THE SHIGA BANK,LTD., First Half Ordinary Profit Decreases by 36%, July-September Ordinary Profit Decreases by 26%

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Mon Nov 11, 2024 3:00 pm JST Earnings

8366 THE SHIGA BANK,LTD. 【J-GAAP】

Earnings Report

THE SHIGA BANK,LTD. <8366> [TSE-P] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 35.7% from the same period last year to 11.6 billion yen. The progress rate against the 23 billion yen full-year plan was 50.5%, below the five-year average of 68.1%.

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 expand by 93.0% from the same period last year, reaching 11.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 3.43 billion yen, a 25.5% 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	61,197	ー	16,252	11,933	248.2	81.1	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	58,793	ー	18,074	12,518	263.7	75.4	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	60,493	ー	11,625	8,748	186.4	50.5	Nov 11, 2024	J-GAAP
YoY	+2.9%	－	-35.7%	-30.1%	-29.3%

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	ー	ー	11,500	8,200	174.7	45	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	60,493	ー	11,625	8,748	186.4	45	Nov 11, 2024	J-GAAP
Revision Rate	－	－	+1.1%	+6.7%	+6.7%

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	63,837	ー	5,893	3,422	72.2	40	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	11,375	7,252	154.5	45	Nov 11, 2024	J-GAAP
YoY	－	－	+93.0%	+111.9%	+114.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	115,289	ー	20,041	14,858	310.6	80	May 12, 2023	J-GAAP
Mar, 2024	122,630	ー	23,967	15,940	336.3	90	May 10, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	23,000	16,000	340.9	90	May 10, 2024	J-GAAP
YoY	－	－	-4.0%	+0.4%	+1.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	25,685	ー	4,606	2,835	59.7	0.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	32,231	ー	7,765	5,289	111.4	0.0	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	31,606	ー	-1,872	-1,867	-39.4	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	31,023	ー	8,194	5,706	121.6	0.0	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	29,470	ー	3,431	3,042	64.8	0.0	Nov 11, 2024	J-GAAP
YoY	+14.7%	－	-25.5%	+7.3%	+8.6%