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The Ogaki Kyoritsu Bank, Ltd., The Current Fiscal Year Net Income Revised Upward by 11%

Fri Nov 8, 2024 4:00 pm JST Earnings

8361 The Ogaki Kyoritsu Bank, Ltd. 【J-GAAP】

Earnings Report

The Ogaki Kyoritsu Bank, Ltd. <8361> [TSE-P] announced its financial results after the market closed on November 8th (16:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 26.1% from the same period last year, reaching 4.33 billion yen.

In addition, the full-year consolidated net income has been revised upward by 11.4%, from the previous forecast of 7 billion yen to 7.8 billion yen (compared to 9.47 billion yen in the previous period), and the declining rate is expected to decrease from 26.1% to 17.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop by 42.6% from the same period last year to 3.46 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a profit of profit of 1.2 billion yen (compared to a loss of 247 million yen in the same period last year).

Kabutan News

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 61,762 ー 8,960 5,858 140.7 95.6 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 63,482 ー 5,031 3,441 82.7 34.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 63,058 ー 6,022 4,338 104.2 51.5 Nov 8, 2024 J-GAAP
YoY -0.7% － +19.7% +26.1% +26.0%

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 6,000 4,300 103.3 35 Oct 25, 2024 J-GAAP
Apr - Sep, 2024 Results 63,058 ー 6,022 4,338 104.2 35 Nov 8, 2024 J-GAAP
Revision Rate － － +0.4% +0.9% +0.9%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev ー ー 11,700 7,000 168.1 70 May 10, 2024 J-GAAP
Mar, 2025 New ー ー 11,700 7,800 187.4 70 Nov 8, 2024 J-GAAP
Revision Rate － － 0.0% +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 70,656 ー 9,398 6,030 144.9 35 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー ー 5,678 3,462 83.2 35 Nov 8, 2024 J-GAAP
YoY － － -39.6% -42.6% -42.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 122,762 ー 9,376 4,825 115.9 70 May 12, 2023 J-GAAP
Mar, 2024 134,138 ー 14,429 9,471 227.5 70 May 10, 2024 J-GAAP
Mar, 2025 Guidance ー ー 11,700 7,800 187.4 70 Nov 8, 2024 J-GAAP
YoY － － -18.9% -17.6% -17.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 32,119 ー -89 -247 -5.9 0.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 39,076 ー 5,295 3,721 89.4 0.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 31,580 ー 4,103 2,309 55.5 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 32,386 ー 4,302 3,135 75.3 0.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 30,672 ー 1,720 1,203 28.9 0.0 Nov 8, 2024 J-GAAP
YoY -4.5% － － － －

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