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THE SHIMANE BANK,LTD., July-September (2Q) Ordinary Profit Decreases by 40%

Tue Nov 12, 2024 3:30 pm JST Earnings

7150 THE SHIMANE BANK,LTD. 【J-GAAP】

Earnings Report

THE SHIMANE BANK,LTD. <7150> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 605 million yen, an increase of 60.5% compared to the same period last year. The progress rate against the 620 million yen full-year plan was 97.6%, also surpassing the five-year average of 93.1%.

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 significant drop by 90.3% from the same period last year to 15 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 151 million yen, a 40.1% 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 4,078 ー 318 274 32.4 76.6 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 4,371 ー 377 290 28.4 71.0 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 5,206 ー 605 502 54.0 97.6 Nov 12, 2024 J-GAAP
YoY +19.1% － +60.5% +73.1% +90.1%

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 5,200 ー 600 500 60.5 5 Nov 6, 2024 J-GAAP
Apr - Sep, 2024 Results 5,206 ー 605 502 54.0 5 Nov 12, 2024 J-GAAP
Revision Rate +0.1% － +0.8% +0.4% -10.7%

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 4,832 ー 154 129 11.5 5 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,764 ー 15 18 1.7 5 Nov 12, 2024 J-GAAP
YoY -22.1% － -90.3% -86.0% -85.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 8,075 ー 415 418 46.0 10 May 15, 2023 J-GAAP
Mar, 2024 9,203 ー 531 419 37.4 10 May 13, 2024 J-GAAP
Mar, 2025 Guidance 8,970 ー 620 520 49.6 10 May 13, 2024 J-GAAP
YoY -2.5% － +16.8% +24.1% +32.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,282 ー 252 175 17.1 0.0 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 2,232 ー 236 204 22.0 0.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 2,600 ー -82 -75 -6.7 0.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 2,605 ー 454 370 44.8 0.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 2,601 ー 151 132 14.2 0.0 Nov 12, 2024 J-GAAP
YoY +14.0% － -40.1% -24.6% -17.2%

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