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The Ehime Bank, Ltd., First Half Ordinary Profit Decreases by 10%, July-September Ordinary Profit Decreases by 27%

Mon Nov 11, 2024 1:30 pm JST Earnings

8541 The Ehime Bank, Ltd. 【J-GAAP】

Earnings Report

The Ehime Bank, Ltd. <8541> [TSE-P] announced its financial results in the afternoon session on November 11th (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 10.0% from the same period last year to 3.43 billion yen. The progress rate against the 7.4 billion yen full-year plan was 46.4%, also falling below the five-year average of 51.2%.

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 3.1% from the same period last year to 3.96 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.36 billion yen, a 27.2% 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 24,361 5,721 3,775 96.6 68.5 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 33,004 3,814 2,473 63.3 48.2 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 31,358 3,432 2,244 57.5 46.4 Nov 11, 2024 J-GAAP
YoY -5.0% -10.0% -9.3% -9.1%

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 3,500 2,300 59.0 17 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 31,358 3,432 2,244 57.5 17 Nov 11, 2024 J-GAAP
Revision Rate -1.9% -2.4% -2.5%

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 32,159 4,095 2,582 66.1 17 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,968 2,756 70.6 17 Nov 11, 2024 J-GAAP
YoY -3.1% +6.7% +6.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 52,127 8,354 5,391 138.0 30 May 11, 2023 J-GAAP
Mar, 2024 65,163 7,909 5,055 129.4 32 May 13, 2024 J-GAAP
Mar, 2025 Guidance 7,400 5,000 128.1 34 May 13, 2024 J-GAAP
YoY -6.4% -1.1% -1.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 16,076 1,879 1,173 30.0 0.0 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 15,929 2,135 1,390 35.6 0.0 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 16,230 1,960 1,192 30.5 0.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 16,252 2,064 1,654 42.4 0.0 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 15,106 1,368 590 15.1 0.0 Nov 11, 2024 J-GAAP
YoY -6.0% -27.2% -49.7% -49.6%

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