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

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%

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