North Pacific Bank,Ltd., First Half Ordinary Profit Increases by 36%

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 4:00 pm JST Earnings

8524 North Pacific Bank,Ltd. 【J-GAAP】

Earnings Report

North Pacific Bank,Ltd. <8524> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 11.7 billion yen, an increase of 36.2% compared to the same period last year. The progress rate against the 23.4 billion yen full-year plan was 50.3%, it was below the five-year average of 56.9%.

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 16.7% from the same period last year, reaching 11.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 13.8% from the same period last year, reaching 4.39 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	64,320	ー	11,321	7,505	19.5	65.4	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	65,083	ー	8,642	6,643	17.3	46.4	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	68,695	ー	11,770	8,449	22.1	50.3	Nov 12, 2024	J-GAAP
YoY	+5.5%	－	+36.2%	+27.2%	+27.9%

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	65,900	ー	10,300	6,700	17.5	6.50	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	68,695	ー	11,770	8,449	22.1	6.50	Nov 12, 2024	J-GAAP
Revision Rate	+4.2%	－	+14.3%	+26.1%	+26.0%

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	68,031	ー	9,963	6,187	16.1	5	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	64,705	ー	11,630	7,051	18.4	6.50	Nov 12, 2024	J-GAAP
YoY	-4.9%	－	+16.7%	+14.0%	+14.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	126,734	ー	17,312	9,647	25.0	10	May 15, 2023	J-GAAP
Mar, 2024	133,114	ー	18,605	12,830	33.3	10	May 14, 2024	J-GAAP
Mar, 2025 Guidance	133,400	ー	23,400	15,500	40.5	13	May 14, 2024	J-GAAP
YoY	+0.2%	－	+25.8%	+20.8%	+21.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	32,316	ー	3,860	3,415	8.9	0.0	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	32,348	ー	4,496	3,378	8.8	0.0	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	35,683	ー	5,467	2,809	7.3	0.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	33,752	ー	7,379	5,236	13.7	0.0	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	34,943	ー	4,391	3,213	8.4	0.0	Nov 12, 2024	J-GAAP
YoY	+8.1%	－	+13.8%	-5.9%	-5.4%