.9	120	Oct 31, 2024	J-GAAP
YoY	+2.1%	－	+9.5%	+12.7%	+13.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	20,170	ー	4,178	3,225	97.0	0.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	20,167	ー	3,386	2,384	71.8	0.0	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	19,997	ー	4,870	2,835	85.5	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	20,450	ー	4,722	3,803	115.0	0.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	20,539	ー	4,811	3,233	97.7	0.0	Nov 8, 2024	J-GAAP
YoY	+1.8%	－	+15.2%	+0.2%	+0.7%