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Bank of Iwate, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 39%, Oct-Dec Ordinary Profit Increases by 2.4 times

Tue Jan 28, 2025 2:00 pm JST Earnings

8345 The Bank of Iwate,Ltd. 【J-GAAP】

Earnings Report

The Bank of Iwate,Ltd. <8345> [TSE Prime] announced its financial results in the afternoon session on January 28th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 7.26 billion yen, an increase 39.2% compared to the same period last year. The progress rate toward the full-year plan of 9.6 billion yen was 75.7%, it was below the five-year average of 93.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to expand 34.5% from the same period last year, reaching 2.33 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.4 times that of the same period last year, reaching 2.84 billion yen.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 37,605 ー 6,290 5,221 301.2 97.4 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 32,154 ー 5,218 3,385 196.6 75.0 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 36,242 ー 7,263 5,157 301.1 75.7 Jan 28, 2025 J-GAAP
YoY +12.7% － +39.2% +52.3% +53.1%

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 22,367 ー 2,946 1,553 90.4 40 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー ー 5,183 3,378 196.5 60 Nov 12, 2024 J-GAAP
YoY － － +75.9% +117.5% +117.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 47,591 ー 6,457 5,381 310.4 90 May 12, 2023 J-GAAP
Mar, 2024 43,886 ー 6,955 4,225 246.0 80 May 14, 2024 J-GAAP
Mar, 2025 Guidance ー ー 9,600 6,500 378.1 120 Nov 12, 2024 J-GAAP
YoY － － +38.0% +53.8% +53.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 10,635 ー 1,209 713 41.4 0.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 11,732 ー 1,737 840 48.9 0.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 11,796 ー 2,431 1,764 103.4 0.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 11,938 ー 1,986 1,358 79.4 0.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 12,508 ー 2,846 2,035 118.8 0.0 Jan 28, 2025 J-GAAP
YoY +17.6% － +135.4% +185.4% +186.9%

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