The San-in Godo Bank,Ltd., July-September (2Q) Ordinary Profit Decreases by 14%

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Mon Nov 11, 2024 1:00 pm JST Earnings

8381 The San-in Godo Bank,Ltd. 【J-GAAP】

Earnings Report

The San-in Godo Bank,Ltd. <8381> [TSE-P] announced its financial results in the afternoon session on November 11th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 21.4% from the same period last year, reaching 12 billion yen. However, The progress rate against the 26.4 billion yen full-year plan was 45.7%, also falling below the five-year average of 53.7%.

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 3.1% from the same period last year to 14.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 5.49 billion yen, a 13.6% 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	56,003	ー	12,846	8,892	57.0	59.1	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	57,588	ー	9,944	6,627	43.0	40.2	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	63,497	ー	12,070	8,356	54.7	45.7	Nov 11, 2024	J-GAAP
YoY	+10.3%	－	+21.4%	+26.1%	+27.1%

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	59,700	ー	11,300	7,800	51.3	24	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	63,497	ー	12,070	8,356	54.7	24	Nov 11, 2024	J-GAAP
Revision Rate	+6.4%	－	+6.8%	+7.1%	+6.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	121,600	ー	26,400	18,200	119.6	48	May 13, 2024	J-GAAP
Mar, 2025 New	131,900	ー	26,400	18,200	119.6	48	Nov 11, 2024	J-GAAP
Revision Rate	+8.5%	－	0.0%	0.0%	0.0%

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	62,588	ー	14,783	10,173	66.2	21	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	68,403	ー	14,330	9,844	64.7	24	Nov 11, 2024	J-GAAP
YoY	+9.3%	－	-3.1%	-3.2%	-2.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	112,683	ー	21,722	15,463	99.3	34	May 12, 2023	J-GAAP
Mar, 2024	120,176	ー	24,727	16,800	109.3	39	May 13, 2024	J-GAAP
Mar, 2025 Guidance	131,900	ー	26,400	18,200	119.6	48	Nov 11, 2024	J-GAAP
YoY	+9.8%	－	+6.8%	+8.3%	+9.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	28,052	ー	6,365	4,316	28.0	0.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	31,005	ー	5,615	3,793	24.5	0.0	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	31,583	ー	9,168	6,380	41.5	0.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	30,039	ー	6,573	4,666	30.4	0.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	33,458	ー	5,497	3,690	24.2	0.0	Nov 11, 2024	J-GAAP
YoY	+19.3%	－	-13.6%	-14.5%	-13.8%