THE FUKUSHIMA BANK, LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

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Mon Nov 11, 2024 3:00 pm JST Earnings

8562 THE FUKUSHIMA BANK, LTD. 【J-GAAP】

Earnings Report

THE FUKUSHIMA BANK, LTD. <8562> [TSE-S] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 646 million yen (compared to a profit of 566 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 754 million yen (compared to a profit of 624 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 787 million yen (compared to a profit of 352 million yen in 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	6,628	ー	510	402	14.4	44.5	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	6,658	ー	566	321	11.5	47.6	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	6,604	ー	-646	-951	-32.9	ー	Nov 11, 2024	J-GAAP
YoY	-0.8%	－	－	－	－

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	6,600	ー	-640	-950	-27.2	0	Nov 8, 2024	J-GAAP
Apr - Sep, 2024 Results	6,604	ー	-646	-951	-32.9	0	Nov 11, 2024	J-GAAP
Revision Rate	+0.1%	－	-0.9%	-0.1%	-20.7%

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	6,645	ー	624	545	19.5	5	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,496	ー	-754	-549	-15.7	5	Nov 11, 2024	J-GAAP
YoY	-2.2%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,290	ー	1,145	868	31.1	5	May 12, 2023	J-GAAP
Mar, 2024	13,303	ー	1,190	866	31.0	5	May 14, 2024	J-GAAP
Mar, 2025 Guidance	13,100	ー	-1,400	-1,500	-43.0	5	May 14, 2024	J-GAAP
YoY	-1.5%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,497	ー	352	171	6.1	0.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	3,168	ー	124	46	1.7	0.0	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	3,477	ー	500	499	17.9	0.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	3,329	ー	141	123	4.4	0.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,275	ー	-787	-1,074	-37.1	0.0	Nov 11, 2024	J-GAAP
YoY	-6.3%	－	－	－	－