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

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 12,846 8,892 57.0 59.1 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 57,588 9,944 6,627 43.0 40.2 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 63,497 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 11,300 7,800 51.3 24 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 63,497 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 26,400 18,200 119.6 48 May 13, 2024 J-GAAP
Mar, 2025 New 131,900 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 14,783 10,173 66.2 21 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 68,403 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 21,722 15,463 99.3 34 May 12, 2023 J-GAAP
Mar, 2024 120,176 24,727 16,800 109.3 39 May 13, 2024 J-GAAP
Mar, 2025 Guidance 131,900 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 6,365 4,316 28.0 0.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 31,005 5,615 3,793 24.5 0.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 31,583 9,168 6,380 41.5 0.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 30,039 6,573 4,666 30.4 0.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 33,458 5,497 3,690 24.2 0.0 Nov 11, 2024 J-GAAP
YoY +19.3% -13.6% -14.5% -13.8%

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