The Shikoku Bank, Ltd., First Half Ordinary Profit Increases by 33%, Current Fiscal Year Dividend Revised Upward by 10 yen

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Mon Nov 11, 2024 2:00 pm JST Earnings

8387 The Shikoku Bank, Ltd. 【J-GAAP】

Earnings Report

The Shikoku Bank, Ltd. <8387> [TSE-P] announced its financial results in the afternoon session on November 11th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 6.21 billion yen, an increase of 33.1% compared to the same period last year. The progress rate against the 9.9 billion yen full-year plan was 62.8%, it was below the five-year average of 67.8%.

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 20.7% from the same period last year to 3.68 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 40 yen to 50 yen (compared to 40 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 6.0% from the same period last year, reaching 3.37 billion yen.

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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	31,342	ー	4,351	3,068	73.7	55.1	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	26,982	ー	4,671	4,070	97.7	50.1	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	25,914	ー	6,215	4,290	102.9	62.8	Nov 11, 2024	J-GAAP
YoY	-4.0%	－	+33.1%	+5.4%	+5.3%

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	25,900	ー	6,200	4,200	100.6	20	Oct 25, 2024	J-GAAP
Apr - Sep, 2024 Results	25,914	ー	6,215	4,290	102.9	25	Nov 11, 2024	J-GAAP
Revision Rate	+0.1%	－	+0.2%	+2.1%	+2.2%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	46,900	ー	9,900	6,400	153.3	40	May 10, 2024	J-GAAP
Mar, 2025 New	46,900	ー	9,900	6,400	153.3	50	Nov 11, 2024	J-GAAP
Revision Rate	0.0%	－	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	25,504	ー	4,648	3,215	77.1	22.50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	20,986	ー	3,685	2,110	50.6	25	Nov 11, 2024	J-GAAP
YoY	-17.7%	－	-20.7%	-34.4%	-34.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	60,695	ー	7,903	5,549	133.3	35	May 12, 2023	J-GAAP
Mar, 2024	52,486	ー	9,319	7,285	174.8	40	May 10, 2024	J-GAAP
Mar, 2025 Guidance	46,900	ー	9,900	6,400	153.3	50	Nov 11, 2024	J-GAAP
YoY	-10.6%	－	+6.2%	-12.1%	-12.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	11,624	ー	3,185	2,239	53.7	0.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	12,577	ー	2,212	1,571	37.7	0.0	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	12,927	ー	2,436	1,644	39.4	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	12,960	ー	2,839	1,952	46.8	0.0	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	12,954	ー	3,376	2,338	56.1	0.0	Nov 11, 2024	J-GAAP
YoY	+11.4%	－	+6.0%	+4.4%	+4.3%