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

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% － －

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