THE HOWA BANK,LTD., First Half Ordinary Profit Increases by 2.1 times, Exceeds Full-Year Plan

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.

Tue Nov 12, 2024 3:00 pm JST Earnings

8559 THE HOWA BANK,LTD. 【J-GAAP】

Earnings Report

THE HOWA BANK,LTD. <8559> [FukuokaSE] announced its financial results in the afternoon session on November 12th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.1 times that of the same period last year, reaching 1 billion yen. The progress rate against the full-year plan of 890 million yen is 112.8%, already exceeding the target and also exceeding the four-year average of 80.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 114 million yen (compared to a profit of 215 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a profit of profit of 515 million yen (compared to a loss of 191 million yen in 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	4,791	ー	530	474	80.5	36.4	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	5,387	ー	467	321	54.6	68.5	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	5,433	ー	1,004	888	150.7	112.8	Nov 12, 2024	J-GAAP
YoY	+0.9%	－	+115.0%	+176.6%	+175.9%

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	1,000	880	149.3	0	Nov 1, 2024	J-GAAP
Apr - Sep, 2024 Results	5,433	ー	1,004	888	150.7	0	Nov 12, 2024	J-GAAP
Revision Rate	－	－	+0.4%	+0.9%	+0.9%

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	5,078	ー	215	556	53.2	10	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	-114	-228	-22.7	10	Nov 12, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,886	ー	1,456	1,302	159.6	10	May 11, 2023	J-GAAP
Mar, 2024	10,465	ー	682	877	83.9	10	May 14, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	890	660	65.7	10	May 14, 2024	J-GAAP
YoY	－	－	+30.5%	-24.7%	-21.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,579	ー	-191	-299	-50.9	0.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	2,973	ー	529	579	98.2	0.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,105	ー	-314	-23	-2.2	0.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,706	ー	489	481	81.7	0.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,727	ー	515	407	69.1	0.0	Nov 12, 2024	J-GAAP
YoY	+5.7%	－	－	－	－