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

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.

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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 39,768 ー 9,153 6,505 40.3 144.8 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 42,260 ー 8,310 5,952 37.5 50.0 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 49,830 ー 10,090 6,528 41.4 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 38.1 12 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 49,830 ー 10,090 6,528 41.4 12 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 38.3 14.80 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー ー 8,410 6,472 41.2 12.60 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 29.6 22.60 May 12, 2023 J-GAAP
Mar, 2024 85,736 ー 16,631 12,037 75.8 22.80 May 10, 2024 J-GAAP
Mar, 2025 Guidance ー ー 18,500 13,000 82.8 24.60 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 17.6 0.0 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 21,837 ー 4,130 2,939 18.5 0.0 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 21,639 ー 4,191 3,146 19.8 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 24,790 ー 6,692 4,159 26.2 0.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 25,040 ー 3,398 2,369 15.0 0.0 Nov 11, 2024 J-GAAP
YoY +18.2% － -18.1% -15.1% -14.6%

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