The Awa Bank,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 6%, Dividend Revised Upward by 10 yen

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Fri Nov 8, 2024 3:00 pm JST Earnings

8388 The Awa Bank,Ltd. 【J-GAAP】

Earnings Report

The Awa Bank,Ltd. <8388> [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) increased by 28.5% from the same period last year, reaching 10.4 billion yen, exceeded the previous forecast of 8.6 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 6.0%, from the previous forecast of 16.7 billion yen to 17.7 billion yen (compared to 16.6 billion yen in the previous period), increasing the growth rate from 0.5% to 6.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 14.7% from the same period last year to 7.24 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 80 yen to 90 yen (compared to 75 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 10.9% from the same period last year, reaching 4.48 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	40,266	ー	7,793	5,270	127.6	50.5	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	38,104	ー	8,135	5,429	133.3	48.9	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	39,163	ー	10,457	7,225	180.6	59.1	Nov 8, 2024	J-GAAP
YoY	+2.8%	－	+28.5%	+33.1%	+35.5%

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	36,900	ー	8,600	5,800	145.3	40	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	39,163	ー	10,457	7,225	180.6	45	Nov 8, 2024	J-GAAP
Revision Rate	+6.1%	－	+21.6%	+24.6%	+24.4%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	73,400	ー	16,700	11,400	286.7	80	May 10, 2024	J-GAAP
Mar, 2025 New	75,900	ー	17,700	12,700	319.4	90	Nov 8, 2024	J-GAAP
Revision Rate	+3.4%	－	+6.0%	+11.4%	+11.4%

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	38,003	ー	8,489	5,834	143.6	40	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	36,737	ー	7,243	5,475	137.7	45	Nov 8, 2024	J-GAAP
YoY	-3.3%	－	-14.7%	-6.2%	-4.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	88,081	ー	15,428	10,207	248.2	50	May 12, 2023	J-GAAP
Mar, 2024	76,107	ー	16,624	11,263	277.3	75	May 10, 2024	J-GAAP
Mar, 2025 Guidance	75,900	ー	17,700	12,700	319.4	90	Nov 8, 2024	J-GAAP
YoY	-0.3%	－	+6.5%	+12.8%	+15.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	19,058	ー	4,047	2,602	63.9	0.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	18,851	ー	4,783	3,579	88.0	0.0	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	19,152	ー	3,706	2,255	55.5	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	19,770	ー	5,970	4,273	106.7	0.0	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	19,393	ー	4,487	2,952	73.8	0.0	Nov 8, 2024	J-GAAP
YoY	+1.8%	－	+10.9%	+13.5%	+15.5%