The Bank of Toyama,Ltd., First Half Ordinary Profit Turns to Profit

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Fri Nov 8, 2024 2:30 pm JST Earnings

8365 The Bank of Toyama,Ltd. 【J-GAAP】

Earnings Report

The Bank of Toyama,Ltd. <8365> [TSE-S] announced its financial results in the afternoon session on November 8th (14:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 769 million yen (compared to a loss of 382 million yen in the same period last year). The progress rate against the 900 million yen full-year plan was 85.4%, it was below the five-year average of 132.2%.

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 significant drop by 88.8% from the same period last year to 131 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 303 million yen (compared to a loss of 933 million yen in the same period last year).

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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	6,668	ー	1,403	787	145.5	87.6	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	4,535	ー	-382	-218	-40.4	ー	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	4,545	ー	769	537	99.2	85.4	Nov 8, 2024	J-GAAP
YoY	+0.2%	－	－	－	－

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	ー	ー	750	500	92.1	25	Oct 25, 2024	J-GAAP
Apr - Sep, 2024 Results	4,545	ー	769	537	99.2	25	Nov 8, 2024	J-GAAP
Revision Rate	－	－	+2.5%	+7.4%	+7.6%

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	5,611	ー	1,170	850	156.9	25	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	131	163	30.7	25	Nov 8, 2024	J-GAAP
YoY	－	－	-88.8%	-80.8%	-80.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,821	ー	1,602	972	179.7	50	May 11, 2023	J-GAAP
Mar, 2024	10,146	ー	788	632	116.7	50	May 10, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	900	700	131.8	50	May 10, 2024	J-GAAP
YoY	－	－	+14.2%	+10.8%	+12.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,210	ー	-933	-599	-110.9	0.0	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	3,399	ー	1,384	1,005	185.7	0.0	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	2,212	ー	-214	-155	-28.6	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	2,306	ー	466	324	59.8	0.0	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	2,239	ー	303	213	39.3	0.0	Nov 8, 2024	J-GAAP
YoY	+1.3%	－	－	－	－