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

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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.

Kabutan News

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%