AKITA BANK, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 24%, Oct-Dec Ordinary Profit Increases by 39%

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Thu Jan 30, 2025 1:00 pm JST Earnings

8343 THE AKITA BANK,LTD. 【J-GAAP】

Earnings Report

THE AKITA BANK,LTD. <8343> [TSE Prime] announced its financial results in the afternoon session on January 30th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 23.7% from the same period last year, reaching 5.64 billion yen. However, the progress rate toward the full-year plan of 7.7 billion yen was 73.4%, also falling below the five-year average of 85.0%.

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 grow 1.1% from the same period last year, reaching 2.05 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 38.8% from the same period last year, reaching 1.93 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	35,533	ー	5,037	3,647	204.2	102.1	Jan 30, 2023	J-GAAP
Apr - Dec, 2023	30,768	ー	4,567	3,219	183.1	69.2	Jan 30, 2024	J-GAAP
Apr - Dec, 2024	40,003	ー	5,648	3,296	186.6	73.4	Jan 30, 2025	J-GAAP
YoY	+30.0%	－	+23.7%	+2.4%	+1.9%

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	21,239	ー	3,420	2,274	129.3	45	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	3,982	3,077	173.8	45	Nov 8, 2024	J-GAAP
YoY	－	－	+16.4%	+35.3%	+34.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	46,861	ー	4,935	3,295	185.4	70	May 11, 2023	J-GAAP
Mar, 2024	42,734	ー	6,597	4,541	258.2	80	May 10, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	7,700	5,000	282.4	90	May 10, 2024	J-GAAP
YoY	－	－	+16.7%	+10.1%	+9.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	9,273	ー	1,390	952	54.2	0.0	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	11,966	ー	2,030	1,322	75.2	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	12,870	ー	2,361	1,687	95.7	0.0	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	13,507	ー	1,357	236	13.4	0.0	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	13,626	ー	1,930	1,373	77.7	0.0	Jan 30, 2025	J-GAAP
YoY	+46.9%	－	+38.8%	+44.2%	+43.6%