THE FIRST BANK OF TOYAMA, LTD., First Half Ordinary Profit Increases by 3.0 times, July-September Ordinary Profit Increases by 36 times

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Fri Nov 8, 2024 3:00 pm JST Earnings

7184 THE FIRST BANK OF TOYAMA, LTD. 【J-GAAP】

Earnings Report

THE FIRST BANK OF TOYAMA, LTD. <7184> [TSE-P] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 3.0 times that of the same period last year, reaching 14.8 billion yen. The progress rate against the 18.9 billion yen full-year plan was 78.7%, also surpassing the five-year average of 59.2%.

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 decrease by 4.2% from the same period last year to 4.03 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 36 times that of the same period last year, reaching 3.3 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	18,504	ー	4,047	2,648	41.0	64.0	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	19,485	ー	5,012	2,807	44.0	54.3	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	29,234	ー	14,866	10,508	164.0	78.7	Nov 8, 2024	J-GAAP
YoY	+50.0%	－	+196.6%	+274.3%	+272.9%

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	29,000	ー	14,800	10,500	163.7	15	Oct 28, 2024	J-GAAP
Apr - Sep, 2024 Results	29,234	ー	14,866	10,508	164.0	15	Nov 8, 2024	J-GAAP
Revision Rate	+0.8%	－	+0.4%	+0.1%	+0.2%

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	19,193	ー	4,211	2,477	38.9	13	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	4,034	2,492	39.1	15	Nov 8, 2024	J-GAAP
YoY	－	－	-4.2%	+0.6%	+0.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	35,252	ー	6,326	4,203	65.4	20	May 10, 2023	J-GAAP
Mar, 2024	38,678	ー	9,223	5,284	83.0	25	May 10, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	18,900	13,000	203.9	30	Oct 28, 2024	J-GAAP
YoY	－	－	+104.9%	+146.0%	+145.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,175	ー	93	-643	-10.1	0.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	9,619	ー	4,115	2,909	45.7	0.0	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	9,574	ー	96	-432	-6.8	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	19,126	ー	11,560	7,978	124.4	0.0	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	10,108	ー	3,306	2,530	39.5	0.0	Nov 8, 2024	J-GAAP
YoY	+23.6%	－	+3,454.8%	－	－