The Gunma Bank,Ltd., First Half Ordinary Profit Increases by 64%, Current Fiscal Year Dividend Revised Upward by 12 yen

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 3:30 pm JST Earnings

8334 The Gunma Bank,Ltd. 【J-GAAP】

Earnings Report

The Gunma Bank,Ltd. <8334> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 32.2 billion yen, an increase of 63.9% compared to the same period last year. The progress rate against the 57.5 billion yen full-year plan was 56.1%, almost the same as the five-year average of 58.9%.

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 4.7% from the same period last year, reaching 25.2 billion yen.

At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 28 yen to 40 yen (compared to 22 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.3 times that of the same period last year, reaching 16.2 billion yen.

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	91,507	ー	18,200	13,793	33.6	47.5	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	106,347	ー	19,673	14,858	37.1	44.9	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	110,759	ー	32,248	22,917	58.9	56.1	Nov 11, 2024	J-GAAP
YoY	+4.1%	－	+63.9%	+54.2%	+58.7%

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	32,200	22,900	59.9	14	Nov 1, 2024	J-GAAP
Apr - Sep, 2024 Results	110,759	ー	32,248	22,917	58.9	20	Nov 11, 2024	J-GAAP
Revision Rate	－	－	+0.1%	+0.1%	-1.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	ー	ー	57,500	40,000	104.6	28	Nov 1, 2024	J-GAAP
Mar, 2025 New	ー	ー	57,500	40,000	104.6	40	Nov 11, 2024	J-GAAP
Revision Rate	－	－	0.0%	0.0%	0.0%

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	94,009	ー	24,115	16,267	41.0	12	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	25,252	17,083	44.7	20	Nov 11, 2024	J-GAAP
YoY	－	－	+4.7%	+5.0%	+9.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	176,589	ー	38,316	27,933	68.2	18	May 10, 2023	J-GAAP
Mar, 2024	200,356	ー	43,788	31,125	78.4	22	May 9, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	57,500	40,000	104.6	40	Nov 11, 2024	J-GAAP
YoY	－	－	+31.3%	+28.5%	+33.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	51,562	ー	7,107	5,842	14.6	0.0	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	49,719	ー	14,236	9,772	24.5	0.0	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	44,290	ー	9,879	6,495	16.4	0.0	May 9, 2024	J-GAAP
Apr - Jun, 2024	56,724	ー	16,037	11,162	28.6	0.0	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	54,035	ー	16,211	11,755	30.2	0.0	Nov 11, 2024	J-GAAP
YoY	+4.8%	－	+128.1%	+101.2%	+107.1%