The Nanto Bank,Ltd., July-September (2Q) Ordinary Profit Decreases by 18%

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 3:00 pm JST Earnings

8367 The Nanto Bank,Ltd. 【J-GAAP】

Earnings Report

The Nanto Bank,Ltd. <8367> [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) increased by 21.4% from the same period last year, reaching 10 billion yen, exceeded the previous forecast of 8.5 billion yen.

However, The progress rate against the 18.5 billion yen full-year plan was 54.5%, below the five-year average of 78.1%.

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 grow by 1.1% from the same period last year, reaching 8.41 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 3.39 billion yen, a 18.1% 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	39,768	ー	9,153	6,505	201.4	144.8	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	42,260	ー	8,310	5,952	187.5	50.0	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	49,830	ー	10,090	6,528	206.7	54.5	Nov 11, 2024	J-GAAP
YoY	+17.9%	－	+21.4%	+9.7%	+10.3%

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	8,500	6,000	190.7	60	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	49,830	ー	10,090	6,528	206.7	60	Nov 11, 2024	J-GAAP
Revision Rate	－	－	+18.7%	+8.8%	+8.4%

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	43,476	ー	8,321	6,085	191.6	74	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	8,410	6,472	206.1	63	Nov 11, 2024	J-GAAP
YoY	－	－	+1.1%	+6.4%	+7.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	77,748	ー	6,322	4,731	147.8	113	May 12, 2023	J-GAAP
Mar, 2024	85,736	ー	16,631	12,037	379.1	114	May 10, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	18,500	13,000	413.9	123	May 10, 2024	J-GAAP
YoY	－	－	+11.2%	+8.0%	+9.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	21,190	ー	4,147	2,789	87.8	0.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	21,837	ー	4,130	2,939	92.6	0.0	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	21,639	ー	4,191	3,146	99.1	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	24,790	ー	6,692	4,159	131.2	0.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	25,040	ー	3,398	2,369	75.0	0.0	Nov 11, 2024	J-GAAP
YoY	+18.2%	－	-18.1%	-15.1%	-14.6%