The Chiba Bank, Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 1%, Adds to Record High Profit Forecast

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Mon Nov 11, 2024 3:30 pm JST Earnings

8331 The Chiba Bank, Ltd. 【J-GAAP】

Earnings Report

The Chiba Bank, Ltd. <8331> [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) increased by 8.7% from the same period last year, reaching 54.3 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 0.9%, from the previous forecast of 97.9 billion yen to 98.8 billion yen (compared to 90.2 billion yen in the previous period), increasing the growth rate from 8.5% to 9.5%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 10.4% from the same period last year, reaching 44.4 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 6.5% from the same period last year, reaching 25.6 billion yen.

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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	137,345	ー	50,762	35,264	47.9	58.4	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	152,979	ー	49,987	34,789	48.0	55.4	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	173,634	ー	54,334	37,772	52.8	55.0	Nov 11, 2024	J-GAAP
YoY	+13.5%	－	+8.7%	+8.6%	+10.0%

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	50,800	35,000	48.9	18	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	173,634	ー	54,334	37,772	52.8	18	Nov 11, 2024	J-GAAP
Revision Rate	－	－	+7.0%	+7.9%	+7.9%

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	97,900	68,000	95.4	36	May 10, 2024	J-GAAP
Mar, 2025 New	ー	ー	98,800	70,000	98.2	36	Nov 11, 2024	J-GAAP
Revision Rate	－	－	+0.9%	+2.9%	+2.9%

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	157,763	ー	40,275	27,651	38.3	17	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	44,466	32,228	45.2	18	Nov 11, 2024	J-GAAP
YoY	－	－	+10.4%	+16.6%	+18.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	278,377	ー	86,983	60,276	82.5	28	May 15, 2023	J-GAAP
Mar, 2024	310,742	ー	90,262	62,440	86.5	32	May 10, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	98,800	70,000	98.2	36	Nov 11, 2024	J-GAAP
YoY	－	－	+9.5%	+12.1%	+13.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	77,157	ー	24,052	16,380	22.6	0.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	78,830	ー	22,583	15,340	21.2	0.0	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	78,933	ー	17,692	12,311	17.1	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	88,018	ー	28,729	20,032	28.0	0.0	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	85,616	ー	25,605	17,740	24.8	0.0	Nov 11, 2024	J-GAAP
YoY	+11.0%	－	+6.5%	+8.3%	+9.7%