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

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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	ー	5,721	3,775	96.6	68.5	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	33,004	ー	3,814	2,473	63.3	48.2	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	31,358	ー	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	ー	ー	3,500	2,300	59.0	17	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	31,358	ー	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	ー	4,095	2,582	66.1	17	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	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	ー	8,354	5,391	138.0	30	May 11, 2023	J-GAAP
Mar, 2024	65,163	ー	7,909	5,055	129.4	32	May 13, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	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	ー	1,879	1,173	30.0	0.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	15,929	ー	2,135	1,390	35.6	0.0	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	16,230	ー	1,960	1,192	30.5	0.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	16,252	ー	2,064	1,654	42.4	0.0	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	15,106	ー	1,368	590	15.1	0.0	Nov 11, 2024	J-GAAP
YoY	-6.0%	－	-27.2%	-49.7%	-49.6%