THE BANK OF KOCHI,LTD, First Half Ordinary Profit Increases by 45%, 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

8416 THE BANK OF KOCHI,LTD 【J-GAAP】

Earnings Report

THE BANK OF KOCHI,LTD <8416> [TSE-S] announced its financial results in the afternoon session on November 12th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.41 billion yen, an increase of 44.7% compared to the same period last year. The progress rate against the full-year plan of 1.2 billion yen is 118.2%, already exceeding the target and also exceeding the five-year average of 65.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 218 million yen (compared to a profit of 972 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 331 million yen, a 42.8% 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	11,301	ー	1,399	809	72.6	54.8	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	11,438	ー	980	757	69.1	50.2	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	12,276	ー	1,418	950	88.1	118.2	Nov 12, 2024	J-GAAP
YoY	+7.3%	－	+44.7%	+25.5%	+27.4%

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	1,410	950	93.9	10	Nov 6, 2024	J-GAAP
Apr - Sep, 2024 Results	12,276	ー	1,418	950	88.1	10	Nov 12, 2024	J-GAAP
Revision Rate	－	－	+0.6%	0.0%	-6.2%

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	11,552	ー	972	494	44.2	15	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	-218	-150	-14.8	15	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	23,080	ー	2,551	1,601	139.3	25	May 12, 2023	J-GAAP
Mar, 2024	22,990	ー	1,952	1,251	112.0	25	May 10, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	1,200	800	79.1	25	May 10, 2024	J-GAAP
YoY	－	－	-38.5%	-36.1%	-29.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,586	ー	579	558	50.9	0.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	5,839	ー	1,165	989	94.5	0.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	5,713	ー	-193	-495	-44.3	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	6,674	ー	1,087	833	82.4	0.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	5,602	ー	331	117	10.8	0.0	Nov 12, 2024	J-GAAP
YoY	+0.3%	－	-42.8%	-79.0%	-78.7%