THE OITA BANK, LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 4%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Mon Nov 11, 2024 2:30 pm JST Earnings

8392 THE OITA BANK, LTD. 【J-GAAP】

Earnings Report

THE OITA BANK, LTD. <8392> [TSE-P] announced its financial results in the afternoon session on November 11th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 21.2% from the same period last year, reaching 5.34 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 4.3%, from the previous forecast of 9.4 billion yen to 9.8 billion yen (compared to 9.08 billion yen in the previous period), increasing the growth rate from 3.5% to 7.9%.

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 4.6% from the same period last year to 4.45 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 436 million yen, a 68.4% decrease compared to the same period last year.

Kabutan News

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	38,017	ー	4,464	2,845	180.4	57.3	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	37,331	ー	4,411	3,210	203.3	48.6	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	38,850	ー	5,345	3,713	237.0	54.5	Nov 11, 2024	J-GAAP
YoY	+4.1%	－	+21.2%	+15.7%	+16.6%

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	38,800	ー	5,300	3,700	237.7	50	Oct 28, 2024	J-GAAP
Apr - Sep, 2024 Results	38,850	ー	5,345	3,713	237.0	50	Nov 11, 2024	J-GAAP
Revision Rate	+0.1%	－	+0.8%	+0.4%	-0.3%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	68,100	ー	9,400	6,600	426.8	100	May 13, 2024	J-GAAP
Mar, 2025 New	74,500	ー	9,800	6,800	439.7	100	Nov 11, 2024	J-GAAP
Revision Rate	+9.4%	－	+4.3%	+3.0%	+3.0%

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	35,909	ー	4,672	3,326	210.6	50	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	35,650	ー	4,455	3,087	199.6	50	Nov 11, 2024	J-GAAP
YoY	-0.7%	－	-4.6%	-7.2%	-5.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	72,905	ー	7,796	5,409	342.8	90	May 12, 2023	J-GAAP
Mar, 2024	73,240	ー	9,083	6,536	413.8	95	May 13, 2024	J-GAAP
Mar, 2025 Guidance	74,500	ー	9,800	6,800	439.7	100	Nov 11, 2024	J-GAAP
YoY	+1.7%	－	+7.9%	+4.0%	+6.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	18,044	ー	1,380	925	58.6	0.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	16,000	ー	2,398	1,766	111.8	0.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	19,909	ー	2,274	1,560	98.8	0.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	19,563	ー	4,909	3,443	219.2	0.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	19,287	ー	436	270	17.2	0.0	Nov 11, 2024	J-GAAP
YoY	+6.9%	－	-68.4%	-70.8%	-70.6%