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Kita-Nippon Bank, Oct-Dec (3Q) Ordinary Profit Decreases by 4%, Current Fiscal Year Dividend Revised Upward by 20 yen

Fri Jan 31, 2025 3:00 pm JST Earnings

8551 The Kita-Nippon Bank,Ltd. 【J-GAAP】

Earnings Report

The Kita-Nippon Bank,Ltd. <8551> [TSE Prime] announced its financial results in the afternoon session on January 31st (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 4.82 billion yen, an increase 42.9% compared to the same period last year. The progress rate toward the full-year plan of 5.4 billion yen was 89.4%, it was below the five-year average of 99.6%.

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 decrease 20.3% from the same period last year to 0.57 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 80 yen to 100 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 1.84 billion yen, a 3.8% decrease compared to the same period last year.

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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 17,548 ー 3,701 2,543 302.9 105.7 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 21,571 ー 3,378 2,213 262.7 82.4 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 20,085 ー 4,826 3,479 411.6 89.4 Jan 31, 2025 J-GAAP
YoY -6.9% － +42.9% +57.2% +56.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 12,924 ー 2,423 1,534 184.7 40 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 New 12,924 ー 2,423 1,534 184.7 60 Jan 31, 2025 J-GAAP
Revision Rate 0.0% － 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 25,900 ー 5,400 3,800 457.5 80 Nov 12, 2024 J-GAAP
Mar, 2025 New 25,900 ー 5,400 3,800 457.5 100 Jan 31, 2025 J-GAAP
Revision Rate 0.0% － 0.0% 0.0% 0.0%

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 14,124 ー 2,642 2,180 258.7 50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 12,924 ー 2,423 1,534 184.7 60 Jan 31, 2025 J-GAAP
YoY -8.5% － -8.3% -29.6% -28.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 23,638 ー 3,500 2,659 316.7 60 May 12, 2023 J-GAAP
Mar, 2024 29,017 ー 4,098 3,073 364.6 80 May 14, 2024 J-GAAP
Mar, 2025 Guidance 25,900 ー 5,400 3,800 457.5 100 Jan 31, 2025 J-GAAP
YoY -10.7% － +31.8% +23.7% +25.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 6,678 ー 1,922 1,320 156.7 0.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 7,446 ー 720 860 102.0 0.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 6,343 ー 1,626 1,112 131.9 0.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 6,633 ー 1,351 1,154 136.6 0.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 7,109 ー 1,849 1,213 143.5 0.0 Jan 31, 2025 J-GAAP
YoY +6.5% － -3.8% -8.1% -8.4%

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