THE TOTTORI BANK,LTD., First Half Ordinary Profit Decreases by 9%, July-September Ordinary Profit Decreases by 58%

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Fri Nov 8, 2024 3:30 pm JST Earnings

8383 THE TOTTORI BANK,LTD. 【J-GAAP】

Earnings Report

THE TOTTORI BANK,LTD. <8383> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 9.4% from the same period last year to 1.04 billion yen. The progress rate against the 1.5 billion yen full-year plan was 69.5%, below the five-year average of 91.1%.

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 1.1% from the same period last year to 458 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 205 million yen, a 57.8% decrease compared to 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	7,030	ー	958	582	62.2	56.0	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	7,264	ー	1,150	750	80.2	71.3	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	8,639	ー	1,042	713	76.2	69.5	Nov 8, 2024	J-GAAP
YoY	+18.9%	－	-9.4%	-4.9%	-5.0%

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	ー	ー	1,000	700	74.8	25	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	8,639	ー	1,042	713	76.2	25	Nov 8, 2024	J-GAAP
Revision Rate	－	－	+4.2%	+1.9%	+1.9%

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	7,382	ー	463	306	32.7	25	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	458	337	36.0	25	Nov 8, 2024	J-GAAP
YoY	－	－	-1.1%	+10.1%	+10.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,912	ー	1,711	1,044	111.6	50	May 12, 2023	J-GAAP
Mar, 2024	14,646	ー	1,613	1,056	112.8	50	May 13, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	1,500	1,050	112.2	50	May 13, 2024	J-GAAP
YoY	－	－	-7.0%	-0.6%	-0.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,692	ー	486	305	32.6	0.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	3,489	ー	307	202	21.6	0.0	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	3,893	ー	156	104	11.1	0.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	3,938	ー	837	569	60.9	0.0	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	4,701	ー	205	144	15.4	0.0	Nov 8, 2024	J-GAAP
YoY	+27.3%	－	-57.8%	-52.8%	-52.8%